The table below illustrates the differences in management expense ratios mer for the investor series and eseries units of the td index funds. Ive been using td s discount brokerage since 2009 when i made the switch from mutual funds to diy investing. Apr 14, 2016 ive been using td s discount brokerage since 2009 when i made the switch from mutual funds to diy investing. Mar 29, 2020 the td eseries funds are a darling of semidiy investors who want to lower their investment fees but are not yet willing or able to go fullbore with using a selfdirected discount brokerage account. Td waterhouse is a great choice for a canadian investor looking to manage their retirement account through a discount brokerage. As a bankowned online brokerage, it is able to offer clients the ability to manage multiple accounts including personal banking and products via the td online platform.
As a bankowned online brokerage, it is able to offer clients the ability to manage multiple accounts including personal banking and products via the td. Stepbystep guide on how to get a td eseries fund updated for. Td wealth represents the products and services offered by td waterhouse. Our advanced stock screener allows you to scan the market in order to find investment opportunities based on your predefined criteria.
How to open a td eseries efunds resp account million. One hopes that td waterhouse and bmo investorline among others. I am devouring personal finance books and i started reading etf investing as well. Resp lessons learned canadian personal finance blog. How to open a resp account at bmo investorline financial.
Td mutual funds were not where to leave my money for those of you who are not aware you can buy mutual funds at td from the td mutual funds portion of td, or you can open a td waterhouse trading account and buy any mutual fund, index fund, etf, etc. The maintenance fee replaces both the custody fee nonregistered accounts and annual administration fees registered plan accounts. They have excellent customer service and educational tools, combined with commissionfree mutual fund buying and switching. Sep 02, 2019 just one more comment on tddi td waterhouse resp accounts. What are the td direct investing maintenance fees and when will i be charged. If i was opening a new, barely funded resp, i would probably look into cibc investors edge because they have no minimum balance required for a no fee resp account. If so, i might have to move the resp out to another institution where they dont have fees for this. Make an appointment at your nearest td branch to learn more about banking, investing, borrowing, credit card services and more. The maintenance fee is charged to td direct investing accounts on a quarterly basis, in april, july, october and january.
Hope and help for the future 36 ian lebane, vp, tax and estate planner, td wealth, explains that, due to contribution and withdrawal limits and other rules, one plan per student, in some cases, may be easier from an administrative point of view for all concerned. Registered disability savings plan rdsp td canada trust. The major advantage of the td eseries is its low mer. Lets chat, facetoface at a td location convenient to you.
Taxes on income earned are deferred until the money is withdrawn. Moving from td mutual funds to td direct investment. Tds original brokerage, greenline investor services, was established in 1984. The federal and some provincial governments offer grant and incentive programs. It was also formerly used for tds american and british brokerages.
This fee does not apply to a transfer to another tfsa within td. So far it has been alright, the only downside is i believe i will have. Td eseries funds are changing their benchmark indexes to solactive ones, and. Greenline investor services merged with gardiner group stockholders in 1987, becoming the first canadian bank to. I was looking for a stock screener to help me narrow down my selections. Td ameritrade secure login for online stock trading and long term investing clients. Mail the completed form and proof of enrollment issued by the postsecondary institution to td direct investing the mailing address is located on the withdrawal form or drop it off at any td. A sample td eseries resp portfolio updated for 2020. At td direct investing, we help you achieve your investing goals with trading platforms for a variety of trades with competitive pricing that is simple and fair. How can i withdraw funds from my td direct investing resp. If you are opening an individual margin, cash, tfsa, or rsp, you can apply for your account online.
One of the best things about td direct investing fees is how clear and simple to understand they are. The best td waterhouse canada phone number with tools for skipping the wait on hold, the current wait time, tools for scheduling a time to talk with a td waterhouse canada rep, reminders when the call center opens, tips and shortcuts from other td waterhouse canada customers who called th. Td waterhouse eseries i currently have a td waterhouse eseries to pay back my rrsp which i took out for my first time home buyers plan. Learn more about their trading platform including current fees, accounts and services. Transferring your rrsp, tfsa, resp, and rrif between banks. Withdrawing money from the resp the smart way moneytalk. Td eseries resp beartrap canadian personal finance blog. A sample td eseries resp portfolio savvy new canadians. They do this for an mer fee very similar to what td offers, and hae no.
