National Bank Direct Brokerage Announces its New Highly Competitive Fee
MONTREAL, Dec. 16, 2013 /CNW Telbec/ - On December 1, National Bank Direct
Brokerage (NBDB) adjusted its fee structure to make it among the most
competitive in the Canadian direct brokerage industry. The new general fee
schedule caps annual administrative fees and saves clients money.
Annual administrative fees and exemptions are now calculated on all accounts
held by a client(1), rather than on each individual account.
"With this new streamlined fee structure, doing business with NBDB just got
better. We are proud to have received the highest rating in the recent J.D.
Power Canadian Discount Brokerage Investor Satisfaction Study. Our goal is to
stay at the top," stated Nancy Paquet, President of NBDB.
If an NBDB client's personal assets exceed $20,000 on May 31, 2014 or the
client trades equities, exchange traded funds (ETF) or options at least five
times between June 1, 2013 and May 31, 2014, the $100 administrative fee will
For clients whose total assets are less than $20,000, administrative fees will
be charged and divided among the client's accounts. For example, if a client
has an RRSP and a TFSA, the $100 fee will be split and the client will only
pay $50 per account.
No changes have been made to our already very competitive commission schedule.
For more information, consult www.nbdb/en/pricing or contact NBDB at:
National Bank Direct Brokerage received the highest numerical score among
discount brokerage firms in the proprietary J.D. Power 2013 Canadian Discount
Brokerage Investor Satisfaction Study(SM). Study based on 3,089 responses
measuring investor satisfaction and measures 11 firms. Proprietary study
results are based on experiences and perceptions of consumers surveyed in
May-June 2013.Your experiences may vary. Visit jdpower.com.
About National Bank Direct Brokerage
National Bank Direct Brokerage is a wholly owned subsidiary of National Bank
of Canada. National Bank Direct Brokerage offers no advice and makes no
investment recommendations. The client alone is responsible for the financial
and tax consequences of his or her investment decisions. National Bank Direct
Brokerage is a member of the Canadian Investor Protection Fund.
About National Bank of Canada
With $188 billion in assets as at October 31, 2013, National Bank of Canada
(www.nbc.ca) together with its subsidiaries, forms one of Canada's leading
integrated financial groups, and has been named among the 20 strongest banks
in the world by Bloomberg Markets magazine. The Bank has close to 20,000
employees and is widely recognized as a top employer. Its securities are
listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities
via social media and learn more about its extensive community involvement at
clearfacts.ca and commitment.nationalbank.ca.
(1) The accounts must have the same root, i.e., the first six digits of the
account number must be identical.
SOURCE National Bank of Canada
(The telephone number provided below is for the exclusive use of journalists
and other media representatives):
Jean-François Cadieux Chief Advisor - Public Affairs National Bank Tel.:
To view this news release in HTML formatting, please use the following URL:
CO: National Bank of Canada
NI: FIN FIN
-0- Dec/16/2013 16:16 GMT
Press spacebar to pause and continue. Press esc to stop.