Scotiabank empowers prospects to take management of their investments with the launch of Scotia Good Investor

New software now accessible on to prospects by way of cellular and on-line, supported by knowledgeable monetary recommendation provided in particular person at a Scotiabank department or nearly

TORONTO, Feb. 6, 2023 /CNW/ – Scotiabank empowers prospects to take extra management over their investments with the launch of Scotia Good Investor through Recommendation+, an all-new platform that aligns options to buyer targets by mixing AI-powered suggestions and personalised recommendation in real-time.

Scotia Good Investor, launched by way of Scotiabank’s affiliated mutual fund seller, Scotia Securities Inc., simplifies and integrates the funding journey, by way of an AI-powered recommendation engine that helps prospects create, plan, monitor, and replace their monetary targets, and is offered on to shoppers by way of cellular and on-line, supported by knowledgeable recommendation provided in-person on the branches or nearly.

Scotiabank has been servicing prospects utilizing Scotia Good Investor since early 2022. Prospects now have entry to the identical platform by way of their on-line and cellular units. Suggestions embody financial savings and investments, with product availability spanning throughout short-term investing through Excessive Curiosity Financial savings Accounts and GICs, and longer-term investments with mutual funds, all aligned to the client’s funding goal, time horizon and threat profile.

Scotia Good Investor launches at a time when Canadians are in search of extra management over their investments, whereas nonetheless gaining access to personalised recommendation from a trusted Scotiabank advisor. In keeping with a latest Scotiabank Investor Sentiment Survey, 28% of Canadian traders handle not less than some or all their investments on their very own, whereas simply 5% of traders stated that they use automated on-line funding companies.  About 70% of traders use a monetary advisor to assist them handle their investments. Scotia Good Investor gives flexibility based mostly on every buyer’s preferences.ⁱ

“Customers now play a extra lively position in managing their funds – particularly with the vary of on-line instruments accessible by way of Scotiabank’s Recommendation+ Centre,” stated James Popalis, Vice President of Retail Efficiency, Scotiabank. “With the entry and perception that comes from self-directed investing, shoppers need to really feel empowered and in management, but, to take a position confidently, the worth {of professional}, personalised recommendation has by no means been extra essential. Scotia Good Investor will assist them obtain their monetary targets by offering them with the recommendation, management, and confidence to take a position by themselves or e book an appointment with a licensed advisor.”

Scotiabank launches Scotia Good Investor by way of an unique partnership with SigFig, a US-based monetary know-how agency, permitting Scotiabank to be the primary monetary establishment to supply Sig Fig’s proprietary know-how to prospects in Canada

“SigFig is proud to deliver our digital investing platform to Scotiabank’s prospects. It is particularly essential for these within the early technique of constructing wealth to have entry to the appropriate monetary options based mostly on their targets and time horizons,” stated Mike Sha, CEO and Co-Founder, SigFig. “Collectively we’re creating an accessible, versatile and stress-free planning and recommendation expertise, remodeling the way in which prospects have interaction with Scotiabank.”

About Scotiabank

Scotiabank is a number one financial institution within the Americas. Guided by our goal: “for each future”, we assist our prospects, their households and their communities obtain success by way of a broad vary of recommendation, services and products, together with private and industrial banking, wealth administration and personal banking, company and funding banking, and capital markets. With a workforce of over 90,000 staff and belongings of over $1.3 trillion (as of October 31, 2022), Scotiabank trades on the Toronto Inventory Trade (TSX: BNS) and New York Inventory Trade (NYSE: BNS). For extra data, please go to http://www.scotiabank.com and observe us on Twitter @Scotiabank.

About SigFig

Based in 2007, SigFig is an enterprise monetary know-how agency that develops next-generation merchandise for monetary establishments, advisors, and their prospects. SigFig creates options for monetary companies corporations to deliver them nearer to their prospects by seamlessly delivering the appropriate recommendation and options. By its partnerships with monetary establishments together with Wells Fargo, UBS, and Residents Monetary, their wealth administration software is offered to over 70 million shoppers. SigFig has already helped tens of millions of households achieve entry to personalised funding recommendation designed to assist them obtain their targets. SigFig is backed by top-tier enterprise capital companies, together with Bain Capital Ventures, Union Sq. Ventures, DCM, Nyca Companions, and Basic Atlantic, and is headquartered in San Francisco, California. Be taught extra at http://www.sigfig.com.

SOURCE Scotiabank

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