A complete simplified prospectus for td mutual funds consists of both part a and the related fund profile for the fund you are inquiring about. Foreign exchange fx products and services are provided by td bank, n. The legacy web design of td webbroker was clunky and difficult to navigate with 55 different navigational links. Rrsp mutual fund td canada trust vs td waterhouse just started looking to invest my rrsp savings with the mutual fund option. Dec 22, 2019 in a previous article, i discussed how to open a td eseries funds account and the pros and cons of using the eseries funds. Td specifically told me id have to pay a fee regardless of other household waterhouse accounts with them. It says you first have to open a regular resp mutual fund account, and then. Investment fees in the form of a management expense ratio mer form the bulk of fees that investors pay when they invest in traditional mutual funds. Ive held my rrsp, tfsa and resp accounts with td waterhouse since i started investing in stocks. Robert reid holds the chartered investment manager cim and fellow of canadian securities institute fcsi designations, and is a certified financial planner cfp. The simple guide to registered education savings plans. Td eseries for resp a few months ago i went to setup a resp with td for my 1 year old son. Resp grants can only be earned by kids who are living in canada while the child is living in canada, they are eligible to receive grants on any money contributed to the resp.
Just one more comment on tddi td waterhouse resp accounts. He and his team have been providing comprehensive wealth management advice to a select group of affluent families, business owners and corporations since 2004. Since banks promote the choice of resp accounts when parents open an resp account with a variety of options. Hopefully the move will encourage more investors to consider the.
With the mutual funds we presently own, the mer is approx. Td direct investing the best investment options in 2020. Resp grants can only be earned by kids who are living in canada. This form of withdrawal is known as a disability assistance payments daps 2, and can. The company believes in a fair and transparent pricing policy, which investors appreciate when they do a stock broker comparison before choosing to open an account with td direct investing. There are no trade commission fees when buying td eseries index funds through td direct investing. Once youve determined the type of resp withdrawal that applies to you, complete the resp withdrawal request form. Canadian capitalist has already written about this topic, and pretty much sums up what is required. What are the td direct investing maintenance fees and when. How to set up the safest, simplest and cheapest resp account. One of the first things we did after our kids were born was open an resp account. At that time, the td direct investing webbroker platform left much to be desired. You can screen stocks using both fundamental criteria and technical indicators.
Start sooner, save more maximize the amount saved by starting a savings plan sooner. The fee is waived if you have an resp balance over a certain amount, but in practice one. Mutual funds one morneau sobeco centre, suite 700 td. In case this helps anyone else, do make sure that you avoid a td direct investing td waterhouse account if you decide to go with eseries funds for an resp. There are no fees for buying and selling td eseries funds through this account, nor are there any fees for the account itself. The government doesnt publish a list of eligible or ineligible. Resp and specifically my interactions with td and associated universities. I notice that some institution, you need to pay yearly admin fees. By using easyweb, our secured financial services site, offered by td canada trust and its affiliates, you agree to the terms and services of the financial services terms, cardholder and electronic financial services terms and conditions andor. If your resp is with a financial institution opening a plan there is usually no charge to open an respresp see registered education savings plan. Td direct investing formerly known as td waterhouse discount brokerage is one of canadas largest discount brokerages.
As foreshadowed in the text, td direct investing waterhouse has. The gentleman we spoke to is a portfolio manager with td waterhouse private investment counsel. I have also summarized the basics of the registered education savings plan resp here. Welcome choose the right experience for you investor. For what its worth, i have the resp td waterhouse and also an rrsp account with tdwh with balance 50k. Resp portfolio update december 2012 million dollar journey. Dec, 2019 the major advantage of the td eseries is its low mer. The simplified prospectus for the td managed assets. Nov 02, 2009 rbc and td online have lower fees for some mutual funds bought online. The simplified administration fee structure instituted by rbc direct investing will help small investors avoid some annoying fees.
