What the 1 Million Dollar Investor Should Know
The following article will be discussing four important wealth management issues that the $1 million investor should know about. Naturally, it stands to reason that there are far more than four important issues. However; the topics discussed here are four that are rarely mentioned in the press or in mainstream financial publications, and often times are not even mentioned by the average financial advisor.
The intention of this article is simply to inform and educate affluent individuals about wealth management and retirement planning issues that may pertain specifically to their demographic and may not be heard about elsewhere. These issues include having the ability to gain access to investment options reserved exclusively for wealthy clients, minimizing tax obligations on investments, efficiently transferring wealth to chosen heirs and tying it all together in a comprehensive financial plan.
Exclusive Options for Affluent Investors
As your wealth grows, so too do your available options for investment management. It’s important to be aware of your options as they can have a significant impact on the type of investment management you receive, the fees you pay and the number of restrictions on your money.
Growing quickly in popularity, what remains as one of the lesser known options, although one of the most effective is the private “investment counsel” firm. Investment counselors (ICs) work almost exclusively with affluent Canadians. We say almost exclusively because in addition to working with wealthy clients, IC firms may also manage private trusts and endowment funds. Read more of this >>