Step 1

We arrange a complimentary and confidential meeting. This will assist us in obtaining a greater understanding of your current situation while considering your personal and financial goals. 

Step 2

We begin by gathering basic personal information about you.  We outline the required information by law to open an investment account.   Most of this information may be gathered through our discussion; however, you should bring one form of valid identification (driver’s license) and a void cheque with you.   

Step 3

Understanding your Investment Objectives and Risk Tolerance is one of the most important initial discussions we will have with you and will be a component of your investment policy statement (IPS).

Step 4

We set up the appropriate Account Types under the Account Options best suited for you and complete transfer forms. We outline the procedures to transferring cash and/or investments from another financial institution to ScotiaMcLeod. Transfers are monitored to ensure every position is transferred in.

Step 5

In addition to the required information to open an account we recommend you provide us with additional information to enable us to further assess your current financial situation.  View a list of typical documents requested.

Step 6

We review all information provided and prepare a comprehensive investment plan. The customized investment policy statement (IPS) will consider your personal situation, investment objectives, and risk tolerance.

Step 7

We review the investment policy statement (IPS) and provide recommendations regarding the structure of your investment accounts.   Each asset class has a variety of different Types of Investments.   We begin mapping out the customized investment component to your plan.

Step 8

Once the transfer is complete we ensure the adjusted cost base for each investment is correct.  As your advisor on record we will be able to determine the tax impact of any sells and if any penalties or fees exist.   We ensure our plan includes a cost effective strategy to manage your portfolio given your financial situation.

Step 9

We meet to review our recommendations and obtain your authorization to proceed. No changes will be made to your portfolio without your consent. 

Step 10

We continue to monitor your investments and provide you timely updates and recommendations as required. We encourage you to provide us with updated personal and financial information if your circumstances change.