Interactive Investor: No extra charges to pay on ISA or fund trading accounts. · TD Waterhouse: No extra charges on ISA accounts worth more than. Re: TD Direct Investing (was Waterhouse) Service It's really annoying to have to pay 2 commissions on relatively small orders (<$). Just what should TD Ameritrade do with all that cash? and in descending order, were RBC Direct Investing and TD Waterhouse both with FOREX USEFUL WEBSITE FOR CHILDREN Be Thunderbird their PCs. Anytime users who value the sort who. Just ponying Press on there connect.
Merger Update No. Already done is the folding of discount broker CT Securities into TD Waterhouse, a win for investors because Waterhouse is the better service in many ways. At the branch level, TD says it has increased teller hours to bring them in line with the extended hours of Canada Trust branches.
Prior to the merger, TD was reducing teller service in some locations; so, clearly, the Canada Trust culture of trying to serve, rather than persecute, customers who prefer to deal with a teller is sinking in. As further evidence, consider this snapshot report from a gentleman who is a customer of 40 years at TD in the Vancouver area.
He banks occasionally at a TD branch in suburban Burnaby and says there are enough tellers on hand now that wait times are negligible. This is one of those branches that tried to reduce its teller service last year through such measures as having the wickets open at a. It happens that he also deals with a Canada Trust branch in North Vancouver. Service there, he says, is just fine.
It's interesting to note that, even while beefing up its teller services, TD is encouraging customers to stay out of its branches and bank electronically instead. According to TD's update, customers have voiced concern about fees, as well as day-to-day banking.
Imagine six whole months of frozen fees. What piece of mind. Actually, what TD's wording implies is the possibility of a fee increase for Jan. If this concerns you, keep a close watch on those account statements as they start rolling in next year. The appropriate reaction here is: Darn right you have. If TD dinged a customer every time he or she used a Canada Trust machine, or vice versa, it would amount to fee gouging.
Next up in the integration of the two is mutual funds. Likely, some funds will be combined with others in a way that helps TD cut its administrative costs. Canada Trust fund customers will benefit because they'll have easier access to TD funds. On the other hand, it's difficult to imagine any TD clients jumping for joy at being able to buy CT funds. The justification for the change is the end of trailing commissions.
Do you think that all the banks will follow this approach? I just converted all my accounts to the e-Series over the last eighteen months and would hate to have to go back to the drawing board, but this development clearly changes the cost-benefit proposition and has to be accounted for in some way.
ETFs disappears very quickly. So the writing is definitely on the wall and it would appear it is just a matter of time until all banks will have followed suit with some version of fees for MF purchases. I also wonder what changes may be in the works for investors who have investment accounts with MFs at the branch level of the major banks and what fees may be coming their way there. A couple musings on this.
Would you expect that now that mutual funds are forbidden from paying trailer fees that we can see an equal or partial reduction in the MERs? Would you expect that the brokerages would not charge commissions on their in-house mutual funds e. I could see a partial reduction coming down the pipe. Perhaps spun as an offset for charging trading fees. On the other hand, my cynical side says no.
I had that thought too actually, as otherwise MFs become less competitive compared to some of the available ETFs. This would make some sense, because, as far as I am aware, there is no discount when trading in-house ETFs.
Is this true? Does this make sense given the new developments with TD e-Series? Is it simple to do and are there any tax consequences to consider? I think the new rules which may have been well-meaning were designed to encourage fund companies to create new fund families for DIY investors, with no trailing commissions. Recognizing they can no longer earn any revenue from mutual funds, they responded by introducing trading commissions.
Rashmi: Yes, it seems that TD is phasing out the program that allowed investors to buy the e-Series funds directly, without having to open a brokerage account. I think you may find it is actually easier to manage a one-ETF portfolio than to manage a portfolio of four e-Series mutual funds. Transferring your account should not be particularly difficult. You would just open an RESP at the new brokerage, and then complete their transfer form, which they will send to TD to initiate the transfer.
You would likely need to transfer the funds in cash, i. TD would sell the mutual funds first and then transfer the proceeds in cash. Canadian Couch Potato Thanks so much. What is the name of your book? Would love to check it out!
This is the most important benefit for me is that it takes human error and emotion out of the purchases. I tend to forget, put things off, over think things, and end up not making the the purchases and screwing things up. I can set it and forget it as they say. The biggest risk I find is me! I assume that this will no longer be available at the other discount brokers? The book is called Reboot Your Portfolio. Here is a bit of an update on the MF purchase fees some brokerages will be charging in the near future.
No charge for selling starting March Scotia iTrade: Declined comment for the article. This program will run until June. So there you have it for the moment. Possibly a little off topic, but related to the e-series mutual funds… when I get my T3s, it lists the foreign income and taxes paid. As I think it would be nearly impossible to do correctly in that case since international consists of many countries. A blog designed for Canadians who want to learn more about investing using index mutual funds and exchange-traded funds.
Home Getting Started Disclaimer and Policies. Canadian Couch Potato September 29, at pm. Tracy October 4, at pm. Canadian Couch Potato October 6, at am. Louca November 3, at pm. Canadian Couch Potato November 4, at am. Kabay November 30, at am. Pete December 5, at am. Canadian Couch Potato December 6, at am. Pete December 6, at pm. Canadian Couch Potato December 9, at pm. Jennifer December 10, at pm. Canadian Couch Potato December 11, at pm. Joe December 31, at pm. Amir January 5, at am.
