Money Monday Recap

We had some great presentations from La Capitale and RBC at this week's Money Monday. Here are some highlights from La Cap:

  • Fees the same as the underlying mutual fund

  • 100% death benefit guarantee (up to age 75)

  • Available as TFSA, RRSP, LIRA, RRIF and LIF, not non-registered

  • Probate avoidance and potential creditor protection

  • Equity linked GIC available with no age limit

  • iPad based application

  • Insurance based GICs with no age limit

And from RBC we had an industry update which included:

  • 60% of Canadians are not familiar with segregated funds

  • RBC lowered MERs on all their balanced funds by 20bps, these prices are in-line or better than some of the competition’s HNW offerings

  • RBC also presented data showing how important it is to know a client’s spouse and children. If you don’t know your clients’ spouses and children, it’s unlikely they’ll choose your services when your client passes away

If you’d like more info about these companies, let Rick Gallant or I know and we’ll be glad to help out. Watch out for an announcement about a presentation from B2B and our next Money Monday is on April 30th when Desjardins and Sun Life will be presenting. Take Care, Scott Edgington Director, Investment Sales Qualified Financial Services Inc.