Advise Affluent Families Seeking Tax-Efficient Investment Planning

Establish a strategic and tax-efficient investment income plan that will result in capital accumulations placed in the right hands within the family. Enrol in Tax Strategies for Financial Advisors and earn 30 FPSC-approved CE credits.

Tax Strategies for Financial Advisors

Investment & Retirement, Succession & Estate Planning, Tax Planning

By: Evelyn Jacks, Walter Harder

PROGRAM:  Investment and Retirement Services Specialist

Tax Strategies for Financial Advisors qualifies for 30 FPSC-approved CE credits.

Tax, financial planning and wealth management competencies are required to fund income and capital accumulation goals derived from investments. The advisor must use a strategy and a process geared to preserving, growing and transitioning wealth tax efficiently to the next generation, throughout the lifecycles of individuals within a family.

WHY IS THIS COURSE TIMELY?
Tax is a trigger for affluent families. They seek credible, trusted, and expert solutions to their investment strategies and expect to work with professionals who can increase returns with tax efficiency.

CONTENT DESCRIPTION AND KEY CONCEPTS:

This course covers a strategic and tax efficient investment income planning process which will result capital accumulations in the right hands within individuals in the family. The objective is to earn investment income tax efficiently, split it with family members and avoid tax erosion of the capital at transition times.

CERTIFIED SKILLSETS:

• Be conversant with recent tax changes relating to a variety of investment opportunities, understanding strategies and ordering rules using tax free, tax deferred and taxable income
• Proficiently use a series of assessment tools around which to structure the client's pre- and post-tax investment income needs and monitor ongoing results
• Learn how to “manage the tax return” by being familiar with tax free zones, clawback zones and marginal tax rates
• Provide specific investment income planning approaches for a variety of taxpayer profiles including young families, students, business owners and retirees

Practice Management Thesis: Comprehensive real life case studies appear throughout the course for each of the profiles noted above. Students will be given tools and asked to demonstrate how to build an overall vision for retirement, how to collect information on key milestones, assess current and ongoing income, plan for a variety of sources of income, plan for spouses retiring at different times and in different ways, structure a tax-efficient layered income plan and use available resources to help build additional wealth over time.

KNOWLEDGE BUREAU TOOLS INCLUDED:

• EverGreen Explanatory Notes
• Knowledge Bureau Calculators
  • Financial Assessment Calculator
  • Income Tax Estimator
  • Marginal Tax Rate Calculator
  • Investment Income Calculator
  • Registered vs. Non-Registered Savings Calculator
  • Tax-Efficient Assets Transfer Calculator

MARKS ALLOCATION: