Haunn Landers & Co.

We often refer to a qualified financial or investments advisor as  a certified financial planner . You as a client can expect professional advice from them on investments, insurance, tax, wealth management, and retirement planning. It is wise to know the roles and duties of a   certified financial planner  in   Mississauga, ON, before you hire one. The duties of a financial planner A financial planner’s primary role is to help clients develop a personal budget, establish ways to save, minimize or control spending and implement ways to accumulate wealth. In addition, they work with investment managers, mutual funds, or financial advisers to meet the investment needs of their clients. In order to offer such assistance to their clients, reputed financial planners of Mississauga ON stay up-to-date with present tax regulations development of financial products. They also remain aware of the essential personal financial management policies on retirement and ...

Nowadays, it is possible to do anything online. For example, you can hire a contractor or buy a car using online means, sitting in the comfort of your house. This approach may be beneficial in almost all situations; however, when you need to prepare wills, trusts or deeds to establish your end-of-life wishes, you require professional help. If   you cannot decide whether to do it yourself or have professional service while endeavouring  estate planning in Mississauga , do read this writing. It will be clear why it is wise to have advice from professionals during estate planning. Keeping the documents up-to-date We generally think that developing a will or trust is a one-time endeavour. However, there are instances when there needs to be a change in the will or trust. Events like marriage, divorce or any major purchase may lead to changes in the will or trust. If there is a financial change, you need to change the will you drafted. Suppose you are with a profession...

Estate planning can be tough when it comes to high-net-worth individuals. There’s so much to think about, including planning for estate taxes and giving through gifting. In this post, you’ll find some of the best strategies to consider in order to make sure this important task is complete by the time you pass on. Establish a trust: Setting up trust is an essential step for high-net-worth individuals to protect their wealth. A trust helps protect you from creditors and estate taxes while also ensuring that your family members receive your wealth. Lessening taxes: Strategies in estate planning revolve around tax minimization. The estate tax has a top rate of 40%, and high-net-worth individuals should take advantage of these strategies to reduce the amount of tax their estates will owe. Life insurance: A life insurance policy has more benefits than simply providing money for your family after you die. It can also help reduce your estate tax bill. If you own a lot of re...

Balancing your portfolio means seeking a mix of investments that suits your risk tolerance and investment goals. But you can’t forget to adjust your holdings over time, which is known as rebalancing. Here’s a quick rundown of what you need to know about balancing & rebalancing your investment portfolio: A balanced portfolio means you have a mix of investments — generally stocks & bonds — that’s appropriate for your risk tolerance & investment objectives. Rebalancing your portfolio allows you to maintain the level of risk you want for your investments. Since the values of individual investments vary over time, it is natural for your portfolio to become out of balance. You can rebalance your portfolio at regular intervals or whenever a certain level of difference between your ideal allocations and your actual portfolio allocations has been reached. You can rebalance by selling one investment and buying another or by allocating additional funds to either stocks or bo...

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.  ...