Haunn Landers & Co.

Those who want to pass wealth to their kids & loved ones usually have worries about preserving their assets against inflation and economic fluctuations. Here, we have discussed 5 strategies you can employ to safeguard your wealth against different financial risks.  Manage your estate: Estate planning is a crucial part of ensuring your wealth is allocated according to your wishes in the event that you become incapacitated or when you pass away. It’s important to have this process in place now so that your loved ones will know exactly how you want them to handle your assets when the time comes. If you have already organized your estate, you might want to review your decisions from time to time. Recent changes in law and your own life may affect the way you want to leave things for your heirs. A certified financial planner (CFP) can help you adjust your estate plan as needed. Invest in the market: Diversification is an essential part of any long-term wealth-bui...

HNWIs, or high-net-worth individuals, typically use a combination of accumulated assets and a constant income stream to pay for their future expenses. Since their portfolios are so complex by nature, they need help from an experienced financial advisor in Mississauga who comprehends their unique situations and needs. Here, we are going to discuss the three important areas a financial planner for HNWIs should cover: Estate planning: Life is unpredictable, and a debilitating illness or sudden demise can strike at any given time. To make sure your wealth gives a helping hand to your loved ones, you must prepare your estate and determine how to allocate your assets. For high-net-worth individuals, estate planning is also essential because recent changes in the law may have made some current strategies futile. If you fail to update your estate planning strategies as per the current legislation, you risk short-changing your family members when they receive your wealth. Esta...

Even though financial planning investment strategies are available literally everywhere on the Internet, not all advice is applicable to everyone. For example, people with a net worth of $1 million or more probably won’t benefit from average investment advice for those with smaller portfolios. Consider these 3 financial strategies if you have a multi-million-dollar portfolio you want to leverage. Lessen tax payment: Taxes are inescapable, but the sum you pay every year does not have to be. There’re many actions that can be taken to get rid of paying higher taxes. We know that taxes can be a confusing and time-consuming process, but we’re here to help you understand them better. Our financial planner in Mississauga can review your finances in detail to find ways to reduce your tax burden. This helps ensure you avoid paying more than you have to, putting more money in your pocket while also offering a superior level of financial security at the time of retirement.  ...

Any time you are encountering a notable business event, it is critical to remember that your financial advisor in Toronto can help with more than simply your retirement account. Listed below are some often-overlooked financial situations that a business needs to consult their financial advisor about. Safeguarding business assets: Asset protection is something that so many business owners either don’t completely comprehend or haven’t discussed before with their financial advisors . Being a business owner, you are susceptible to a wide range of risks, and in some events, commercial insurance does not cover all those risks. In most cases, it makes sense to look at different trusts or business structures. Preparing for next year’s taxes: A financial advisor who’s permitted to offer tax advice can be a priceless resource for clients. These are things that need to be taken care of before the financial year is over, not in April when you are filing your taxes. It is too lat...