How Many Accounts Do You Really Need?

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.

Related articles

All-In on U.S. Stocks – Wise Move or Risky Strategy?

In the latest episode of “Think Smart with TMFG,” Senior Financial Advisors Rob McClelland and Mike Connon from Assante Capital Management delve deep into a daring investment strategy: putting 100% of your assets into U.S. stocks. Highlighting an int…

Read More →

2023’s Most Valuable Companies

In this episode of Think Smart with TMFG, host Rob McClelland and Mike Connon, Senior Financial Advisors of Assante Capital Management Ltd., delve into the world’s most valuable companies in 2023. They offer insights into the various sectors these co…

Read More →
Financial Planning  Tightwads and Spendthrifts Which Way Works Better? Podcasts

Financial Planning Tightwads and Spendthrifts Which Way Works Better?

Today Financial Advisors Rob McClelland and Mike Connon discuss financial planning and spending in relationships. This insightful episode of Think Smart with TMFG, delves into the financial dynamics in relationships, pitting ‘tightwads’ against ‘spen…

Read More →

Financial Planning Advice from Canada's Top Financial Advisors

Sign Up To Receive Email Updates On The Financial Industry And Complimentary Workshops.

By providing your e-mail address you provide The McClelland Financial Group of Assante Capital Management Ltd. with your express consent to send you electronic communications. If you choose to discontinue receiving e-mails, you may withdraw consent by contacting [email protected].

FREE RESOURCE

Get actionable financial insights from the Top financial planners in Toronto.

Toronto's Top Financial Advisors
Copyright Assante Wealth Management. © 2022

Disclaimer | Assante advisory services are offered through Assante Capital Management Ltd. Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. The services described may not be applicable or available with respect to all clients. Services and products may be provided by an Assante advisor or through affiliated or non-affiliated third parties. Some services and products may not be available through all Assante advisors. Services may change without notice. Insurance products and services are provided through Assante Estate and Insurance Services Inc.

We have a team of advisors each specializing in varying portfolio sizes. Please let us know the approx. amount of your investable assets to help us to direct you to the advisor that is best suited to you.