(October 4 – 10:50 ET) – Heightened interest around wrap accounts has prompted the Investor Learning Centre of Canada to issue a special plain-language “Investment Facts” newsletter.
“Wrap products have been around for years and come in many shapes and sizes. They are offered by brokerage firms, financial planners, mutual fund companies, banks and trust companies,” says Martha Hirst, Manager, Community Programs. “The costs and services vary depending on the type of account you hold. The ILC is issuing this ‘Investment Facts’ newsletter so investors will know what questions to ask before making a decision.”
The special wrap account newsletter, part of a series developed by the CSI/ILC, explores the different types of wrap products, discusses fees and gives investors important information that the ILC says is often overlooked.
“We want to clearly outline what’s involved in a wrap account,” says Hirst. “That way, people have the information they need to make a better buying decision.”
Individuals can get the Investment Facts Newsletter by:
- visiting the ILC Web site at www.investorlearning.ca;
- emailing ilc@csi.ca;or
- picking up a copy at the ILC’s downtown Toronto Resource Centre on the ground floor of 121 King Street West or its Calgary location at 616 Macleod Trail S.E. +15 Level, W.R. Castell Central Library.
-IE Staff