National Bank Direct Brokerage Launches InvestCube, a Turnkey Solution for Do-It-Yourself Investors

MONTREAL, Oct. 21, 2014 /CNW Telbec/ - National Bank Direct Brokerage is launching InvestCube, a turnkey solution designed for investors seeking control over their investments without having to worry about rebalancing their portfolio.

This innovative concept, which is a first among the brokerage firms of the major Canadian banks, addresses a need that Do-It-Yourself investors have repeatedly expressed.

"InvestCube is intended for clients with sound investment knowledge, but without a lot of time to spend on analyzing their portfolio. Our experts have designed five portfolios, which investors can select themselves based on their risk tolerance. Once the transaction is complete, they no longer need to worry about rebalancing their various assets," explained Nancy Paquet, President of National Bank Direct Brokerage.

The five portfolios have been designed around specific investor profiles, namely: Conservative, Moderate, Balanced, Growth and Equity. All five are made up of exchange-traded funds (ETFs) from independent providers such as BlackRock iShares, Horizons or Vanguard and represent different asset classes (equities, fixed-income, etc.).

Portfolios are reviewed each month and rebalanced as needed to maintain the targeted asset allocation of the selected portfolio. This new turnkey solution also offers low fees. For example, the annual fee for the Balanced Portfolio is only 0.99%, including management fees and rebalancing fees.

InvestCube is available for all types of Canadian dollar accounts (including RRSPs, TFSAs, RESPs, LIRAs/LRSPs, RRIFs and cash accounts). Clients can also invest systematically in the portfolio of their choice by setting up regular fund transfers.

For more information about InvestCube, contact us at:

• InvestCube toll free line (1-888-902-0202)
• Website (www.nbdb.ca/investcube)
• Email : [email protected]

About National Bank of Canada
With $199 billion in assets as at July 31, 2014, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has more than 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX:NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.

SOURCE: National Bank of Canada

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.) : Jean-François Cadieux, Chief Advisor - Public Affairs, National Bank, Tel.: [phone]