If you hold investments at a number of financial institutions, it can be a challenge to know where you stand. Consolidating your investments with one financial institution can provide many benefits.

An integrated approach. Having all of your investments together provides a much clearer picture of your overall financial situation and net worth. It also gives your Financial Planner the ability to manage your investments more effectively and to bring in other TD Waterhouse specialists as needed.

Effective diversification. Because consolidating can help you clearly track your investments, it provides your Financial Planner with the best opportunity to effectively diversify your portfolio, manage risk and avoid duplication of investments.

Tax-efficiency. Having your investments together makes it easier for your Financial Planner to allocate your investments between your registered and non-registered accounts in a tax efficient manner.

Easier RIF administration. If you have more than one registered Retirement Savings Plan (RSP) and are approaching the date when you must convert to a form of retirement income, such as a RIF, it’s a good idea to bring them together. Managing more than one RIF can be complicated, as you are required to make minimum annual withdrawals from each individual plan based on the assets it holds.

Potentially lower fees. Having all of your investments with one institution may reduce your overall account administration fees.