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Paying low commissions to order growth stocks and exchange-traded funds
is possible because of ShareOwner's unique Fund-Building Service. |
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How the Fund-Building Service Works
Clients make their choice of securities from ShareOwner's list of:
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Pre-screened Canadian and U.S. growth stocks; and, |
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Exchange-Traded Funds (ETFs) that represent stock market indexes from around the world. |
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Fund-Building Trades
ShareOwner combines all client orders – to buy or sell a security – into one Fund-Building Order that is executed in the stock market.
Buyers pay, and sellers receive, the same average price paid (or received) for all shares included in the Fund-Building Order.
For example, a week of client orders to buy or sell Royal Bank shares are accumulated and combined into a Fund-Building Order that is executed on Fridays. The somewhat less-popular shares of Canadian Western Bank are traded once a month – on the second Friday.
Investors participate in a Fund-Building Order by providing ShareOwner with online instructions:
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(1) |
to buy, with cash in their investment account or with an electronic funds transfer from a bank; or, |
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(2) |
to sell, and deposit the proceeds into their investment account or receive a cheque. |
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Dollar-Based Orders
The Fund-Building Service lets an investor purchase a single security or a diversified portfolio with convenient dollar amounts, such as ... $100 ... $500 … $1,000, instead of often-expensive board lots of 100 shares.
Busy, self-reliant investors enjoy additional convenience by setting up automatic withdrawals from a chequing account – every 1, 2 or 3 months – to buy a diversified portfolio (or single security) with an amount that easily fits their cash flow. |
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Buy as much as you like via the Fund-Building Service |
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*Add more stocks for more diversification, without more cost. Maximum Total Order Cost is $36, in the currency of the account. For orders of three or fewer stocks, the order cost is in the currency of the trade. |
| Investments Grow Faster with Automatic Compounding |
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Busy investors enjoy the automatic compounding of returns with
ShareOwner's complimentary dividend-reinvestment service.
ShareOwner automatically reinvests all cash dividend and buys more
shares – including fractional shares to four decimals.
Example
Suppose that:
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a stock pays you quarterly cash dividends that total $18.00;
and, |
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that the stock is trading at $36.55. |
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ShareOwner reinvests the dividends and deposits 0.4925 of
one share to your account.
No other investment dealer in Canada automatically reinvests dividends
on common stock to four decimals. |
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| Account Withdrawal |
$ |
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Non-RSP |
12 |
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RSP |
48 |
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Home Buyers' Plan Withdrawal |
100 |
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Life Long Learning Plan Withdrawal |
100 |
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| Transfer Out per Security (including cash) |
25 |
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(Maximum of $107 per account) |
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Contribution of a Security from
a
Non-RSP Account to a RSP Account |
8 |
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(Maximum of $29 per account) |
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| RSP Administration Fee |
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| RSP Administration Fee (per year or
part thereof) |
59 |
| LIRA/Locked-In RSP (per year or part thereof) |
100 |
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| Account Statements |
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Online at www.Investments.ShareOwner.com |
Free |
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Monthly Account Statement – mailed (per year or part thereof) |
36 |
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Copy of a Non-Current Statement |
25 |
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| Account Investigation Fee (per hour or part
thereof) |
75 |
| Estate Processing Fee |
150 |
| Order a Share Certificate |
40 |
| Manual Order Processing fee |
18 |
| Non-Sufficient Funds |
30 |
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