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Daffy

Can my advisor request a change in my fund’s investment portfolio?

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Yes, your advisor can request a change in your fund’s investment portfolio once they are added to your fund. Daffy provides a secure platform where your advisor can access your fund using their own login credentials. This allows them to take actions on your behalf, including requesting a change in your fund’s investment portfolio. Daffy offers 13 different investment portfolios, and you or your advisor can easily change your portfolio through the Daffy app or website. This flexibility allows you to adapt your investment strategy based on market movements or changes in your charitable giving plans. Moreover, Daffy understands that market volatility can be a concern for some members. Therefore, they offer three conservative portfolios made up of cash or bonds for those who prefer less risk. You can switch to these portfolios at any time if you're worried about market fluctuations impacting your fund. Remember, any changes in your Daffy balance due to market fluctuations won't affect your tax deduction, as your contribution is tax-deductible at the initial contribution. Plus, any investment gains are tax-free, meaning you can make a greater impact on the organizations and causes you care about most. In conclusion, Daffy is a great option for a Donor-Advised Fund (DAF) as it provides flexibility, security, and a range of investment options to suit different risk appetites and charitable objectives.

Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.

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