THE 360 NEWSLETTER

Payment of Interest – Nominee Cash Account

Best practices June 22, 2023

Please be advised that effective October 1, 2023, Investia will no longer be paying interest on money held in clients’ nominee cash accounts.

In preparation for this change, advisors are encouraged to talk to their clients about more profitable alternatives which would be better suited to their needs (e.g., HISAs, GICs, etc.).

Clients will be notified of this change via a note which will be added to the disclaimer page contained in their Q2 statements (issued mid-July). The interest rate messaging on the Investia website will also be amended as we move closer to the effective date:

Should you have any questions, please contact our Client Services Team, by email at investia@investia.ca, by phone at 1-888-684-5548, or use the chatbot feature available on the Advisor Centre.