While some may consider a large financial surplus as the solution to most problems, the complexity that accompanies significant wealth can present new challenges in its own right. Fortunately, with thoughtful planning and collaboration with the right professionals, these challenges can be overcome. In this article, we explore some of the key areas of concern high-net-worth individuals and families face.
Do you have a great idea that you’re sitting on, something completely new and unique? If so, royalty income may be an additional source of income for you.
You have decided to work with an active manager and must now sort through many investment management firms to select one who is best suited to meet your personalized portfolio objectives. Selecting your active manager is an important task—here are 5 things to evaluate.
You’ve unexpectedly received a large sum of money—what should you do? You may find yourself overwhelmed—perhaps even paralyzed—as you try to work out how to deal with the significant surplus you now have over your everyday needs. This article highlights 3 key steps in planning how to handle sudden wealth in ways that are fulfilling and meaningful to you.
When you strategize and plan your philanthropic efforts, you not only control how and when your time and resources will be allocated, but you might also be able to add real value to your overall wealth through significant tax savings, which can be allocated back towards philanthropy.
In this article, we will break down the process of formalizing your philanthropic vision, touch on how to choose which organization to give back to in Canada, and highlight one powerful philanthropy strategy with the opportunity to minimize tax.