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A well-managed RESP can really make a difference for your child's future. With RBC Royal Bank, you have a wide range of investment options. One of our advisors can help you plan which investments are most suited to your young scholar's needs.
To find out more about an RBC Royal Bank RESP, speak with an RBC® advisor at any RBC branch or contact us by calling 1-800-463-3863.
Range of Investment Options
RBC Royal Bank gives you a wide range of options. You can choose to invest your RESP in a basic savings deposit, GICs or RBC Funds. Your investment can be tailored for growth potential, interest income or a balance between the two. There are no restrictions on foreign content so you can take full advantage of the growth potential of international markets.
No Fees
There is no charge to start an RESP with RBC Royal Bank and no annual administration fees.
No Loads
RBC Funds may be purchased on a no-load basis, which means you don't pay any commissions. Your money goes to work for you right away for as little as $25 a month.
Excellent Growth Potential
The RBC Funds family includes many equity-based investments that work well for a long-term investment like an RESP.
The RBC Target Education Funds are a convenient way to invest for a child's education. You simply choose the fund with with the target date that most closely aligns with the year your child is expected to start post-secondary studies. The result is an asset mix that evolves over time, becoming more conservative as your child's target education date approaches.
Control
With a RBC Royal Bank RESP, you choose the kind of investments you want, how often you want to invest and how much.
Access to Your Money
If you choose RESP investments that are liquid, including the RBC Funds, you will always have easy access to your principal.
Flexibility
If you need to change beneficiaries or your child wants to travel before commencing post-secondary education, that's not a problem. Our RBC Royal Bank advisors can easily help you change to a new beneficiary and you have 25 years to use the funds in your RESP.
Please consult your advisor and read the prospectus before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual fund securities are not guaranteed or covered by the Canada Deposit Insurance Corporation or by another government deposit insurer. For funds other than money market funds, unit values change frequently. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you. Past performance may not be repeated. Royal Mutual Funds Inc. is licensed as a financial services firm in the province of Quebec.
Financial planning services and investment products such as mutual funds are offered through Royal Mutual Funds Inc. (RMFI) and guaranteed investment certificates and credit products are offered through Royal Bank of Canada. RMFI is a member company under RBC Wealth Management. RMFI, RBC Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada, The Royal Trust Company and Phillips, Hager & North Investment Management Ltd. are separate corporate entities which are affiliated. Royal Mutual Funds Inc. is licensed as a financial services firm in the province of Quebec.
® Registered trademarks of Royal Bank of Canada.
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