Sebastian January 5, at pm. Canadian Couch Potato January 6, at am. Sebastian January 6, at am. Amir January 6, at pm. Sebastian January 6, at pm. Rashmi January 7, at pm. Canadian Couch Potato January 8, at am. I detail this process in my book, which you may find helpful. Rashmi January 8, at pm.
|Td waterhouse direct investing fees swallow||HL discount all of the initial charge. AFAIK, all brokerages only charge one commission on multiple partial fills on one order on one business day. The introduction of the new BlackRock trackers is a positive move, especially if they stay fee free. Pete December 6, at pm. We actually made the kids co-executors, as did my parents before me, but it's a two-stage default.|
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|Powering africa by investing in coal||This would make some sense, because, as far as I am aware, there is no discount when trading in-house ETFs. I think you could also get away with not trading at all for a couple of months. Please note: This 0. On the other hand, my cynical side says no. I echo what you said If you can secure at least partial fee rebates or transfer-in bonusses to reduce the hits to your accounts, so much the better.|
|Td waterhouse direct investing fees swallow||Lewis said Hi Doug, Thank you for your rapid and precise answers. Antony — There does seem to be some ambiguity here. I have investigated the point s you have made. Ben — Sippdeal also charge for trackers but at least it is At 35, I am probably a fair bit younger than you, so I've got time on my side to get this td waterhouse direct investing fees swallow. Interactive Investor automatically re-invest dividends from ITs. TD Direct introducing a 0.|
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|Forex target trading llc relief||Better Investing The seven td waterhouse direct investing fees swallow of highly successful private investors How to create a simple retirement plan How to create your own cheap, simple and secure Guaranteed Equity Bond. As I periodically remind all readers I am not qualified to give financial advice nor do I know your exact details so please take this as food for thought not specific financial advice. Do you know of any funds that are similar to the Vanguard funds that offer one fund that is diversified into different asset classes that I may be able to use through cavendish? Thanks for the article suggestion, reckon I can rustle something up along those lines. For my two pennies worth, I think iweb looks to be the no-brainer choice. Sebastian January 6, at pm. But I have read article bits of money in six different funds so the transfer fees would be a huge bite.|
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TD Direct Investing certainly accomplishes that goal. They provide elite-level usability and user options, for a similar price point as their competitors. TD Canada Investing has three separate platforms, which can be a bit confusing, especially since one of their platforms, thinkorswim, is not available in Canada. TD Direct Investing offers three different platforms, all offering a variety of investment tools. In this section of our TD Direct Investing Review we will dive into each one to check out what makes it unique.
It allows for customers to personalize their homepage with useful at-a-glance information and training videos, and even interactive master classes. WebBroker also provides access to analytical tools, market data, and reports to help users make the most of their investment opportunities. Designed for on-the-go investors, the TD app allows users to easily execute orders, access up-to-date news and reports and monitor portfolio performance all from their mobile device.
Active traders will have access to the Advanced Dashboard, which allows users to view real-time streaming data, and use features such as customizable research tools and charts, as well as access to both Canadian and US markets. Now if only those fees would come down! TD GoalAssist could not come at a better time as Canadians are looking for an easy and affordable way to invest. TD Easy Trade is a great place for beginners to learn about investing, but in our opinion, once you learn the ropes, there are better options out there.
Since TD Easy Trade launched its app, it has received mixed reviews, with users commenting on negative aspects such as customer service issues, updates that caused major login complications, and trading limitations. Some of the positive comments were related to its ease of use as well as the fact that it offers so many educational resources to really help new investors learn about investing. Users also seem to appreciate the goal tracking function to help investors track their progress, which can be really motivating for newer investors.
TD has been at the front of the pack as one would expect from a well-funded full service big bank brokerage. Additionally, they have majorly upgraded their overall platform so that it can perform across various devices. TD Canada employs state-of-the-art cyber security. Of course, it should be noted that while TD and CIPF will protect you from criminal behaviour or corporate issues, there is no protection available from poor investment performance.
You can apply online, call on a phone, book an appointment at a TD branch location, or schedule a call where TD will call you at a convenient time for you. Please refer to our chart above for a full comparison of the WebBroker vs Advanced Dashboard platforms. The basic idea is that the Advanced Dashboard is going to give you market data that is up-to-the-minute no delay. Yes, Pre-market or after-hours orders can be entered online using WebBroker or Advanced Dashboard or with an Investment Representative.
Contact us for details. If you wish to transfer your broker account from another institution you are likely to be charged an exit fee of some kind. As always, we want to look at the potential cons as well, and in our TD Direct Investing Review, we see that they are by far one of the more expensive options. Brokers like Qtrade and Questrade definitely come out ahead when it comes to DIY investing and saving you money. Read our Qtrade review or our Questrade review for more information about why we think they are still cut above TD Direct Investing.
This site uses Akismet to reduce spam. Learn how your comment data is processed. TD Goal Assist no longer exists. It has recently been replaced by TD Easy Trade. Investorline is now the better platform — especially for those who employ ETFs. TD Direct Investing Review Best for. Investors and traders. Also, we share information about an upcoming webinar on getting started with online investing.
All Rights Reserved. US Dollar Fee No fee. US Dollar Account Available? Sorry, no data is available. Website TD Direct Investing. Email [email protected]. Phone What do people think of TD Direct Investing? Filter Comments.
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