Portfolio Design
Investing Structure
With unbiased, independent financial advice with no affiliation, there is no incentive for us to recommend one product or fund company over another. Our singular focus is helping you dream big and walking alongside you as you build a strong financial foundation to achieve those goals.
Our approach is evidence based, and we aim to build a cost-effective, diversified, and resilient portfolio.
We evaluate your current financial environment, risk tolerance, and long-term objectives to build a personalized investment strategy that supports steady growth.
Accounts
In collaboration with you, we create an investment strategy that is tailored to your financial goals and objectives. We evaluate your current financial environment, risk tolerance, and long-term objectives to build a portfolio that supports steady growth. At West Wealth Management we work with RRSPs, TFSAs, RESPs, and FHSAs, along with other specialized accounts, to build a strong investment plan that aligns with your needs & helps you move confidently toward your financial goals.
RRSPs
Registered Retirement Savings Plans (RRSP) are a savings plan registered with the Canadian government. Contributions reduce your taxable income and allocate your financial resources towards your retirement.
TFSAs
Tax-Free Savings Accounts (TFSA) are tax exempt investment accounts with yearly annual contribution limits. In a TFSA, investment returns (e.g., capital gains, interest, and dividends) are completely tax-free!
RESPs
Registered Education Savings Plans (RESP) are tax-sheltered plan that can help families save for their children’s post-secondary education. Contributions are tax-free until the funds are withdrawn to pay for an approved educational program.
RDSPs
Registered Disability Savings Plan (RDSP) is a tax deferred plan designed by the government to support individuals who are approved to receive the disability tax credit to save for their long term financial needs.
Charitable Giving
Charitable Giving accounts are specialized programs that allow individuals to give back to their communities or foundations they care about, and build a sizeable impact in a meaningful way.
FHSAs
First Home Savings Accounts (FHSA) are an effective tool for saving for your first home. In an FHSA, there are additional tax savings over an above a traditional RRSP. Contributions are tax deductible.
LIRA & IPP
Locked In Retirement Accounts are registered retirement accounts with various restrictions. Individual Pension Plans are specialized retirement investment accounts designed by an actuary.
Open/Non-Reg
Open or Non-Registered accounts are taxable holdings where returns such as interest, capital gains, and dividends are fully taxable.
Investment Options
We primarily work with Mutual Funds, ETF Mutual Fund Portfolios, and ETFs. While Mutual Funds and ETFs are the most common holdings, ETF Portfolios give similar diversification or indexing as an ETF while operating in the same environment as a mutual fund, and are typically more cost efficient.
Mutual Funds
Mutual Funds pool assets from many investors to purchase a diversified portfolio of securities (e.g., stocks, bonds, commodities, or alternatives) and are managed by expert portfolio managers.
ETFs
Exchange-Traded Fund (ETF) are a type of investment fund that holds a basket of assets (e.g., stocks, bonds, or commodities) but trade on the stock exchange.