In July we had the pleasure to sit down and host a panel with several local business owners and entrepreneurs, their stories were not just powerful and inspirational. They proved to be a testament to the entrepreneurial spirit that “is in all of us” as Dr. Zita founder and president of the Black Manitobans Chamber of Commerce would say. Al Dawson owner of Harrison’s Coffee, could not have said it better “Life gets so much better when you have a community cheering you on.” Al I could not agree with you more, having a community can do wonders for your business not just in a monetary sense, but it can create, a sense of belonging, and morale. being a dependable source of something important to others is substantially beneficial for your business. Understanding the power and benefits associated with having a strong community is essential to the success of your business. A Investment advisor is an integral part of this community. Here are a couple of benefits of having one on your team of professionals.
Taxes are probably one of the most significant expenses that business owners face within their lifetime. Tax efficacy is essential to optimizing your portfolio's performance and overall wealth, your Investment advisor can help you understand the different elements of taxation and how they relate to your business and unique situation. Minimizing both taxation on your personal income as well as within your cooperation. Sometimes you can have the best of both worlds.
To say that this past year has been “rocky for the markets” is a vast understatement, we have been hit with everything from rising inflation to geopolitical risks such as the war in Ukraine. Investors’ emotions are running high, and that has most definitely been reflected within the market lately. An investment advisor helps you stay on track with the big picture, steering clear of the pitfalls of emotional investing. Maintaining a long-term perspective can help you stay on course and reap the benefit of long-term gains.
A financial Planner provides you with a comprehensive financial plan that takes the full picture into account. Not just when you want to retire, but a unique plan that is based on what matters to you. One aspect of this is taking a proactive approach, ensuring that the recommendations that are given to clients are not static. But rather keeping up with their changing life plans, as well as with the changing economic and geopolitical environment.
Yet again having a financial advisor as part of your community of professionals is essential when it comes to optimizing your overall wealth. If we have learned anything from two years plus in isolation is that community is more important than ever and essential for the success of your business.
- Mitchell Cathcart, Marketing Associate
Kondwelani Kalinda, Licensed Assistant & Financial Planning Associate and Grant White, Portfolio Manager at Endeavour Wealth Management with iA Private Wealth, an award-winning office as recognized by the Carson Group. Together, Endeavour Wealth Management provides comprehensive wealth management planning for business owners, professionals and individual families.
This information has been prepared by Mitchell Cathcart, Marketing associate, Kondwelani Kalinda, Licensed Assistant & Financial Planning Associate and Grant White, Portfolio Manager for iA Private Wealth and does not necessarily reflect the opinion of iA Private Wealth. The information contained in this news letter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.
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