For Financial Advisors: Getting Started
Financial Advisors and GiveWise
Why Partner with GiveWise as an Advisor?
GiveWise empowers financial advisors to integrate charitable giving into their clients' wealth management strategies seamlessly. By partnering with GiveWise, advisors can:
Help clients optimize their tax strategies through effective charitable giving.
Offer a Donor-Advised Fund (DAF) solution that provides flexibility and control.
Retain assets under management (AUM) while earning fees.
Strengthen client relationships by offering tailored giving solutions that align with their values.
With GiveWise, financial advisors retain assets under management and continue earning at-market fees while empowering clients to grow their charitable impact through a Donor-Advised Fund.
Key Benefits
1. Tax Optimization
Clients can donate appreciated securities directly to avoid capital gains tax while maximizing the charitable impact.
Leverage strategies like structured flow-through share donations to maximize deductions in high-income years.
2. Retain Investment Control
Accounts with balances over $25K are eligible for investment growth under your management.
Clients benefit from familiar investment strategies while growing their charitable funds.
3. Streamlined Giving
Centralized platform for all charitable activities, including a single tax receipt and detailed giving history.
Clients can make grants to any registered Canadian charity anytime, from any device.
How GiveWise Works for Financial Advisors
1. Opening a Giving Fund
Clients can open a GiveWise Giving Fund in just 5 minutes.
Assets such as cash, appreciated securities, or other assets can be donated.
Clients receive an immediate tax receipt.
2. Flexible Investment Management
Advisors manage the donated assets within GiveWise’s flexible investment policy.
Clients’ Giving Funds grow, increasing their charitable impact over time.
3. Granting Funds
Clients use the GiveWise platform to grant funds to any registered Canadian charity.
Grants are processed efficiently, with investment liquidations requiring a simple liquidation approval.
Optimize Tax Strategies with Donor-Advised Funds
Donor-Advised Funds (DAFs) offer an innovative solution for clients looking to:
Separate tax decisions from the timing of charitable giving.
Donate appreciated assets to maximize tax advantages while supporting charitable causes.
Continue investing assets to grow their charitable impact over time.
Example:
If sold and then donated, they'd pay capital gains tax on $700. Instead, by donating the shares directly to a DAF:
They avoid the capital gains tax.
Receive a tax receipt for $800.
$800 is available for granting to charities, maximizing both tax benefits and charitable impact.
Learn More
To explore how GiveWise can enhance your advisory services, contact us at [email protected] or visit our website at www.givewise.ca. Together, let’s empower your clients to grow, protect, and share their wealth while making a meaningful impact.
Unlock all the benefits of GiveWise—visit GiveWise.ca
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