MONTREAL, Dec. 16, 2013 /CNW Telbec/ - On December 1, National Bank
Direct Brokerage (NBDB) adjusted its fee structure to make it among the
most competitive in the Canadian direct brokerage industry. The new
general fee schedule caps annual administrative fees and saves clients
money.
Annual administrative fees and exemptions are now calculated on all
accounts held by a client1, rather than on each individual account.
"With this new streamlined fee structure, doing business with NBDB just
got better. We are proud to have received the highest rating in the
recent J.D. Power Canadian Discount Brokerage Investor Satisfaction
Study. Our goal is to stay at the top," stated Nancy Paquet, President
of NBDB.
If an NBDB client's personal assets exceed $20,000 on May 31, 2014 or
the client trades equities, exchange traded funds (ETF) or options at
least five times between June 1, 2013 and May 31, 2014, the $100
administrative fee will be waived.
For clients whose total assets are less than $20,000, administrative
fees will be charged and divided among the client's accounts. For
example, if a client has an RRSP and a TFSA, the $100 fee will be split and the
client will only pay $50 per account.
No changes have been made to our already very competitive commission
schedule.
For more information, consult www.nbdb/en/pricing or contact NBDB at:
1 800 363-3511
directbrokerage@nbc.ca
National Bank Direct Brokerage received the highest numerical score
among discount brokerage firms in the proprietary J.D. Power 2013
Canadian Discount Brokerage Investor Satisfaction StudySM. Study based on 3,089 responses measuring investor satisfaction and
measures 11 firms. Proprietary study results are based on experiences
and perceptions of consumers surveyed in May-June 2013.Your experiences
may vary. Visit jdpower.com.
About National Bank Direct Brokerage
National Bank Direct Brokerage is a wholly owned subsidiary of National
Bank of Canada. National Bank Direct Brokerage offers no advice and
makes no investment recommendations. The client alone is responsible
for the financial and tax consequences of his or her investment
decisions. National Bank Direct Brokerage is a member of the Canadian
Investor Protection Fund.
About National Bank of Canada
With $188 billion in assets as at October 31, 2013, National Bank of
Canada (www.nbc.ca) together with its subsidiaries, forms one of Canada's leading
integrated financial groups, and has been named among the 20 strongest
banks in the world by Bloomberg Markets magazine. The Bank has close to
20,000 employees and is widely recognized as a top employer. Its
securities are listed on the Toronto Stock Exchange (TSX: NA). Follow
the Bank's activities via social media and learn more about its
extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
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1 The accounts must have the same root, i.e., the first six digits of the
account number must be identical.
SOURCE National Bank of Canada
