Some people have so much money that they do not have any idea of what to do with it. Often these people spend frivolously and sometimes this damages their overall wealth. In order to maximise the us... Some people have so much money that they do not have any idea of what to do with it. Often these people spend frivolously and sometimes this damages their overall wealth. In order to maximise the use their finances, some people hire financial advisors who step in and take control of a persons wealth management and put their money to good use. Financial Advisor are professionals who provide financial services to individuals, businesses and governments. Their services typically include the following: investment advice, insurances and mortgages. In Canada, the role of the financial advisor is varied as most of them are licensed to sell life insurance, securities or mutual funds, while more advanced licensing is required for the sale of derivatives and commodities to their clients. The role of a financial advisor is an integral part of maintaining the proper balance of a clients investment income and capital gains. They also have to be able to appropriately assess the level of risk involved in certain investments to ensure that their clients funds are being maximized. Financial advisors usually employ the following means to make money for their customers: stocks, bonds, mutual funds and flow through shares. Flow through shares are tax investments that have intense tax advantages and often significant refunds come tax refund time. This is one of the most highly desired Canadian tax saving strategies that financial advisors tend to bring up to their clients. Flow through shares primarily involve investments in the oil and gas industry, the mining industry, and the wind power industry. The investment is deductible against your personal income and after a certain period of time, your shares tend to roll over into a mutual fund which you are able to sell at any time. This turns fully taxable income into future tax advantaged capital gains. The catch of this entire scheme is that the higher your pay, the more you will be able to get out of this. As such, it is usually more applicable to those with a higher income as it is one way whereby may not have to pay high taxes on what you make. Source: Free Articles from ArticlesFactory.com This article was written by Jennifer Nobles. Jen is a promoter of good business and solid financial advice. She believe that strong finances, possibly with the help of a financial advisor, can help people tremendously and smart investing is the real path to securing a fruitful and stable future.