Are my donations being taxed?
March 4, 2020
Section 7C of the Income Tax Act explained
March 4, 2020

It’s not to say you spend finances irresponsibly, but having a reputable financial advisor comes in handy. Depending on your financial needs, your advisor may be a financial or retirement planner, money manager or a wealth manager. Either way, getting assistance from those who specialise will help you get greater returns for the bucks you spend on their services.

They’ll help you strategise

Whether your financial objective is to donate to charity, leave a financial legacy for your offsprings, or minimise your tax burden and debt, financial advisors strategise and keep you informed on methods that will benefit you.

They’ll assess risks

Putting all your eggs in one basket? Risky. Each portfolio has expectations and having clarity on emotional and behavioural risks of these investments will help you plan ahead for tough times. Advisors will assess where investment risks lie and help you diversify your investments accordingly.

They can do more

If you get yourself an advisor who specialises in more than just financial opportunities, they will provide a scope of the whole financial market by taking a big-picture approach. Because your needs differ from the next person, your financial advisor will structure your financial priorities to suit you. They also search for opportunities across other areas that concern you, such as your estate, and plan your finances in a way that will give a greater positive impact on your portfolio.

If you’re interested in generating financial security and not sure how to go about it, start with contacting a financial firm. In the long run, the money you spend for advisory assistance will be far less than the money you could lose in a faulty investment due to having little information.

This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice.  Errors and omissions excepted (E&OE)

We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies