Press Releases
ONE Financial Announces RSP Loan Program Through Partnership With AGF Trust
Toronto, Ontario - February 8, 2006
ONE Financial today announced it is partnering with the AGF Trust Company to provide an RSP loan program to Canadian advisors and their customers.
According to Jeffrey O'Brien, president and CEO of ONE Financial, the program allows investors to conveniently maximize their retirement savings. "All too often, people can't make the most of their RSP contributions," he says. "So, it takes them longer to reach their financial goals. By borrowing to invest for their RSPs, they put more money to work earlier, bringing them that much closer to their retirement goals. As well, investors receive the additional benefits of reduced taxes today and potentially higher tax refunds. Our program's online application makes the process quick, simple and accessible."
Overall, the program provides RSP loans with three options: The Contribution Loan, for Canadians who want to make their current year RSP contributions yet lack sufficient disposable income; The Top-Up Loan, for clients who contribute regularly to their RSPs and want to make their maximum allowable contributions for the current year; and the Maximizer Loan for individuals with previous unused contribution amounts who want to maximize their contributions.
Rates are as low as Prime minus one percent and there are no set-up fees. No proof of income is required for loans under $50,000 and loan payments may be deferred up to 180 days after funding. The program is available for those investing in the ONE Financial Profit Lock-In™ and Profit Lock-In and Cashflow™ Notes.
Says O'Brien, "We've always prided ourselves on ensuring our advisors have the tools they need to grow their businesses. This is just another step in that direction. And, investors in our new Notes can continue to benefit from the guarantees of 100% principal protection and 100% profit protection. They can also enjoy the ability to switch between the 10 different asset classes in Canada's only family of guaranteed linked notes."
ONE Financial Corporation is focused on providing Canadian investors and their financial advisors with innovative wealth management solutions. Since pioneering the introduction of the first stock-market linked note available to all financial advisors and their clients across Canada in 2001, ONE Financial has raised more than $250 million in this exciting asset class. The company is headquartered in Toronto, Ontario and is one of Canada's fastest growing investment firms.
Important Information
Important details about each of the Notes are described in each product's Master Information Statement and the relevant Information Statement Supplement (the "Offering Documents"); investors should obtain and read carefully a copy of the relevant Offering Documents (available on request) prior to investing, paying particular attention to the risks associated with an investment in the relevant Notes.
