What does an investment management Calgary firm do? What services do Canadian investment management firms offer?
Managing Your Personal Nest Egg
When you put money in a 401K, IRA, Registered Retirement Savings Plan (RRSP), Tax Free Savings Account (TFSA) or simply contributed to the Canadian Pension Plan (CPP), part of the fund’s expenses pay for a professional manager. A professional investment manager or team of managers handles the investments for your retirement account unless you are leaving it in cash or buying individual stocks on your own in the retirement account. When you have built up your own personal nest egg, it is wise to hire a Canadian investment management firm to help you get similarly high rates of return.
Small Business Retirement Plans
If you own a small business, you can set up a retirement plan for yourself as a business owner as well as your employees. The paperwork to do this has been simplified over the years. However, managing the small business retirement plan is often far more complex – especially since the business owner’s priorities are the business that supports everyone today and not the retirement plan that will support them in retirement. Contact a Calgary investment firm for advice on managing a small business retirement plan. If you are considering setting up a small business retirement account, seek professional advice to make sure it is done right.
Expatriates face a complex network of tax regulations. Americans retiring in Canada are still required to pay U.S. taxes despite living in Canada, in addition to applicable Canadian tax bills. Canadians retiring in Florida or other warm, southern locales may have to pay local, state and federal income taxes depending on how long they live in that jurisdiction. A Canadian investment firm can assist you with filing the proper annual tax forms on your retirement income or direct you to a reputable accounting firm if the case is complex.
Building Your Endowment
You’ve set aside money to give to charity upon your death. The value of the charitable gift may not be much now, but with proper management and wise investing decisions, that seed money can grow to a sizable endowment. Conversely, if you have a significant amount in trust for a charitable cause, seek Calgary investment management expertise to maximize its returns year after year. With good rates of return, your endowment could generate a reliable and sizable cash flow to fund various charitable activities without even having to touch the principal.
Ensuring Your Legacy to Future Generations
Whether setting aside an educational savings account for grandchildren or creating a trust to pay for the living expenses and medical bills for a disabled child, investment management advice ensures that the money will grow over time to pay the intended expenses and won’t run out before the recipient finishes requiring it.
While investment management firms readily partner with you to meet long term investment goals, they are also available for immediate consultations on individual investing decisions. Should you invest the proceeds of the sale of a family home in a retirement account? Can you use funds in a personal retirement account to buy rental properties to generate passive income? What are the tax consequences of pulling money out of a retirement account to pay medical bills? What are your options to improve cash flow from an existing retirement account with minimal risk to the principal? Consult with an investment management firm in Calgary, like the one here, before making a costly mistake.