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Pointing the way to online investing innovation: Trade with Points a Canadian first from RBC
TORONTO, Sept. 29, 2016 /CNW/ - Online investors now have a new way to pay their online trade commissions with RBC Direct Investing's innovative Trade with Points program – a Canadian first. "Trade with Points gives investors another form of currency to use online, as they can now use their RBC Rewards points to pay their trade commissions for online stock, ETF and options trades placed on Canadian and U.S. exchanges," explained Rosalyn Kent, president and CEO, RBC Direct Investing. "Adding this option brings further simplicity, convenience and choice to our clients." Trade with Points is just one of the industry-leading initiatives by RBC Direct Investing, which works to transform the online investing experience and serve the evolving needs of self-directed investors. Three other industry-shaping moves from RBC Direct Investing:
In addition, clients can now easily convert their RBC Rewards points online, into cash for deposits or contributions to eligible RBC Direct Investing personal accounts. Eligible accounts include RRSPs, TFSAs, RESPs (in CAD) and non-registered cash and margin accounts. "We are focused on providing our clients with more choice and flexibility in how they can redeem their RBC Rewards points," added Athena Varmazis, vice-president, Global Loyalty Programs and Rewards, RBC. "We already make it possible for our clients to redeem points for travel, merchandise and gift cards as well as use their points towards paying their credit card balance. Trade with Points is a great addition to the choices we offer Rewards clients and an example of how RBC Rewards is redefining the loyalty experience." About RBC Direct Investing Our online innovations include: Trade with Points – where RBC Rewards points can be converted to pay online trade commissions; Practice Accounts – where investors can try out investing risk-free in our actual online investing site, with no real cash involved; and the Community – our online social site where members can connect with like-minded investors to learn from each other, without revealing their real identities. The Community platform includes our unique "Universe", where members can see each other's investments – as percentages rather than dollar amounts – and watch how they all progress toward their personal investing goals. In addition, RBC Direct Investing offers access to Series D mutual funds, a series created and priced for self-directed investors, providing them with lower pricing for conducting their own research and making their own investment decisions. For new as well as seasoned investors who wish to speak to someone directly, RBC Direct Investing has an award-winning team of investment services representatives available to respond to clients' account and trading inquiries. RBC Direct Investing is a Member of the Canadian Investor Protection Fund. For more information, please visit www.rbcdirectinvesting.com. About RBC Rewards SOURCE RBC |