Top Private Wealth Management Products and Services

Article written by Jennifer Black, Dedicated Financial Solutions.

Top Private Wealth Management Products and Services

If your personal wealth is becoming significant, specialized expert wealth management services and solutions are available that can help you ensure your wealth continues to grow, enabling you and your family to achieve your goals, now and in the future.

One of the most important services you need to take advantage of is tax planning – it’s extremely important to find an advisor or firm that can help you manage your finances in the most tax-efficient manner possible, someone who can see the bigger picture and who knows the Canadian taxation system inside and out. For example, the tax-planning professionals at Dedicated Financial Solutions understanding how tax can affect your portfolio and they know how to help you take advantage of tax savings structures, strategies and products.

You also need to ensure that your assets are protected from losses, market volatility and other risks, not just from over-taxation. And finally, you need a plan to transition your wealth effectively and according to your wishes, whether that transfer is to family or through philanthropy or a combination of those.

Determining what solutions are best in your particular situation is the first step in building an overall wealth management plan. There are a lot of wealth management products and services out there, such as private banking, estate bonds, guaranteed wealth transfer plans, business succession, specialty financing, personalized portfolio management, trusts and many more. Depending on your circumstances, you may also want to ask your advisor about a corporate insured retirement program, which involves insurance for your current needs and tax-advantaged funds in retirement.

These and other solutions can help you to achieve your goals, but only if you know how to take advantage of them and make them work for you. But it can be tough to sort through them, learn about them and figure out which ones can truly help you. You need a plan tailored to your circumstances, and that can be developed only by working with an expert team that takes the time to properly understand you, your personal and financial situation and exactly what your goals are. If you’re in Mississauga or the Greater Toronto Area, talk to your local team of experts at Dedicated Financial Solutions. They’ll analyse your entire financial picture, focusing on both your short-term and long-term goals, and recommend solutions that will help you reach them.

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