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with Knowledge

Personalized Wealth Management For High-Net-Worth Families: What To Consider

Are you responsible for allocating a significant amount of family wealth to meet your family’s financial needs and long-term financial objectives?

While the Canadian wealth management landscape offers no shortage of investment management and advisory solutions, high-net-worth families often have sophisticated needs and must be careful to ensure that they obtain services that are structured to meet these needs.

In this article, we explore 3 key attributes to consider when looking into wealth management products and services to help you find a truly personalized approach to managing your family’s wealth.

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The Informed Philanthropic Advisor: Missing Out on These Conversations with Your Clients? It Could Cost You!

Between forming a giving strategy to maximize impact, knowing how and where to give, and the complex tax stipulations that naturally come with charity work, navigating the philanthropic space can be challenging for donors even at the best of times. 

A philanthropic advisor is a vital resource for clients of all backgrounds—from those lacking detailed knowledge in the space, to those who have the experience and understanding, but may not have the time required to carry out the legwork on their own.

But giving isn’t always so easy—even for advisors. Bloom Investment Counsel, Inc. understands that the intricate complexities of philanthropic endeavours from the advisor’s perspective are not discussed or acknowledged. Amid instigating that difficult initial philanthropic discussion and executing personalized client plans, we know the world of charitable giving is anything but easy. 

But did you know that negating to engage in important discussions with your clients could actually cost you your clients? In this article, we cover important discussions you may wish to have with your clients.

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Financial Responsibility Amongst Teens

Teaching teens can be challenging as they become more independent, especially when it comes to educating them about managing their money and finding the right balance between saving and spending. This article outlines some strategies you can use to teach your teen how to be financially responsible, so that they develop the self-confidence and skills needed to successfully manage their money.

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Top 3 Secrets For A Healthy And Wealthy Retirement

As retirement approaches, you may be on the lookout for financial professionals and life coaches for retirement guidance around wealth and health. Even if you feel you don’t need their services just yet, it is never too early to think about the changes retirement will bring. In this article, we dive into our top three secrets for a healthy and wealthy retirement. Read about what some successful retirees do, and what you can do to follow in their footsteps and enjoy your retirement years.

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The Future Cash Flow Strategy You Probably Didn’t Know Existed

Between rental, earned, profit, royalty, dividend, capital gains, and interest income, there are a plethora of passive income (i.e. requiring minimal effort on your part) strategies that you can engage in to ensure you are always getting the most out of your capital. Let’s briefly go through the highlights of 7 streams of income before diving into an EIGHTH stream of income which we like to refer to as the “secret” income stream.

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