Category: Blog

The Value You Get from a Financial Advisor

Robo-advisors are on the up. These digital platforms that provide automated, algorithm-driven investment services with little to no human supervision are cheap. But anyone who’s ever had home renovations would agree, “cheap” often ends up costing more in the end. After trying to save a quick buck, you often end up hiring a professional to fix the substandard results. “A Rising tide floats all boats…only when the tide goes out do you discover who’s been swimming naked.” Warren Buffet A financial advisor acts…

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When to Incorporate Your Business

A corporation can be a fantastic financial planning tool. It gives flexibility on how to pay yourself, saves taxes, and helps to accumulate significant wealth. So, when is the right time to make the move and get incorporated? Accountants will often give you two fallback answers, these are: only when you have money left over in the corporation and only when you’re making over $200k per year. The problem is this advice is very generic and if you don’t do…

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How To Structure Your Investment Portfolio

One of the things we’ve observed among many business owners and incorporated individuals is that they measure the success of their investment portfolios strictly by its rate of return, without considering the bigger picture. When it comes to your investment strategy, tax plays a major role in your net rate of return of your overall investment portfolio. And if your portfolio isn’t structured effectively, you can end up paying significantly more tax. This is why the rate of return on…

Product-Driven Vs. Fee-Based Financial Planning

One of the things that we’ve recognized over in the financial planning industry over the years is that it has been very product-focused. Financial advisors are incentivized to sell specific insurance and investment products to their clients in exchange for commissions. So let me ask you a question: do you want to buy a product or do you want valuable intellectual property and financial advice? At Ocean 6, we have transitioned to a full fee-for-service and fee-based financial planning model,…

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