Frequently Asked Questions

1. What products do your offer?
2. Do you handle RRSP and RRIF plans as well as regular accounts?
3. How do you get paid?
4. Do you require a minimum investment amount?
5. What are the fees to open an account?
6. Why do you use a trust company?
7. Will I be able to make monthly contributions to my RSP account directly from my personal chequing account?
8. How do I open an account with you?
9. What protection do I have if your company closes?
10. Can I have your phone number?

 

1. What products do you offer?

GICs
We offer a full range of GIC rates and terms from over 30 different financial institutions.

Mutual Funds
We do offer most of the Mutual Funds that are on the market; however the ones we prefer are managed smart index funds with low management fees. These keep costs very low.

Insurance
Ask us about what insurance products we offer.

2. Do you handle RRSP and RRIF plans as well as regular accounts?

Yes.

3. How do you get paid?

With GICs, there is no cost to you. We are paid a finder’s fee from the financial institution that offers the GIC you choose.

The Mutual Funds and segregated funds we offer are done so on a zero front-end sales fee. We earn income based on the trailer fees paid by the mutual fund companies. The funds we recommend to diversify internationally charge approximately 1.7%. 1% of that is paid to us. We know costs matter, so the funds we recommend most often have lower management fees.

4. Do you require a minimum investment amount?

Our account minimum is $25,000.

5. What are the fees to open an account?

Accounts are opened at a trust company and have an annual custodial fee of $125 plus GST. We will cover the custodial fee on accounts with total assets of more than $200,000.

6. Why do you use a trust company?

We prefer to use a trust company because there are advantages when it comes to tax reporting, account statements and the consolidation of your investments, especially when it comes to your RSPs and RIFs. Once your trust account has been opened, you will not be required to provide identification each time you make an investment.

7. Will I be able to make monthly contributions to my RSP account directly from my personal chequing account?

Yes.

8. How do I open an account with you?

To open an account with us, we’d want to meet with you personally. Government regulations oblige us to personally verify your identification and witness your signature. Once your account is open, any following contact can be conducted by phone, fax or email.

We’re located in some lovely offices at the corner of Yonge and Bloor in Toronto, but we understand that not everyone is able to come to us. If that’s the case, call us. We can make other arrangements.

9. What protection do I have if your company closes?

When you open an account with a trust company, your cheques are never made payable to us.

All qualified GICs are insured up to $100,000 including principal and interest. This is done so by the Canada Deposit Insurance Corporation and the Deposit Insurance Corporation of Ontario.

Mutual Funds are not insured.

10. Can I have your phone number?

We knew you’d ask eventually. 416-323-5788.

Go ahead and read About Us.