TD cancelled another RESP mutual fund purchase because my trading profile wasn’t “updated.” This rant breaks down why TD Mutual Funds rejects perfectly reasonable orders, how KYC rules create red tape for RESP parents, and what you can do to avoid blocked deposits and repeated profile interrogations.
If your TD E-Series RESP is in a TD Mutual fund account, taking your money out is not going to be straightforward. Good funds, bad account, read why. Might be better to just hold them in a real trading account.
Shouldn’t be hard to in Quicken transfer mutual funds, but it is not as straight forward as you might guess it would be.
If you use a TD Mutual Fund account, they keep close tabs on your trades and will make you live to your Risk profile, and will reverse trades, if you are doing things outside of that Risk Profile.
The MER is truly a drain on your investments growth, the funds argue they are fair, but are they really?
