One wonders how long Scotia will allow free access to PH&N....The PH&N issue.
RBC Direct Investing (formerly Action Direct) experience
- Shakespeare
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- Bylo Selhi
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Then hold PH&N funds directly with PH&N. It's a bit cumbersome to get money to/from your regular brokerage account but in my experience PH&N does everything they can to expedite transfers in either direction.Shakespeare wrote:One wonders how long Scotia will allow free access to PH&N....The PH&N issue.
There are many other options, especially if you deal directly with the fundco, e.g. PH&N, SteadyHand, Mawer, Saxon, etc. Some discount brokers also offer these funds without sales charges. Also some bank funds, the original Trimark Canadian and Trimark Fund, etc., even with trailers, charge significantly lower than average MERs.Beek wrote:The TD e-series funds are only index funds, correct? That makes RBC's D-series rather interesting if you want some active management.
Sedulously eschew obfuscatory hyperverbosity and prolixity.
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Something that would be nice is if Direct investing would allow you to pay an annual fee and then invest in f class funds. I've read of a couple of discount brokerages that do that, but they don't seem to allow the convenience of buying and selling and moving money from your bank account online, plus I wonder about the reliability of the companies because I have hardly heard of them.
- Shakespeare
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From RBC's T's and C's on the offer....
The 1% cash incentive is conditional upon the Transferred Assets remaining in your Account until 4:00 p.m. (EST) on May 31, 2007 (the “Hold Date”).
The 1% cash incentive is payable the week of June 25, 2007 and will be calculated using the market value of the Transferred Assets as of the Transfer-In Date, as determined by RBC DI in its sole discretion, minus any net cash withdrawals from your Account between the Transfer-In Date and the Hold Date. The maximum amount payable under this offer is $2,500 per account type or $10,000 per client.
- parvus
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Got a letter yesterday from RBC saying that because I have an RBC Visa and an investment they will waive the $4 per month banking charges. Problem is, I was thinking of shifting my RBC Dividend fund to my Action Direct brokerage account to take advantage of the management fee reduction. That doesn't count as an RBC investment.
Wovon man nicht sprechen kann, darüber muß man schweigen — a wit
finiki, the Canadian financial wiki Your go-to guide for financial basics
finiki, the Canadian financial wiki Your go-to guide for financial basics
Leave 500.00 in the dividend fund at the branch. That will qualify. so the 1% or $5.00 extra you pay in MER will save you 12X 4$=48.00parvus wrote:Got a letter yesterday from RBC saying that because I have an RBC Visa and an investment they will waive the $4 per month banking charges. Problem is, I was thinking of shifting my RBC Dividend fund to my Action Direct brokerage account to take advantage of the management fee reduction. That doesn't count as an RBC investment.
Cheers
- parvus
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Thanks! I'll look into it.
Wovon man nicht sprechen kann, darüber muß man schweigen — a wit
finiki, the Canadian financial wiki Your go-to guide for financial basics
finiki, the Canadian financial wiki Your go-to guide for financial basics
Yeah, we should be seeing something this week. Anyone know how they can contribute to a RIF / LIF directly? I'd prefer they put the cumulative sum in one of our non-registered but suspect they'll want to put the right amount in the right account. (based on the #'s)BRIAN5000 wrote:Wow 1% bonus for moving money to RBC, I missed that. I tried TDCanada trust the other day. All I wanted was two MP3 players ( @$500.00 ?) for moving half a mil. brokerage account. Of course they said no.
I was told last November that the funds would be credited to each of the accounts as a 'negative fee'. And therefore the $ would not be included in a tax slip, i.e. not taxable.lystgl wrote: Anyone know how they can contribute to a RIF / LIF directly? I'd prefer they put the cumulative sum in one of our non-registered but suspect they'll want to put the right amount in the right account. (based on the #'s)
AltarRed, when I withdraw it from my RIF, it would be taxed though, wouldn't it? Then again, how does one withdraw a "negative fee"?AltaRed wrote:I was told last November that the funds would be credited to each of the accounts as a 'negative fee'. And therefore the $ would not be included in a tax slip, i.e. not taxable.lystgl wrote: Anyone know how they can contribute to a RIF / LIF directly? I'd prefer they put the cumulative sum in one of our non-registered but suspect they'll want to put the right amount in the right account. (based on the #'s)
Yes. I imagine it will be taxed just like any other withdrawal. The negative fee should simply be another asset of the RIF. Sorry for the confusion. My comment above was focused on taxable accounts.lystgl wrote:AltarRed, when I withdraw it from my RIF, it would be taxed though, wouldn't it? Then again, how does one withdraw a "negative fee"?
Guess I'll just have to wait and see. One or two more sleeps and we should find out how they get around putting monies (even as negative fees) directly into RIF/LIF accounts without first going into an RRSP. I'd phone them and ask but don't want to upset the apple cart this close to D Day.AltaRed wrote:Yes. I imagine it will be taxed just like any other withdrawal. The negative fee should simply be another asset of the RIF. Sorry for the confusion. My comment above was focused on taxable accounts.lystgl wrote:AltarRed, when I withdraw it from my RIF, it would be taxed though, wouldn't it? Then again, how does one withdraw a "negative fee"?
- Shakespeare
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- Shakespeare
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Here.What were the terms to get the 1% ?
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