Guaranteed Investment Certificates: Deposit instrument most commonly available from trust companies, banks and insurance companies requiring a minimum investment at a predetermined rate of interest for a stated term, ie one year, five years, etc. Generally non-redeemable and non-transferable prior to maturity, but there can be exceptions.
Segregated Funds: Investment funds maintained by a life insurance company and fully segregated from the company's general investment funds, as required by law. They are the investment vehicle for variable contracts, the values of which will vary according to the market value of the assets held in the segregated funds.
Mutual Funds: A mutual fund is an investment that pools your money with the money of an unlimited number of other investors. In return, you and the other investors each own shares of the fund. The fund's assets are invested according to an investment objective into the fund's portfolio of investments.
Wealth Management: A comprehensive service to optimize, protect and manage the financial well-being of an individual, family or corporation. It's basic definition covers advise on loans, investments and insurance to give a broad picture of how individuals should best deploy their financial resources. Proper tax planning results in increasing income, ensuring an orderly, cost-effective transfer of assets to heirs, and reducing income tax, accomplished through the following:
- Tax Exempt Life Insurance
- Pension Maximization RRIF Income
- Estate Bond TM
- Intergenerational Transfer
The information contained throughout our website is for Canadian residents only and does not consititute an offer to sell or a solicitation in any foreign jursidiction, or in any Canadian jurisdiction where Drover Financial Representative's are not licensed to sell.
