DEPOSIT BROKER

Deposit Brokers are independent retailers of financial products and services specializing in "guaranteed" investment products such as GICs, term deposits, and Canadian Savings Bonds. Your Deposit Broker is also a one-stop financial products solution center, with most members offering a full range of products including Mutual Funds, Annuities, and Life Insurance, from numerous Canadian financial institutions, as well as RRSP, RRIF, LIF and Pension plans. FCIDB Members work diligently to provide you with the best, independent advice on information affecting your deposit product needs. Your Deposit Broker understands the special requirements of a deposit investment in much the same way a stock broker specializes in their investment area. Your FCIDB Member maintains daily information on current interest rates, helps you achieve the best possible return on your deposit investment, and works on your behalf to find the best investment available from all financial institutions including trust companies, banks, insurance and fund companies. And best of all, there is no fee for this service!

You can get the best rates and widest selection of investment options at no cost to you by using the services of a Deposit Broker. Deposit Brokers, unlike most investment advisors, have access to large volume, deposit product selections. Financial Institutions use the Deposit Brokerage channel to offer these deals which can then be offered to investors efficiently and at top returns, completely free of fees or commission. A Deposit Broker receives compensation directly from the financial institution.

Deposit Brokers receive daily information on current interest rates and current product availability from financial institutions all across the country. The demand, volume and availability of product varies daily, and by institution, creating opportunities for better rates. These can be best accessed by a Deposit Broker working daily to understand investors needs and the best possible product solutions

Variety of Options

Daily Market Data to achieve best possible rates and returns

Unbiased analysis, advice and recommendations

All trade administration and paper work

Immediate deposit to your chosen financial institution

Offers personal service and consultation

Advice on related tax implications

Transfer of existing investments, including RRSPs, on more favourable terms

Investments tracking so you don't miss maturity dates and renewal reminders

Guaranteed confidentiality

Most Deposit Brokers and FCIDB Members are full service investment advisors offering a complete range of financial products and services including: Term Deposits, Guaranteed Investment Certificates, Short Term Deposits, Cashable Certificates, RRSPs RRIFs, LIFs, Annuities, Mutual Funds, Life Insurance. Deposit investments include annual, semi-annual, monthly or compound interest options and new products and services are offered regularly to reflect the changes in today's financial marketplace.

Most investments made with your Deposit Broker are made payable to the designated financial institution, or are in trust to your broker. Your Deposit Broker will provide you with a suitable acknowledgment that the Trust Account is approved and subject to suitable bonding procedures. Deposits are made, on a daily basis, to an account established by the financial institution to receive your funds.

You may choose to have your interest deposited directly to any financial institution account or it can be mailed directly to you, payable annually, semi-annually, quarterly, or monthly. Alternatively it may be left to compound to maturity for a single payout.

Deposit insurance is available for qualifying deposits. Banks, Trust Companies and Mortgage and Loan Companies must be members of the Canadian Deposit Insurance Corporation (CDIC) or similar provincial Deposit Insurance Corporations. Credit Union Depositor Protection Programs (CUDPP) have separate regulations and deposit insurance rules and limits for credit unions which varies in each province. Life and Health Insurance Companies can be members of the Canadian Life and Health Insurance Compensation Corporation (CompCorp). Published listings of these member institutions may change from time to time due to corporate name changes, buy-outs or amalgamations. There are limits to insurance protection and not all deposits are insured. Certain terms and conditions may apply. For example, the maximum deposit term covered by CDIC is five years; there is no such limitation under CompCorp. Mutual Funds are not covered by CDIC, while the Life Insurance Companies' guarantee applicable to segregated funds, is covered by CompCorp. For detailed information on CDIC or CompCorp coverage, or any changes in a institution's status, contact your member of the FCIDB for brochures published by CDIC and CompCorp. Toll-free numbers are also available for questions not covered by the brochures.

Federally and provincially incorporated financial institutions are examined and regulated by the Office of the Superintendent of Financial Institutions on behalf of CDIC. Provincially incorporated members are examined by an agent of CDIC and are regulated by the responsible provincial authorities. Life Insurance Companies are regulated by Provincial and Federal Superintendents of Insurance. Deposit Brokers are subject to the applicable provincial regulations. The FCIDB has a code of ethics and standards to which members must adhere. The organization is a strong supporter of a regulated industry and is working closely with provincial governments and other regulators to insure consumer safety.

Some investments like RRSP's and RRIF's can be very complex, depending on the individual situation, so proper planning is essential. Members of the FCIDB have the necessary qualifications and experience to explain your options, will help you determine your allowable contribution amount and provide the management systems to help look after your individual maturities. As a consumer you have the right to transfer your investment from one institution to another to obtain a better interest rate, stay within deposit insurance limits or to avoid or remove service fees. Deposit Brokers will take the time to coordinate this for you, maximizing your returns through a diversified portfolio approach while protecting your investments within the security of CDIC and CompCorp limits.