Td waterhouse is owned by the td bank toronto dominion canada trust. Familiarize yourself with your financial institutions resp withdrawal form and seek. The financial advisor told me that td eseries funds are not suitable for resp as they cannot receive canada education savings grant deposits. Robert reid, investment advisor, windsor, on td wealth. Its convenient, since most of my accounts are with td, plus the. Ian lebane, tax and estate planner, td wealth, adds that resps are a great. The company believes in a fair and transparent pricing policy, which investors appreciate when they do a stock broker comparison before choosing to open an account with td. For simplicitys sake, i bought these stocks in canadian dollars and held them in my. Td waterhouse is the brand used for a canadian brokerage within torontodominion bank. You can choose from one of 12 preset screening strategies designed by industry experts, or easily create your own. To qualify, an account statement must be provided showing transfer charges. Td waterhouse a subsidiary of the toronto dominion bank is canadian discount brokerage with a flat fee commission structure if you are a u. All prices are quoted and commissions charged in the currency of the trade.
Registered education savings plan resp rbc royal bank. This fee applies to each transfer of a td mutual funds tfsa to another financial institution. Start sooner, save more maximize the amount saved by starting a savings. Please note that a beneficiary designation on an rsp and a beneficiary or successor holder designation on a tfsa cannot be completed online. The resp, registered education savings plan is essential and free money for. Cibcs investor edge offers similar commissions for active traders.
A registered education savings plan resp is a governmentregistered plan that helps you save for a childs postsecondary education. Annual administration feeadministration fee the fees you pay to a financial institution for activities related to the operation. Td eseries has also become easier to hold inside your portfolio. He noted i can buy e series funds under the waterhouse account as. Rbc and td online have lower fees for some mutual funds bought online. Open an resp for no charge and pay no annual administration fees at rbc royal bank. The reid wealth management group is a part of td wealth private investment advice, a division of td waterhouse canada inc. Registered education savings plan resp td canada trust. Feb 08, 2019 td direct investing formerly known as td waterhouse discount brokerage is one of canadas largest discount brokerages. Td direct investing commission schedule and statement of. Questrade allows for free etf purchases meaning you wont have to.
A td eseries resp portfolio is an easy way to use index funds to grow your kids resp while saving on fees and maximizing your returns. Curious about how much it will cost to invest with td direct. Dec 19, 2012 unfortunately, if an resp transfer takes place from td canada trust to td waterhouse, and it is classified as an ineligible transfer i. When compared with your typical actively traded equity mutual fund at over 2. I do all my investing through a major online brokerage. When we had our first kid, we immediately opened an resp account for him with rbc and invested in their select balanced portfolio fund. A couple of readers in the resp strategy thread requested that i write about my experience opening a td e seriese funds resp account as it seems to be a popular choice for low. James is an investment advisor at td wealth private investment advice. Im a beginner investor with a small, diversified portfolio that includes a number of u. How to use a stock screener to find the best stocks. How to build an etf portfolio at td direct investing. Mail the completed form and proof of enrollment issued by the postsecondary institution to td direct investing the mailing address is located on the withdrawal form or drop it off at any td canada trust branch. Registered education savings plan resp td direct investing.
Jun 04, 2008 a couple of readers in the resp strategy thread requested that i write about my experience opening a td e seriese funds resp account as it seems to be a popular choice for low cost index funds. You can make as many mutual fund trades as you like for no commission, which makes this a good option for those who want to contribute monthly to their portfolio. Aug 27, 2012 when i started looking for some dividend stocks to add to my tfsa, one of the first places i went was the td waterhouse markets and research section. I asked them to waive the account fee on my resp and they did it right away, with no hassle. 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 direct investing simplifies administration fees. Dec 05, 2019 vanguard etfs are exchange traded funds composed of primarily the same basket of equities often called an index as the td eseries funds except that they have an even lower mer ranging from 0. Here are some changes that have cropped up since the books publication.