Moving Myths

There are some common misconceptions concerning moving an account. The most important is that many people don't understand that you don't have to liquidate your holdings to transfer them over to us here at Manulife Securities Incorporated. A transfer in kind means that your holdings are moved intact - nothing is sold or liquidated in any way. That way, we can gradually implement the plan developed earlier as and when it is prudent to do so. Common Myths concerning moving an account to a new Firm/Advisor:
Will my existing investments/funds be liquidated or sold? I don't want to do that.

No they will not need to be sold. All your investments can be transferred in-kind, which means they are moved to Manulife Securities Incorporated with no liquidation (i.e. they ARE NOT sold).

Will I need to inform my current Advisor?

No. After opening an account, simply sign transfer forms, and our back office does all the rest. It's a very simple, easy process. Most transfers take only a few business days.

Will I be taxed on capital gains just by transferring?

No, capital gains taxes are only levied when you sell. Transferring holdings from one account to another with the same name and status is NOT considered a disposition.

Isn't it a difficult, time-consuming process to move an account over?

There is some paperwork involved, and it will take a bit of time to do a proper job. But we are experienced in this kind of thing, and can walk you through the steps as painlessly as possible. But then again, doesn't your financial future deserve a bit of your time?

Why Manulife?
Products

I am proud of the fact that here at Manulife Securities Incorporated, I can offer my clients a full range of financial products to completely meet their investment needs:

Mutual funds (from almost every mutual fund company)

Stocks and bonds, both in Canada and Internationally

GICs (we broker GICs, so you can get the best rate)

Non-traditional investments - hedge funds, limited partnerships, etc

RRSPs, RIFs/LIFs, LRSPs, RESPs, Cash Accounts, Corporate Accounts, Group Accounts

Independence

At Manulife Securities Incorporated, I have no allegiance to any particular security or firm. The client and I decide, based on his or her situation, goals, and preferences, what is the ideal portfolio. Then we go out and get it. The portfolio comes to the client, not the other way around.

Size

Manulife Securities Incorporated administer some $11 billion of Canadians' investment savings, with over 300 offices across Canada and more than 1,000 advisors.

Reputation

Manulife Securities Incorporated strictly complies with all relevant governing authorities and legislation. In fact, I always caution clients that we will always be doing things in an extremely thorough, careful manner, and that this may mean some inconvenience in terms of paperwork and time. But I know that in the long run clients feel more secure operating this way.