About the Author

author photo

Preet Banerjee, B.Sc., FMA, DMS is a former stockbroker and financial advisor in Toronto. Information on this site is for entertainment purposes ONLY. Always seek individual professional advice before making any financial decisions.

See All Posts by This Author

ING DIRECT Canada to Launch Discount Brokerage?

January 5th, 2010 • Related • Filed Under
                                                         
feature photo

Continuing from Part I (click here to view), Peter Aceto and I move the discussion to some of their other product offerings and discuss the possibility of their own discount brokerage, as well as his reaction to new competitors in their business.

With respect to the mutual fund line-up, I should point out that I work for a Fundamental Index manufacturer (Pro-Financial Asset Management) and am a proponent of Fundamental Indexation. There are plenty of cap-weighted indexation options out there, and Peter explains ING’s value proposition in this space. For more information on Fundamental Indexation, click here for a brief synopsis.

But now on to the next part in the interview… Enjoy!

Popularity: 2% [?]

Credit Repair - option trading

<--Please click on the green Retweet button if you like this article and want to share it on Twitter!


You might like these Related Articles:
Going Bankrupt and Rebuilding Credit in Canada: Part 4
Going Bankrupt and Rebuilding Credit in Canada: Part 2
Interview with the CEO of ING DIRECT Canada – Part I
You are going to Interview the CEO of ING Direct Canada
ING Direct Embraces Twitter with @FeeTweeter
Join over 1,500 readers who receive daily updates by supplying your e-mail address:
 

You may also subscribe to the WhereDoesAllMyMoneyGo.com RSS feed:

There Are 5 Responses So Far. »

  1. Comment by JDWood on 6 January 2010:

    Thank-you

  2. Comment by frl on 6 January 2010:

    I have a recent beef with ING that I think the public needs to know about.

    To make a long story short I attempted to change my mailing address since I no longer live in my former community, having sold my home. I have chosen to live in a travel trailer and thus have no street address. Since I couldn’t provide a street address ING FROZE my account. I was denied access to MY OWN MONEY.

    This is an intolerable high-handed tactic, and discriminates against anyone that chooses not to live in a bricks and mortar house.

    Be careful dealing with ING.

  3. Pingback by This and That: Troubles at Scotia iTrade and more… | Canadian Capitalist on 7 January 2010:

    [...] Preet finds out that ING Direct is considering launching a discount brokerage in his chat with Peter Aceto. [...]

  4. Comment by Tricia on 8 January 2010:

    Thank you!

    For the most part I’m happy with ING Direct. The only thing that bugs me is something Peter Aceto pointed out that the competition does is promote featured products with high rates – and then later they lower these rates. Take for instance the Tax-Free Savings Account Rates: http://www.ingdirect.ca/en/accounts-rates/historicalencadtfsaisa.jsp

  5. Comment by dj on 12 January 2010:

    So that’s a no to discount broker , just because he takes 3min. to say that does not make it a yes.

Post a Response