When you're ready to discuss opening an account with one of our Investment Advisors, here is a useful schema to organize your thoughts, so that with proper advice you can choose the account type that is optimally suited to your needs.
By Specific Purpose
For example, a Registered Education Savings Plan (RESP) is intended to help you specifically invest for your child's post-secondary education. As an alternative, more sophisticated investors might turn to a formal or informal trust as a tax-effective education funding strategy.
By What it May Hold
Some hold a wide variety of investments (mutual funds, bonds, stock, etc.); others only accommodate one type (e.g., mutual funds). It's also possible to build a portfolio exclusively of private equity funds if your resources are robust and ambitions for growth focused.
By Your Level of Investable Assets
Some accounts are suitable for affluent individuals whose discretionary assets allow them to hold investments with high minimum requirements. Others offer the opportunity to work seriously towards your financial goals with less capital.
By Additional Features/Benefits Desired
CIBC Wood Gundy offers a multipurpose account that combines investment and financial management resources, including convenient and useful value-added features such as a credit card and chequing capabilities.
By How You Are Charged
Some accounts charge a commission for each trade; others offer an overall fee for the services provided – which we know many investors increasingly prefer.
By Your Involvement in Decision-Making
You can have ongoing involvement in managing your investments through your Investment Advisor. Or you can grant discretionary authority to investment professionals to manage your money on your behalf.
By the Protection it Offers
Your CIBC Wood Gundy portfolio may include alternative investments, such as segregated (or "seg") funds, a type of insurance contract that can offer some protection within specified limits. It may also include other forms of life and wealth protection to shield you from potential loss.
Use our Find An AdvisorOpens a new window in your browser. tool to locate a CIBC Wood Gundy Investment Advisor near you and take the first step to achieving the financial future you want.