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Episode 207: How Many Accounts Do You Really Need?
Do you ever wonder if you really need all those different accounts and the extra time and headache to manage them all? Today on ThinkSmart Financial Advisors, Rob McClelland and Mike Connon discuss the many types of accounts investors might hold and our recommendations for each. Today on ThinkSmart Financial Advisors, Rob McClelland and Mike Connon discuss the many types of accounts investors might hold and our recommendations for each.
Key points:
(05:39): How many investment accounts should you have?
(06:47): What do we recommend as you age?
(07:32): What about TFSAs?
(08:11): How many RESP accounts should you have?
(08:24): What about your Open Account?
(09:07): What should you hold within your investment accounts?
(11:25): Let’s look at some real-world examples of fails.
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 Fund Facts and consult your Assante Advisor before investing.
The case study mentioned in this podcast is based on actual scenarios but names and identifying details have been changed to protect the privacy of individuals. This case study is provided for illustrative purposes only to provide an example of our process and methodology. The results portrayed is not representative of all of our clients’ experiences.
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By The McClelland Financial Group of CI Assante Wealth Management Ltd.
4
22 ratings
Do you ever wonder if you really need all those different accounts and the extra time and headache to manage them all? Today on ThinkSmart Financial Advisors, Rob McClelland and Mike Connon discuss the many types of accounts investors might hold and our recommendations for each. Today on ThinkSmart Financial Advisors, Rob McClelland and Mike Connon discuss the many types of accounts investors might hold and our recommendations for each.
Key points:
(05:39): How many investment accounts should you have?
(06:47): What do we recommend as you age?
(07:32): What about TFSAs?
(08:11): How many RESP accounts should you have?
(08:24): What about your Open Account?
(09:07): What should you hold within your investment accounts?
(11:25): Let’s look at some real-world examples of fails.
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 Fund Facts and consult your Assante Advisor before investing.
The case study mentioned in this podcast is based on actual scenarios but names and identifying details have been changed to protect the privacy of individuals. This case study is provided for illustrative purposes only to provide an example of our process and methodology. The results portrayed is not representative of all of our clients’ experiences.