Keeping investments under one roof

Five benefits of consolidating your portfolio

The sturdiness of a house depends on its foundation, walls, and roof being skillfully assembled. The same holds true for your financial portfolio. Are your investments working together to build a strong financial home?

There are many financial institutions out there offering a wide range of products and services to help you build and maintain your financial worth. But if you’re juggling your investments through multiple institutions, you might be missing on some opportunities.

Here are five reasons why you might want to keep your portfolio consolidated within one institution. And of course, with the strong partnership between Aviso Wealth and BlueShore Financial, we recommend working with us to access the insights, resources and expertise you need.

1. Improved tax-efficiency

With all your investments in one place, it's often easier to spot tax-saving opportunities – for example, placing highly taxed interest-earning investments in your tax-deferred registered accounts such as an RRSP or RESP.

2. Better asset allocation

Determining your asset allocation is a lot simpler when all the information you need is in one place. Also, any overlap or duplication becomes clearer.

3. More accurate tracking

It's easier to monitor your progress towards your financial goals, like your retirement or your child's education.

4. Potentially lower fees

Consolidating may reduce the number and amount of account administration fees that you pay. You may qualify for reduced fees or higher interest on balances above a certain level.

5. Easier withdrawal management

Whether you need regular income from your investments or need to meet a one-time expense, a consolidated investment portfolio will make identifying the most effective options obvious.

With professional advice, you can consolidate your assets to get maximum effectiveness from your portfolio.

These are among the many benefits of becoming a member of BlueShore Financial. Visit your nearest branch or contact us today to learn more about how BlueShore Financial can fulfill all your banking needs.