Finding Effective Financial Advice For Companies

May 26, 2012 · Posted in Savings · Comment 

In order to reach goals for growth, many business owners turn to professionals who provide financial advice for companies. In order to find the most effective advisor easily, knowing what characteristics to search for will be very helpful.

Trading Longevity

When you are comparing providers, it will be important that you learn about the advisor’s background and experience. The provider you select should have a minimum of five years working within your industry and be able to answer any questions you may have about the services they provide. The provider will also give you references of clients they have worked with so that you can learn about their approach when handling finances.


Reputation and recognition are very important when you are choosing an advisor. The professionals you consider should be well known in your industry and have a reputation for providing the services needed in your specific business. When you talk to other successful business owners, they will be able to give you information about the providers you are considering and share their personal experiences with some providers. The advisor you choose will have ties to your industry and belong to organizations that reflect their commitment to serving your business.


When you conduct a background check on the provider, they will possess the proper licenses and qualifications to provide the services you need. Advisors normally have one of three certifications, Registered Financial Consultant (RFC), Chartered Financial Consultant (CFC), and Certified Financial Planner (CFP). They will also have a record of accomplishments from industry sources and a proven record of wealth creation and management.

Final Thoughts

An excellent advisor will be transparent about their fee structure and services. Most advisors charge a flat fee, fixed commission on the sale of investment or related products, or charge a combination flat fee and commission. They may also charge a management fee based on the percentage of total assets they are managing. When seeking financial advice for companies, working with knowledgeable and experienced professionals who have a history in your industry will give you the ability to maintain growth in your business and help you to achieve your overall goals.

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Mutual Funds

April 19, 2012 · Posted in Savings · Comment 

Mutual funds are one of the safest methods for people to earn some money by saving.. With mutual funds the company has a portfolio of stocks, shares and bonds that may increase the client’s investment. Although many countries have their own type of mutual funds you will find that Canadian mutual funds have a parent firm that regulates their operations.

Usually, Canadian mutual funds are available only to inhabitants of Canada. If you want to invest your savings in one of these Canadian mutual funds then you should investigate the matter very carefully. The various companies that you should investigate should have all of their terms and conditions listed in a clear and easy to understand manner.

You can look through financial pages of the newspapers and the Internet to look up how the various Canadian mutual funds are performing. These lists will assist you to make a comparison between the mutual funds you are interested in.

To gain a better picture of what kinds of stocks and bonds there are in each of these companies, you should look at the listings that are given. Compare these details with those of other Canadian mutual funds.

For the most part, Canadian mutual funds will have the same sort of funds as the mutual funds in the USA have. These funds include index mutual funds, low cost funds, front load funds, no-load funds and others. However, before you decide to invest in a Canadian mutual funds group, you will need to get some legal advice.

This advice will have to handle the questions of tax that you may have to pay on both sides of the border. This is essential as the taxation authorities in the US require shareholders in investment corporations to pay some type of tax on capital gains distributions. You will need to know how the Canadian government looks at the tax rates for Canadian mutual funds.

There is one aspect that needs deeper inspection when you are investigating the various Canadian mutual funds. Canadian mutual funds can have a number of different brands of stock held under the umbrella of one fund. For instance you will find that the ‘RBC (‘Royal Bank of Canada’) Asset Management Inc.’, has one type of stock brand called the RBC Funds. Whereas ‘The Mackenzie Financial Corporation’, on the other hand, has nine different brands.

All of this makes the idea of investing in Canadian mutual funds quite interesting. If you are at all interested, you will need to find out how you can invest in one of these funds. Your financial advisor should be able to offer you some assistance in this endeavour.

If you are interested in Canadian Mutual Funds or saving at all, please go along to our website entitled Saving in Mutual Funds

Auto Enrolment – A brief guide

March 18, 2012 · Posted in Business · Comment 

Auto Enrolment?

From October 2012 onwards, your employer will have to auto enrol you into a employer contributed pension. This means you will have a pension pot, into which you will have to contribute a percentage of your yearly wage Your company will have to contribute a further percentage and the Government will pay a percentage in the form of tax relief.

What is the purpose of Auto Enrolment?

This is mainly happening because we are living longer, but only a few people are building pension funds for their retirement. The problem with this is that in the future when we all retire, there might be a large financial drain on our welfare system and the UK will not be able to afford the older generations That means the Government has to force us to put away something for our retirement so that we are not forced to live in poverty.

Do I have to save for my pension?

The law does not currently require you to have a pension. Your employer is obligated to auto enrol you into a workplace pension, but if you don’t want to enrol, then you have to notify your boss of your decision. However, you should know that you will be missing out on additional investment that you might not receive if you opt out.

What will my workplace pension be worth?

It is difficult to know how much you will receive from your workplace pension because it depends a number of factors including age, how much is in your pension fund and the type of pension you have

What age can I draw my pension?

This entirely depends on whether the Government changes the law, but the current pension laws say that you can take your pension at the age of 55 and you must have started receiving your pension by the age of 75.

Summary The Auto Enrolment 2012 pension changes will affect us all in some way. It is imperative that you learn as much as you can about Auto enrolment before making an important decision that might change your life.

The Safety Of A Pension In A QROPS Fund

December 12, 2011 · Posted in Taxes · Comment 

If you happen to be an overseas employee in the United Kingdom and the money you earn has a Qualifying Recognized Overseas Pension Scheme, or QROPS, there is a way to protect that pension. If your company has put you on a work furlough in the UK and you expect to be returning home, you can keep your pension through transfer. The only requirement is that the way you choose to make the pension transfer is approved by Her Majesty’s Revenue and Customs, or the HMRC.

In order to qualify for a pension plan transfer, you have to be a non-resident of the United Kingdom for a period of five years. If you intend to leave the country a transfer can made anytime in the year before you leave. If your work furlough goes beyond the five year mark, your pension can no longer be protected by the HRMC. It will be taxed in the same manner as any other person holding a job there.

This pension plan has many pluses. You do not have to pay inheritance tax and you can will all of your pension to the beneficiary of your choice. Any future creditors will have no claim to these funds and you can take this money out in whatever form of currency that you wish. Twenty five percent of the funds is automatically tax free; you do not have to purchase an annuity; or face a high tax charge.

Other benefits apply but those are the major ones that most find attractive. There is no known pension transfer known for its great flexibility. If you are unsure of what you should do, speak with an advisor that is trained in pension transferring.

The stability and safety of your funds are above question. Most people use the Channel Islands as their place of jurisdiction for both those reasons. Investment establishments located there have proven themselves to be above reproach.

I am sure you are wondering if your funds are now considered to be tax free, but that is not necessarily the case. Any account activity that occurs within five years of your leaving the UK, is reported to the HRMC. Beyond that time the HRMC has no right to what you do with your funds. Yet with British tax worries removed, you could be liable to taxation based on where you live and where you have placed your funds.

With the HRMC being the watchdog and ruling faction of pension transfers, they have compiled a list of places that meet with their approval. Just because you now have the names of places you know quite well, does not qualify you to make the transaction on your own. It is in your best interest to use an advisor, as many places will not accept applications unless it is done by a professional.

Pacing your pension in a secure account does not come free. Even if you locate an advisor who will assist you for free, the establishments that operate the QROPS do charge fees. Some of them will set their fee according to the amount you have set aside. Others will have a set fee, regardless of the amount of money. This is a choice that only you can make.

You can learn everything you need to know about QROPS pensions and get excellent QROPS advice on our website, now.