Scotia Investments

Frequently Asked Questions

Is Scotia Investments a bank?
Why invest with Scotia Investments and not a traditional bank?
What is investing? Is it the same as saving?
How risky is investing?
What are the most attractive investments presently available?
What products are ideal for the small investor?
How may I find a Scotia Investments branch?
What do I need to open an account with Scotia Investments?
Does Scotia Investments accept cash as well as cheques?
What is the minimum period that I must invest for?
How easily can I get back all, or part, of my investment?

 

 

Is Scotia Investments a bank?

Scotia Investments is a complete financial service provider. We are securities dealers and primary dealers of: Unit Trusts, Cambio and Stockbrokerage.

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Why invest with Scotia Investments and not a traditional bank?

Scotia Investments provides you with a wide range of investing options, in comparison to a traditional bank which only offers savings products. Click here to learn more about our investment products. Our investment advisors are expertly trained to help our clients achieve their personal financial goals.

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What is investing? Is it the same as saving?

Investing is when you commit money into any endeavour with the anticipation that you will make a profit on your initial sum. Saving is when you put aside your money regularly in a safe location such as a bank. Investing usually involves taking some amount of risk; while with saving, your primary goal is the preservation of your money. Read more about investing in our Market Watch.

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How risky is investing?

This depends on the investment option chosen. Different options can be virtually risk-free, very risky, or have moderate amounts of risk. Learn more about investing risks in our Market Watch. Our Investment Advisors will help you to create a portfolio of investments to suit your risk comfort level and financial goals.

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What are the most attractive investments presently available?

Your investment options should be selected based on your personal financial objectives. Our Investment Advisors can help you to select the right investments to meet your needs. Read more about our range of investment options.

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What products are ideal for the small investor?

The Scotia Premium Fixed Income Fund (PFIF) and Scotia Premium Growth Fund (PGF) are designed with the small investor in mind. Both funds offer superior returns, especially on small sums. The best option will depend on your investing objectives and risk comfort level. Our Investment Advisors can help you to select the appropriate account for you.

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How may I find a Scotia Investments branch?

You can find the locations of all our branches on the Branch Information page.

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What do I need to open an account with Scotia Investments?

Documents needed for an individual account:

Documents needed for a business account:

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Does Scotia Investments accept cash as well as cheques?

Yes we do. For your convenience, you can open an account, or add to an account, with cash, manager’s cheques, US Drafts, wire transfers or traveler’s cheques.

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What is the minimum period that I must invest for?

The minimum investment period may vary according to the type of investment account opened. However, we recommend a long-term, ongoing commitment to investing that allows you to get the most out of your money. Read more about our investment options.

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How easily can I get back all, or part, of my investment?

You may encash your investment, any time after the tenure of your product is complete. If you encash before the end of your tenure, a penalty charge is applied. Read more about the requirements of our different investment options.

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