Investments
At Plater Financial Inc. we provide a consistent investment message regardless of market conditions or fads.
That is, we strive to avoid the herd-like mentality that often leads investors in the direction of making poor investment decisions by following trends without taking into account long-term financial security and growth.
Market fluctuations are cyclical. At Plater Financial Inc., we believe we make a difference because we strive to advise our clients against making poor investment decisions based on emotional responses to market fluctuations.
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We build tax efficient, diversified portfolios. Diversification offers considerable financial
security, while after-tax return is the only way to establish long-term wealth.
Investment Servicing Topics
Here are different investment areas where we can be of service to our clients:
Planning and saving for retirement
Making my investments more tax efficient
Saving for a child or grandchild's education
Advice on severance, pension or retirement packages
Building a properly balanced portfolio
Advice on RRSP's held at work
Turning my retirement savings into an income
Turning the sale of my home into an income
Investing any unproductive savings held in the bank
Investing an inheritance
Investing to bypass or reduce probate tax and legal costs upon death
Consolidating my investments to one advisor
Investment Consolidation
Investment portfolios containing a variety of mutual funds, GIC's, annuities, bonds etc. within numerous non-registered plans, RSPs/RIFs administered by a handful of financial institutions can often seem like a daunting task to oversee for the client. We recommend simplifying client's investments, if it's in the clients best interest, by consolidating accounts at one financial institution.
If investments are fairly straightforward, consolidating holdings within a single institution is, in most cases, a simple process of transferring assets from one place to another.
If clients own a variety of different kinds of investments, however, establishing a self-directed RSP or RIF may be the simplest way to reduce the number of plans in a portfolio, and provide the client with an "umbrella" under which a variety of investments can be held. Most self-directed plans will accommodate investments offered by a number of organizations.
Consolidating one's investment accounts can be beneficial for many reasons. Monitoring the asset allocation within each plan and tracking renewals for term deposits, as well as balancing foreign content and RIF incomes will be made far easier. In addition, clients may benefit from lower management fees by holding a larger volume of a portfolio within one company.
Consolidating also simplifies record keeping. Instead of receiving several financial statements and reports from different financial institutions, clients will receive one comprehensive statement and one set of tax reporting documents from a single source. From an estate planning standpoint, an executor will have fewer institutions to deal with in order to settle an estate and carry out wishes, and will provide the executor with a clearer inventory of just what constitutes an estate.