Frequently Asked Questions

What documents do I need to bring to start?

To begin your bespoke service of Youvic Wealth, we require no initial documents to initiate your private wealth journey. We can recommend which documents to prepare on providing after discussing what your goals are. At that point we will follow up by looking into your accounts and maximizing your wealth accordingly.

What makes Youvic Wealth bespoke?

By means of bespoke, Youvic Wealth will cater to all of your needs to suit the investments you make to maximize your own wealth. We will construct a plan made for you highlighting the strengths and areas of growth of your current accounts. Our recommendations will deliver you the best results, optimizing your accounts to fit your desired financial goals.

What are the advantages of wealth management?

Wealth management is a broad category that involves the optimization of a client’s portfolio, taking into consideration their long and short term goals, and comfort with risk. Wealth management can be practiced on a portfolio of any size, making it versatile and geared towards a healthy financial journey for each client.

WHY INVEST IN A TFSA?

A TFSA (tax-free saving account) allots you the opportunity to save money in suitable investments and watch those savings appreciate and grow. A TFSA further offers dividends, interest and capital gains all tax-free. The convenience aspect of TFSA allows savings to be withdrawn from your account at any given time, also tax-free. With no barrier to withdrawals and your investment compounding throughout the years, there is really no reason to not open up this convenient savings account, created by the Federal Government of Canada to help you grow your money tax free.

WHAT IS MORTAGE INSURANCE PROTECTION?

Nothing different than life insurance protecting the funds you have borrowed from the bank to buy your home or property, however, you can protect your family first before you pay off the loans.

EXPECTING A BABY, WHAT CAN I DO NEXT?

Review your protection plan, ensure you have adequate life insurance, and consider critical illness insurance. Then, begin researching RESPs for the child because education is the best legacy gift of all.

WHAT IS THE BENEFIT OF HAVING AN ESTATE PLAN?

An estate plan protects your wealth and optimizes asset relocation to minimize taxes and increase your net worth.

WHAT IS THE GOAL AND OUTCOME OF OPENING AN RESP FOR YOUR CHILD?

The goal is to provide your child with the best education possible. The outcome is to benefit from the Canada Education Saving Grant and other grants that are available.

READY TO BUY MY FIRST HOME, WHAT NEXT?

Our bespoke financial plan offers strategies on optimizing the purchase of your first home

What happens if I over-contribute to my RRSP?

There are some tax implications and penalties, always review your notice of assessment to ensure you are within the contribution room available.

WHERE DO I BEGIN IF I WANT TO START INVESTING?

Connect with us. We can develop a Bespoke strategy especially for you. You can go to the bank and open a self-directed account.

Building wealth is never simple. You need partners that know-how.

CAN I MOVE MY EXISTING ACCOUNTS TO YOUVIC WEALTH?

You can move your existing accounts to Youvic Wealth if it aligns with your financial goals, which varies on a case-by-case basis.”

WHY IS IT IMPORTANT FOR WOMEN TO BE INCLUDED IN FINANCIAL DECISIONS?

Simply because today women earn, invest and are wealthy like never before. Women in leadership roles today need leadership investment advice. Women are savvy investors however they need to relate and build relationships with those they select to be in their journey of building wealth.

Connect with us

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202-4255 Sherwoodtowne Blvd. Mississauga, Ontario, Canada, L4Z1Y5

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+1 905 279 9995

+1 416 832 4014

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+1 905 279 9994

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info@youvicwealth.com