Advisors Toolkit
Financial Advisors Toolkit
Introduction
The Financial Advisors Toolkit is designed to empower advisors with the tools, resources, and guidance needed to help clients achieve their charitable giving goals. From tax-efficient donation strategies to investment management guidelines, this toolkit provides everything you need to integrate GiveWise into your wealth management services seamlessly. With GiveWise, financial advisors retain assets under management and continue earning market fees, while empowering clients to grow their charitable impact through a Donor-Advised Fund.
Why Use This Toolkit?
Simplify client charitable giving.
Retain assets under management while earning market fees.
Offer tailored solutions aligned with client values.
Key Resources for Advisors
1. Investment Policy Statement (IPS)
The Investment Policy Statement (IPS) outlines the philosophy and guidelines for managing GiveWise’s investment assets. Highlights include:
Donor-Advised Funds (DAFs):
Clients contribute assets, receive immediate tax receipts, and recommend grants over time.
Balances over $25,000 can be managed by the advisor’s investment platform.
Investment Oversight:
Governed by the GiveWise Investment Committee under the Prudent Investor Standard.
You as the Advisor get to collaborate with your client to establish tailored investment strategies for the charitable assets.
Permitted Investments:
Publicly traded stocks, bonds, ETFs, mutual funds, and REITs.
Cash and cash equivalents for liquidity needs.
Restricted Investments:
Illiquid securities, private equity, and speculative derivatives (unless preapproved).
2. Gift of Publicly Traded Securities Instructions
Donating publicly traded securities is a tax-efficient way for clients to give. The process includes:
Completing the Donations of Securities to a Charitable Organization form through the client’s broker.
Using the following brokerage details:
Recipient: GiveWise Foundation Canada
Brokerage: BMO Investorline
Account Number: 239-13214
CUID: NTDT | DTC: 5043 | Euroclear: 90098
Giving Fund Username and Number.
Instructions for investment into a Separately Managed Account (if applicable).
3. Setting Up Client Accounts
Open a Giving Fund:
Clients set up a Giving Fund in minutes with an initial donation of cash, securities, or other assets.
Investment Management:
Manage Giving Fund balances over $25,000 on your platform.
Collaborate with clients to determine an investment strategy that aligns with their charitable and financial goals.
Granting Funds:
Approvals for grants, rebalancing, and liquidations are handled via email with GiveWise.
4. Tax Strategies for Charitable Giving
Leverage strategies like bunching to maximize tax benefits for clients with high-income years. Benefits include:
Avoiding capital gains tax on appreciated securities.
Receiving immediate tax receipts for donations.
Granting funds to charities over multiple years while taking advantage of one-time tax deductions.
Frequently Asked Questions
How are investments approved? All investments, rebalancing, and liquidations require GiveWise approval to ensure compliance with charitable guidelines.
What is the minimum balance for separately managed accounts? Accounts must maintain a minimum balance of $25,000 to qualify for separate portfolio management.
Can clients access their Giving Fund balances? Yes, clients can view updated balances and activity through their GiveWise accounts.
Contact Us
For additional support or to request resources, contact:
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