New service allows Canadians to plan, invest
and monitor their financial goals with stock trading,
commission-free TD ETFs, and no investment minimums or monthly
fees.
TORONTO, Oct. 27, 2020 /CNW/ - Investing just got a whole
lot easier with the launch of TD GoalAssist. A first of its
kind in Canada, TD
GoalAssist is a new mobile app designed to help Canadians set
financial goals and invest with confidence.
Through a simplified, guided app experience, users can build a
goals-based investment plan and select investments to help them
invest towards their goals. They can either choose to build their
own portfolio using individual TD ETFs or stocks listed on the
major North American exchanges or select a TD One-Click ETF
Portfolio that most aligns with their goal and self-selected
investor profile. TD ETFs, including TD One-Click ETF Portfolios
can be traded commission-free. To help them stay on track towards
reaching their goals, the app allows users to monitor and adjust
their goals and portfolio on-the-go.
"We know investing can be intimidating and many Canadians may
simply put off getting started as a result. We believe you
shouldn't need a lot of money or expertise to start building your
investing journey, which is why we created TD GoalAssist. This new
mobile-only investing service is straightforward, uses plain
language and is grounded in what our clients have told us they're
looking for – goal planning, education and low cost," said
Paul Clark, President, TD Direct
Investing and EVP, TD Bank Group.
TD GoalAssist will include the following key
features:
- No minimums or monthly fees
- Unlimited commission-free trades on TD ETFs, including TD
One-Click ETF Portfolios
- Trade stocks listed on major North American exchanges (TSX,
TSXV, NYSE, NASDAQ, AMEX; CBOE) for $9.99 per trade
- Free self-directed goals-based investment planning with ability
to monitor progress
- Educational videos to build foundational investing knowledge
and provide a guided experience
- A team of specialists available for support
- Digital opening of three account types (cash, RSP and TFSA) in
Canadian dollar currency
"We know a lot has changed in our lives this year as a result of
the COVID-19 pandemic. From an investing perspective, we've seen a
significant increase in demand for online investing and more people
trying investing on their own," Clark adds. "TD GoalAssist could
not come at a better time as Canadians are looking for an easy and
affordable way to invest."
TD clients can conveniently view their TD GoalAssist
balances through their TD online banking and transfer money
seamlessly between accounts. TD GoalAssist is powered by
Canada's largest self-directed
online brokerage, TD Direct Investing. Canadians can start taking
control of their financial well-being and invest on their terms
today. To learn more about TD GoalAssist visit
https://www.td.com/ca/en/investing/direct-investing/services/goalassist/.
Commissions, management fees and expenses all may be associated
with investments in exchange- traded funds (ETFs). Please read the
prospectus and summary document(s) before investing. ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. ETF units are bought and sold at market price on a
stock exchange.
TD Asset Management Inc. is the manager of the TD ETFs and
receives an annual management fee charged directly to the ETF.
Management fees are included in the ETF's management expense
ratio.
TD Asset Management Inc., a wholly-owned subsidiary of The
Toronto-Dominion Bank.
TD GoalAssist™ is a service of TD Direct Investing, a division
of TD Waterhouse Canada Inc., a subsidiary of The Toronto-Dominion
Bank.
About TD Bank Group
The Toronto-Dominion Bank and its
subsidiaries are collectively known as TD Bank Group ("TD" or the
"Bank"). TD is the sixth largest bank in North America by branches and serves over 26
million customers in three key businesses operating in a number of
locations in financial centres around the globe: Canadian Retail,
including TD Canada Trust, TD Auto Finance Canada, TD Wealth
(Canada), TD Direct Investing, and
TD Insurance; U.S. Retail, including TD Bank, America's Most
Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), an
investment in The Charles Schwab Corporation, and Wholesale
Banking, including TD Securities. TD also ranks among the world's
leading online financial services firms, with more than 14 million
active online and mobile customers. TD had CDN$1.7 trillion in assets on July 31, 2020. The Toronto-Dominion Bank trades
under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group