Many people approach charitable donations as a way of giving back to the community. What they may not realize are the ways it can help reduce their tax burden now, in the future, and for their heirs. HCR Wealth Advisors is a registered investment advisory firm that shows clients how to do just that.
Many people aren’t financially savvy and don’t realize things like how stock donations can be tax-deductible or the best way to buy and sell stocks when trying to minimize taxes. HCR Wealth Advisors services high net worth individuals who have had success in business or other areas of life but need help managing their donations, eliminating large tax burdens, and optimizing how they use their cash. Proper management can also help make charitable gifts larger since the Internal Revenue Service is taking a smaller cut.
HCR Wealth Advisors seeks to establish relationships through education, trust, and service. Clients who understand what’s going on can feel more confident in their plans and the security of their future. One of the firm’s first steps is to develop a strategy to help clients reach their financial goals whether that’s retirement savings, leaving a legacy, minimizing taxes, or making charitable gifts. HCR Wealth Advisors also seeks to protect clients against risk by monitoring the latest trends and making adjustments as needed. As the firm creates personalized financial strategies, clients are able to take an active role in the process and make investments matching their goals and beliefs. Since it’s one of the firm’s goals to educate clients on investment strategy, involved clients who are meeting their charitable and other goals are one of HCR Wealth Advisors most important measures of success.
This article is provided for informational purposes only and should not be interpreted as investment advice.