When you invest with Mirador, you don’t just benefit from our portfolio management focus on wealth preservation and investment income. You also get access to our comprehensive wealth advisory services. We assist our clients in making informed decisions about their finances to achieve their goals and to help secure their financial future so they can live their desired lifestyle throughout their retirement years.
We take a holistic approach, considering various aspects of our clients’ financial life, and where relevant, that of their family. This includes financial planning, cash flow planning, tax, retirement and estate planning, and ensuring each of these pieces are integrated into an overall plan and your investment portfolio. We know each client’s financial status and aspirations are different, so we tailor our advice and guidance to each individual or family.
The study of behavioral finance that is so important to Mirador’s investment approach is also applied to our wealth advisory services. We use our understanding of behavioral finance to ensure that our knowledge of our clients goes well beyond the typical investment firm’s check boxes for people’s objectives, risk factor and time frames. And if you are interested in going one step further, you may participate in our investment personality study that provides an even more in-depth analysis of your investor characteristics.
For clients depositing initial capital of $500,000 or greater, Mirador Corporation will provide an initial financial plan and continuing wealth advisory support if requested. Otherwise Mirador will provide a plan and Wealth Advisory Services on a fee-for-service basis . The fee will be based on the hours of work required, which depends on the complexity of the situation. Typically an initial financial plan will cost approximately $1800 Canadian dollars.
Financial planning is critical to ensure a secure and stress-free future without having to change your lifestyle. It serves as a strategic roadmap to guide you towards achieving your financial goals.
Financial planning is not as straightforward as it may seem. It starts with having a clear understanding of your annual after-tax cash flow needs to allow you to live your desired lifestyle throughout your life. It then involves careful assessment of all your income sources and identifying the most tax-effective strategies for utilizing this income to meet your cash flow needs. All while ensuring there is money left at the end of your life to fulfill any legacy plan that you may have to efficiently pass on your wealth. This can get quite overwhelming without the help of an expert.
At Mirador Corporation, we will put your mind at ease by creating a dynamic plan that can weather economic fluctuations and unexpected market challenges. We will then integrate this with your portfolio management so that your investments are working for you to achieve your goals. Financial planning is the first step towards attaining a secure and prosperous financial future and your wealth advisor at Mirador will guide you towards a solid financial foundation.