(September 6- 12:05 ET) – Scotiabank Group says it has created i:PARTNER, a brokerage product combining the expertise of a ScotiaMcLeod Investment Executive with access to the online world of trading and research. The bank plans to launch product this fall following a successful pilot now underway with clients and employees.
“i:PARTNER marks a new era in the brokerage business by giving investors what they have asked for: the right information and more choice than ever before,” said Rob Pitfield, Scotiabank executive vice-president, wealth management. ” i:PARTNER will offer a new first class full service brokerage product — offering the trusted expertise of a ScotiaMcLeod Investment Executive plus access to online trading and research. It brings together the best of both worlds by matching personalized advice with online convenience.”
With the new service, clients who seek advice from a ScotiaMcleod rep can choose whether they want to trade through their advisor, online or through automated telephone service.
The service provides a link between client brokerage and Scotiabank bank accounts and online and telephone access to account information. It also offers clients online access to market data and analysis as well as leading, proprietary and third party research.
Scotiabank says the service is designed for clients with investments of $75,000 and above. The pricing structure features a fee tiered by asset class and a competitive cost per transaction depending on how clients elect to trade.
-IE Staff