INDIVIDUALS

We understand – you have worked hard for your money and saved well for retirement.

Or perhaps a family member now entrusts you with the money they saved over their lifetime. Perhaps a family home has or will soon be sold, and those funds will need to be invested. 

Markets have been volatile and you would like to have the guaranteed investment and security of GIC’s, along with the highest rates, without having to spend a considerable amount of your time shopping around for this solution.

We survey a broad spectrum of the Canadian GIC marketplace so you don’t have to.

Working with GICPlus give you:

  • Access to superior rates from a broad spectrum of Canadian financial institutions – typically higher than the big 5 banks
  • Efficient use of your time – we shop the GIC marketplace for you, manage the paperwork to multiple financial institutions, and assist with re-investment of funds at time of maturity.
  • Knowledge - that due diligence has been done to meet your specific investment objective
  • A GIC investment plan designed just for you

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Case Study - Daughter managing her mother's nest egg.

Tamara's mother Helen, had recently downsized and moved to a new Retirement Residence across town. Tamara has found life quite busy as she juggles her job, 3 high school aged children while trying to be there for Mom.

SCENARIO

Tamara's mother Helen, had recently downsized and moved to a new Retirement Residence across town. Tamara has found life quite busy as she juggles her job, 3 high school aged children while trying to be there for Mom. Tamara is one of three children and has the main responsibility for Helen's care and financial well -being.

Helen is a widow. Though she and her husband had saved well, she remains concerned if her retirement savings will be sufficient. Her mother lived to age 94. Helen's assets have been sitting at the three different banks in a combination of low yielding cash accounts and GIC's providing "bank branch" rates.

Helen needed help to easily manage her mother's nest egg in a safe and secure manner.

SOLUTION

Our Team at GIC Plus reviewed Helen's overall situation.

They recommended she consolidate her assets as the amount of paperwork and the tracking of account details was too much work for her daughter Tamara.

Once Helen's monthly income need was determined, we put together an income plan that combined Helen's CPP, OAS and the monthly income generated by her new laddered GIC portfolio. The GIC's were diversified amongst financial institutions.

The technology at GIC Plus allows us to manage the GIC portfolio so maturing certificates and be reinvested or quickly cashed if the need arises.

RESULT

An income plan has been established in partnership with her GIC Plus Advisor.

She and her Mom can rest easy as they know the money is guaranteed and income will be consistent.

They also know that they receive the highest guaranteed rates in Canada.

The money that Helen and her husband worked so hard to accumulate will still be working hard for her throughout her retirement.

Click here to see the benefits of a laddered GIC portfolio.