How hard could it be to transfer funds from a TD Mutual Fund account to a TD Directline account? Surprisingly it is not as easy as it sounds.
TD will be removing their E-series funds from their TD Mutual Fund accounts, in the near future. It does not mean the E-series funds are done, just that you can’t trade them in a TD Mutual Fund account.
If you are a Canadian Index Investor you may be heavily exposed on Bank investments (or financial investments in general). You should look into this further, and figure out if you are comfortable being that invested in Financial Institutions.
If you have a TD Mutual Funds account how do you do to stop having your e-series orders rejected ? It is not as easy as you would think, and it has to do with your TD Mutual Funds investment risk profile.