Articles
Definition
Open accounts for a brand new client.
e.g., “Please open a TFSA, RRSP, and non-registered account for new client John Doe.” Process
Information upload and accuracy check Timeline
5–7 business days What You Need to Know
Timeline is directly related to completeness and accuracy of the initial documents.
CFG and National Bank Independent Network (NBIN) requires clients to provide two forms of identification to comply with regulatory standards and anti-money laundering laws. Primary Identification Requirements NBIN mandates that clients present a valid, government-issued photo ID. Acceptable forms include: These documents must be original, valid (not expired), and in good condition. If your name […]
Sub Categories
Definition
Open accounts for a brand new client.
e.g., “Please open a TFSA, RRSP, and non-registered account for new client John Doe.” Process
Information upload and accuracy check Timeline
5–7 business days What You Need to Know
Timeline is directly related to completeness and accuracy of the initial documents.
Definition: Open a new account for an existing client who already has accounts at Croft. Process
Standard new account setup through existing profile Timeline Cut-off time is 3 PM EST. Processing takes 1–2 business days if submitted on time. What You Need to Know Be sure to confirm if any updates to existing KYC or […]
At CFG, selecting the appropriate account type is a critical part of the overall wealth management process. As a discretionary Portfolio Manager, we take full responsibility for the ongoing management of client portfolios, and we work in close collaboration with clients and their financial advisors, accountants, and legal professionals to ensure that each account structure […]
Simple, non-leveraged investment accounts used for buying and selling securities. Clients cannot borrow to purchase securities in these accounts. Cash Account (CAD) Cash Account (USD)
Investment accounts that allow clients to borrow against existing assets to increase buying power. This introduces additional risk and requires margin compliance.Important Note: At CFG, we do not trade on margin as a standard practice. However, margin accounts may be required or utilized in specific scenarios: Margin Account (CAD) Margin Account (USD) Joint Margin CAD