Interactive Brokers now lets investors trade on their platform through a RRIF, the online investment trading platform announced Tuesday.
TFSAs, RRSPs and FHSAs are already available on Interactive Brokers’ platform for Canadian residents.
Those who have an RRSP with Interactive Brokers can convert it into a RRIF without changing existing investments and can continue to trade stocks, options, bonds and ETFs in their RRIF.
Interactive Brokers will not charge account maintenance fees and offers investors the ability to withdraw any amount above the minimum when needed.
National Bank changes NBI Global Diversified Equity Fund
National Bank Investments has changed the name of its NBI Global Diversified Equity Fund to NBI SmartData Global Equity Fund, the firm said.
There is also a change to the fund’s investment strategy and management and administration fees.
“The fund’s investment strategies will be modified to reflect the investment approach and process of its underlying funds. The fund’s investment objective remains unchanged,” National Bank Investments said in a release.
The management fee fell from 2% to 1.4% for the advisor and investor series, and from 1.05% to 0.4% for the F series (offered to investors in fee-based accounts). The administration fee halved from 0.2% to 0.1% for both series.
The changes were effective on or about Tuesday.