Rbc direct investing is another brokerage that looks like it hasnt been updated in a while. Legal disclaimer clients with an rbc student banking package in the last five years must also have a current personal deposit account with rbc. Some financial institutions will not allow you to have a joint resp account rbc direct investing to be specific so we had to make provisions for it to be assumed by the other spouse in the event of death. Stocks etfs mutual funds options fixed income securities. Rbc direct investing is a subsidiary of royal bank of canada rbc, canadas largest bank and one of the largest banks in the world, based on market capitalization. Has been an rbc direct investing client for less than six months this allows new clients. Ive got an account with rbc direct investing, well, 3 accounts rsp, nonregistered, and tfsa, same with my wife. Membercanadian investor protection fund, rbc global asset management inc. The company is a leader in diversified financial services and has over 80,000 employees and more than 16. They told us if this provision was not made in our will the resp would be collapsed and would be lumped into our estate. The unofficial rbc direct investing thread page 22.
Since banks promote the choice of resp accounts when parents open an resp account with a variety of options. Im a beginner investor with a small, diversified portfolio that includes a number of u. Rbc also gives you access to over 2,000 mutual funds and to fixedincome products like gics, and bonds. Trading commissionsfees canadian and us stocks and etfs. This phone number is rbc direct investing s best phone number because 1,050 customers like you used this contact information over the last 18 months and gave us feedback. The following charts show a selection of our broad and diverse bond and gic offerings, and list some of our most competitive rates. Rbc direct investing simplifies administration fees. Reach your someday with awardwinning brokerage, rbc direct investing. Best canadian online stock broker compare discount. Please contact an rbc direct investing representative for more details at 18007682560 18007682560.
Resp contributions are not tax deductible, but tax on investment income earned is deferred until the child withdraws the funds. Make betterinformed decisions with the help of buysellhold recommendations. Td eseries now available in rbc direct investing accounts. This phone number is rbc direct investings best phone number because 1,050 customers like you used this contact information over the last 18 months and gave us feedback. During the transfer, some of the book values or acb adjusted cost basis werent transferred and i was able to let them know of my original acb for performance tracking. He had a look at my current holdings for my kids resp and noticed it was all high paying dividend stocks with minimum growth potential. There is no minimum account size when opening a td direct investing account. Rbc investments professional wealth management our professionals provide expertise and a global outlook offering you a complete spectrum of premium wealth management solutions, including investment advice, financial planning, discretionary portfolio management, global private banking, trust services, insurance, estate planning and so much more.
What i have in my resp portfolio are the results of a late switch out of mutual funds and 12 years of investing. If your firm does have account maintenance fees, check for ways to avoid them. Nov 02, 2009 rbc and td online have lower fees for some mutual funds bought online. Plus, you may be eligible to build your savings faster with government grants and incentives. Rbc direct investing offers access to one of canadas largest online fixed income inventory. Rbc direct investing reserves the right to alter the benefits at anytime and to remove clients who no longer qualify for the program, without prior notification. Products and services may be offered by royal bank of canada or by a separate corporate entity affiliated with royal bank of canada, including but not limited to royal mutual funds inc. Taxes on income earned are deferred until the money is withdrawn.
As canadas largest online brokerage 6, we are dedicated to helping you invest for yourself, not by yourself. Jan 19, 2020 depending on the size of your account, you can negotiate with the receiving financial institution to cover some or all of the transfer fees. With rbc direct investing account you can trade both canadian and us equities. Whether it is building longterm wealth or generating a steady stream of cash flow from your savings, the rbc managed portfolios program is a sophisticated investment solution that delivers the crucial elements required to succeed in todays complex and fastpaced market environment. Rbc direct investing simplifies administration fees moneysense. Options trading rbc direct investing bollinger bands mt4. If you want no effort investing and good returns, you can own what i think is the best allinone mutual fund in canada the mawer balanced fund. Rbc online banking and telephone banking are provided by royal bank of canada.
