Ladies, How Are You Planning For Your Future?

By October 20, 2014Business News

By Adrian Spitters and Win Wachsmann. Now that you’re looking into the future, are you sometimes awake at night wondering?

How much longer do you have? Most women can expect to live till 81 in Canada.

And what about your financial future?

Where should you put your nest egg? Mutual Funds? RRSP’s ETF’s? TFSA’s? Stocks? Bonds?

Which is better? Should you go for growth? Security? Tax efficiency? And how do the Dow Jones, TSX or EAFE indexes fit in? And do your eyes glaze over when you read all those acronyms?

Do you even know what you want? Other than a bright and secure financial future.

Should you manage your money yourself or get an advisor? Who can you trust?

Aren’t advisors expensive? Who can recommend a good advisor?

Where can you find one who looks out for YOU and YOUR interests rather than trying to sell you an investment where they get the maximum commission.

And do you even want to ask your more successful friends for financial advice? Awkward!

Sometimes you don’t even know which questions to ask. Right?

Isn’t it time you started to examine the possibilities?

Starting to plan for your future TODAY will make for a better tomorrow.

Single, married, or widowed, you are not alone. Many women across our country are deciding to take that first step toward a better financial future.

Some have been exploring the concept of a Managed Portfolio.

Managed Portfolios are a special kind of portfolio:

  •  They can be as simple as a basic family of 7 – 9 mutual fund portfolios with a collection of mutual funds in each portfolio. Each portfolio will have a level of risk attached that will range from conservative to aggressive (volatile). These portfolios are managed by a number of the largest mutual fund companies and are ideal for small investment accounts.
  • A more sophisticated portfolio is known as Private Client Portfolio. These are fully customized to each client’s unique needs and use pension style investment pools and or individual securities. Investors with larger portfolios starting at $250,000 and above will receive this customization. Even larger investments will have even more services and customization.

Wealth Advisors, trusted, independent professionals whose goal is to help you preserve and grow your money, will often suggest these types of portfolios to help you keep YOUR money SAFE.

Think of these portfolios as “better life enhancers”. You will still have total control – thus maintaining your independence and self-reliance while maintaining safety and security.

Here is a short version of how these portfolios work.

First of all the Wealth advisor will determine your goals, your independence, self-reliance, self-determination and suggest a portfolio that will allow you to sleep restfully at night, knowing your money is safe, secure and growing.

The Portfolio will be managed by experienced investment managers whose goal is to minimize risk while arranging your finances to minimize the tax payable, thus increasing the amount of money you can earn in your investment.

They constantly monitor the markets and the changes in government tax structures.

Should you receive a family inheritance, that can easily be added to your portfolio. Your ability to save over the years will be enhanced by the Managed Portfolio professionals.

Have you seen your nest egg eroded because of losses? Have you had to access your money for those extraordinary life events that seem inevitable?

The good news is that a well-designed Managed Portfolio may allow you to minimize further short term losses and enable you to participate in future market growth.

If you need to access funds for those unexpected expenses, that is done easily and quickly without a hassle. After all, it’s YOUR money and YOU have the final say. In many cases the money can be

withdrawn with minimal tax liability.

Is there a fee for this service? Yes!

In some cases, the savings you will incur by reducing your taxes and the extra growth you will earn over time, above the GIC or basic savings account, will easily cover the management expense.

You will be ahead!

Some managed portfolio solutions offer up to 100% deductibility of their fees, thereby further reducing the cost of managing your portfolios. However, this deductibility is only available for non-registered investment accounts.

The big thing is you are now not alone in making these important financial decisions. Your Wealth Advisor and the Managers of the Managed Portfolio are there to help.

  • To help reduce the stress of making decisions in isolation.
  • To help you face the future with confidence.
  • To help give you peace of mind.

After all you’ve been through, you deserve a better tomorrow. Right?

Here is an example of one of the managed portfolio solutions we recommend to our clients.

Commissions, trailing commissions, management fees and expenses, may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus and consult your Assante Advisor before investing.
Adrian Spitters, FCSI, CFP, FMA, is a Senior Wealth Advisor with Assante Capital Management Ltd. He can be reached or visit his website at

Win Wachsmann has been helping businesses improve their marketing and helping them get ready to sell their business. He doubles as an author, journalist, syndicated columnist, filmmaker and businessman who makes his home in the Fraser Valley of British Columbia. His articles and columns can be found in some of the finest offline and online magazines, journals and media properties.
He can be reached at


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