Products and services

National Bank Financial offers a wide array of products and services to help you achieve your financial goals.

Accounts

Your accounts must fit your needs, whether you wish to manage your investments, save for your retirement or finance your child’s education.

National Bank Financial – Wealth Management gives you access to a wide variety of accounts tailored to your personal financial needs. Each provides sought-after benefits to fulfil a particular purpose.

Whether you wish to have an account that allows you to manage your investment cash flow, help you save for retirement, finance your child’s education, or put money aside for a rainy day or that special project, your advisor has the resources you need to help you find the solution that is right for you.

Cash account and Margin account
The Cash account is an account in which you deposit money to settle your trades. When you sell or buy a security, the transaction amount is debited or credited to this account at the date of the trade. Furthermore, any cash balance left in your account benefits from highly competitive interest rates.

The Margin account offers the same characteristics as the Cash account, in addition to a credit margin that is based on the value of your eligible holdings. This allows you to borrow from it by leveraging the securities you hold in your portfolio, which are then used as collateral.

Both Cash and Margin accounts can be held in Canadian or U.S. dollars.

If in addition to your investment portfolio you have one or several bank accounts that you use for your day-to-day transactions, our FullAccess service can be highly beneficial for you. With this service, your investment account becomes as practical and versatile as your regular banking account. It allows you to: 

Gain access to your investment account at all times;

Pay for all of your purchases, mortgage and even car note directly from your investment account; and 

Group all of your assets in one place to facilitate the management of your investments and daily transactions.

To learn more about these accounts or to open a cash account, contact your investment advisor.

Registered accounts: RRSP, RRIF
These accounts are designed to hold investments you want to keep in a tax-deferred plan, such as a registered retirement savings plan (RRSP) or a registered retirement income fund (RRIF). They allow you to accumulate dividends, interest and capital gains without paying taxes on this income until it is withdrawn.

To learn more or to open a registered account, contact your investment advisor.

Registered education savings plan (RESP)
The Registered Education Savings Plan (RESP) is the most popular plan when it comes to saving for your children’s education. This government-sanctioned program allows you to set money aside, sheltered from taxes, until your children begin their postsecondary studies. At that time, we will pay out the accumulated sum to help you finance their studies.

There are two types of RESP: individual and family:

Individual RESP
Family RESP
Beneficiaries
One sole beneficiary, related or not to the subscriber.
One or several beneficiaries related by blood or adoption to the subscriber.
Maximum age
No age limit.
Beneficiaries must be under the age of 21.
Distribution Contributions, withdrawals and payments are all associated with only one beneficiary. Distribution of the contributions among the beneficiaries is to the discretion of the subscriber.
If your child does not continue education after high school A new beneficiary can be designated in its place. Other beneficiaries on file can use the contributions.

No matter the type of RESP that best suits your situation, it is important to start saving for your child’s education as early as possible – preferably during the first few years that follow your child’s birth – to establish a sturdy investment strategy and take full advantage of the program. 

To learn more about the different ways an RESP account from National Bank Financial – Wealth Management can help you, or to check your eligibility to the program, please contact your advisor.

Registered Disability Savings Account (RDSP)

The RDSP is a registered savings account intended to help accumulate the funds required to provide for the long-term care of someone suffering from a disability. While contributions are not deductible, they compound inside the plan on a tax-sheltered basis which helps them grow faster. Also, the federal government will supplement your savings with a generous grant program – making more money available down the road to fund the beneficiary’s expenses. NBF Wealth Management's RDSP is a "self-directed" plan designed to accommodate a portfolio approach to investing, and in general, it can hold all the same investments as our other registered plan accounts

To learn more, or to open an RDSP, contact your advisor.

Tax-free savings account (TFSA)
The TFSA (tax-free savings account) is a registered account in which your investments interest, dividends and capital gains are accrued free of taxes, until they are withdrawn. It is a self-managed account that gives you access to virtually all types of investments offered by National Bank Financial – Wealth Management. 

To learn more or to open a TFSA, contact your investment advisor.

Multi-Currency Accounts

Exclusively available at National Bank Financial – Wealth Management, our multi-currency accounts make it easier to geographically diversify your portfolio by investing in markets outside of North America, and ultimately more profitable.

Our multi-currency accounts are available in the following ten denominations:

  • Australian $
  • Hong Kong $
  • Japanese Yen
  • Euro
  • Mexican Peso
  • Norwegian Crown
  • Singapore $
  • Swedish Crown
  • Swiss Franc
  • British Pound

This opens the door to direct investments in 18 different markets (the Euro of course being used in multiple markets), without the hassle and cost of repeated currency conversions.

Less currency conversions, more profitability!

Suppose you are attracted to the investment opportunities afforded by the European economy, and that you purchase shares of a German automobile manufacturer in a conventional Canadian dollar-denominated account. All of the dividend income you receive in Euro from this investment will be automatically converted to Canadian dollars, and when you eventually sell the stock, the Euro proceeds of the disposition will also be converted to CDN$. Then when you decide to reinvest this cash and buy shares of a French luxury goods company, your CDN$ will have to be reconverted back to Euro to settle the trade. Each of these currency conversions will cost you a small spread, and these small spreads do add up over time, ultimately eating into your investment return.

Taking our example above, if you made your investment using a Euro-denominated multi-currency accounts instead, all of the cash in the account will remain in Euro – ready to be deployed whenever an investment opportunity presents itself – with no currency conversions required.

With our multi-currency accounts, investing your money around the world just got a whole lot easier… and more profitable!  To learn further about this offering and how a multi-currency account can broaden out your investment horizon, contact your investment advisor

Multi-currency accounts are not suitable for all types of investors. Transactions made on foreign markets may be subject to taxes or other fees imposed by foreign governments and institutions. If a foreign currency exchange is required, National Bank Financial may receive compensation based on the difference between the bid and ask rates for the applicable currency.