When the funds are taken out for education, withdrawals are taxed in the students hands, often resulting in little or. Rbc mobile is operated by royal bank of canada, rbc direct investing inc. Investors can open an individual or joint account, make daily trades, and communicate with other investors. Registered education savings plan resp rbc royal bank. Rbc direct investings support includes a 1800 toll free number and a free overseas number. Aug 17, 2015 another feature i like, bmo investorline unlike rbc direct investing offers mutual funds from fund companies with low fees and decent performance such as mawer, leith wheeler and steadyhand. Invest for less with competitive pricing on commissions and fees at rbc direct investing. If you are investing with the intention of holding the funds for 20 years, the lower fees will net you at least another 20% growth.
The simple guide to registered education savings plans. No safekeeping charges for rbc gold or silver certificates. For simplicitys sake, i bought these stocks in canadian dollars and held them in my. If you dont have an rbc royal bank client card, you will receive an rbc direct investing client card in the mail shortly. Rbc direct investing options trading watch those online broker fees the globe and mail the globe and mail doityourself investors. Open an resp for no charge and pay no annual administration fees at rbc royal bank. Common problems addressed by the customer care unit that answers calls to 8007692560 include setup an account, question, complaint and other customer service issues.
An resp is a taxsheltered plan that helps you save for a childs postsecondary education faster. Clients must provide proof of transfer fee payment to rbc direct investing within six months of transfer to be eligible for reimbursement. Has signed up for a preauthorized contributions 10 i. Mar 02, 2020 questrade wins over rbc direct investing for paperless account opening questrade wins over rbc direct investing for overall user experience rbc direct investing wins over questrade for banking integration. Frequently asked questions rbc global asset management. The td e series would be the lowest costing funds you can buy around 0. Questrade wins over rbc direct investing for paperless account opening questrade wins over rbc direct investing for overall user experience rbc direct investing wins over questrade for banking integration. Transaction processing services provided by cachematrix software solutions llc. Then you have to wait 3 days or so for the money to be deposited to the resp and then you have to call rbc di for them to process it as an actual contribution that will attract grant money. Transferring your rrsp, tfsa, resp, and rrif between. The company is a leader in diversified financial services and has over 80,000 employees and more than 16 million clients in canada, the u. Mar 29, 2020 registered education savings plan resp this is an account set up to save for your childs postsecondary education. The mutual funds and index funds commonly available to average joes have high management fees, around 12% mer. Rbc investease, an online investing advice service, gives you a personalized portfolio recommendation in minutes and manages your investments to keep you on track.
Want a professionallymanaged portfolio without the guesswork. Individual firm results can be found by choosing the firm from any surviscor company page. Resp investment planning master dividend growth investing. I had to pay fees to transfer a couple of accounts and rbc direct investing kindly refunded me back the fees simply by faxing them the monthly statement. Rbc direct investing offers a variety of investment products, which allows for financial portfolio diversification. The fee is also waived if a client meets any one of the following criteria. Depending on the size of your account, you can negotiate with the receiving financial institution to cover some or all of the transfer fees. Without accounting for the adjustment, the investor would have understated their realized. Options trading rbc direct investing bollinger bands mt4 code. Customer support since rbc direct investing is part of the rbc family, it needs to offer the same stellar service that its millions of banking clients have become accustomed to receiving. About 30 websites of rbcdirectinvesting at topalternate.
Best online brokers in canada 2020 young and thrifty. Book value blunders canadian portfolio manager blog. I do all my investing through a major online brokerage. Save for a childs education and grow your investments as taxes are deferred.
How to build an etf portfolio at rbc direct investing. Registered education savings plan resp td direct investing. A portion of the management fee is paid by rbc gam as a trailing commission to the dealer. Rbc and td online have lower fees for some mutual funds bought online.
With access to a range of investments and government grants, a selfdirected resp can help lay the foundation for the education your children dream of. Rbc canada, rbc wallet, rbc rewards and rbc egift are operated by royal bank of canada. Rbc direct investing offers a wide range of investment choices to help self directed investors create a wellbalanced portfolio. Here about 30 popular account types, online investing, online trading, direct investing sites such as online investing and trading for canadians rbc direct investing. The unofficial rbc direct investing thread page 21. Starting this month, rbc direct will waive all account. Registered education savings plan resp rbc direct investing. To qualify, an account statement must be provided showing transfer charges.
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