Matt Carvalho, Chief Investment Officer at Cardinal Point Wealth Management, was just quoted by the Globe and Mail in a timely article headlined “Direct Indexing Could Bring Enhanced Tax Opportunities to Canadian Investors.” The Globe and Mail sought insight from leading financial professionals including Carvalho, regarding what is known as direct indexing products. These offer investors greater flexibility than mutual funds and ETFS because you are able to harvest losses to minimize taxes – without having to sell your other better-performing holdings. Direct indexing is already available to U.S. investors, regardless of where they live. Now there is increasing industry interest in allowing direct indexing in Canada, as well. Read the full article to learn more, and find out what Carvalho and other financial pros shared regarding how direct indexing may help you with a more customized and potentially more profitable approach to investment and wealth management.
