Sentences with phrase «preauthorized contribution plan»

For example, the company was the first to create preauthorized contribution plans that allow investors to add money to their holdings each month without incurring trading commissions.

Preauthorized contribution plans.

Finally, mutual funds are convenient (thanks to monthly automatic preauthorized contribution plans) and avoid transaction costs.

Not exact matches

«Of course, contributing every month through preauthorized contributions from your savings account is a good strategy to putting your money to work for you faster — especially in an RRSP,» says Allan Norman, a certified financial planner and chartered investment manager with of Atlantis Financial / Investment Planning Counsel in Barrie, Ont.

Claymore pioneered some innovative programs, such as preauthorized cash contributions (PACCs) and dividend reinvestment plans (DRIPs), as well as the Scotia iTrade partnership that brought commission - free ETFs to Canada.

She has also set up monthly preauthorized contributions of $ 400 to each plan for a total of $ 9,600 a year.