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Email this4:25 am
March 30, 2017
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Pewter said
Yes $125 per year for each wife and I. No balance will waive that fee.
Are you saying a full service broker charges $125 per year fee regardless of asset size ? If so why would one be surprised ? There is a difference between full service vs discount broker. But then why would someone needs a full service brokerage account for self direct investing ?! Discount brokerage has been around since the late 1980s !!
Also if ur account is ‘big enough’, annual admin fee can be waived. There are lots of arrangement method to ‘reimburse’. Just like advisor fee can be negotiated.
7:48 am
September 11, 2013
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Online search will show all kinds of articles like these two, might to helpful.
https://www.moneysense.ca/save/investing/best-online-brokers-in-canada/
9:11 am
May 11, 2023
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Thanks.
9:23 am
October 27, 2013
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Just remember that online brokerage rankings in those links are skewed towards equity trading and low cost trading, not buy and hold GIC accounts. None of them outside the big bank discount brokerages may rate above zero for GIC accounts. Some do not even provide the option to purchase GICs.
Rankings always depend on what one is looking for and thus rating factors. For example, I rarely agree with the various rankings from MoneySense, Rob Carrick et al because I rarely trade an equity and that feature is of negligible value to me.
11:32 am
August 14, 2023
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I'm an active trader on Itrade , or at least I was until they replaced their trading platform . I find it (Trade Pro) an inferior and unacceptable replacement for active trading, and always will be. I 've made the decision to leave Itrade. But I'm finding this easier said than done. It seems like brokerages are like supermarkets, can't find everything I want or need at one place. I might be asking for too much. I'm looking for an excellent active trading platform, self direct Gic's section, level 2 , and all for the lowest price . Anyone else aggravated by Itrade's new trading platform?
Trader first, Saver second
1:51 pm
May 11, 2023
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TINAisOver said
I'm an active trader on Itrade , or at least I was until they replaced their trading platform . I find it (Trade Pro) an inferior and unacceptable replacement for active trading, and always will be. I 've made the decision to leave Itrade. But I'm finding this easier said than done. It seems like brokerages are like supermarkets, can't find everything I want or need at one place. I might be asking for too much. I'm looking for an excellent active trading platform, self direct Gic's section, level 2 , and all for the lowest price . Anyone else aggravated by Itrade's new trading platform?
I started on TradeFreedom (owned by BNS) then on to the old iTrade you are talking about. I assume now that BNS now has rolled all 3 trading platforms into the new one that your are talking about. I'm aggravated with BNS overall!!
Good luck on leaving. If you find something that suits you ... let us know.
5:36 pm
November 18, 2017
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Pewter:
Yes $125 per year for each wife and I. No balance will waive that fee.
But how many wives do you have? 
RetirEd
6:15 pm
May 11, 2023
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So for the full service Dominion Securities here are some of my findings.
Most look for $250,000 minimum.
One only accepts $500,000 minimum.
$125 plus taxes, annually, per RIF account.
.25% is their commission for any GIC.
1% on TFSA accounts for GICs and they won’t do GICs.
7:45 pm
October 27, 2013
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As we have been suggesting for a number of posts, avoid full service brokerages when one can DIY at essentially zero cost.
7:52 pm
May 11, 2023
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Yes I know. Just letting everyone know of my findings.
7:44 am
April 6, 2013
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The ¼%-per-GIC-year commission is embedded. One will receive the the yield quoted in those GIC lists.
RBC Dominion Securities will waive the RRIF annual fees if one signs up for an Advisor account and pays an annual management fee. The question is then whether or not the other services included, like financial, tax, and estate planning, are worth it for the annual management fee on the GIC ladder.
For the annual management fee, the advisor isn't going to be able to do much for the ladder of GIC's itself, except assign the client the ¼%-per-GIC-year commission.
Please write your comments in the forum.