GICs

RRSPs and RRIFs GICs Medical Plans Segregated Funds Critical Illness Coverage Life Insurance Products

Guaranteed Investment Certificates are simply a way to invest money for a fixed term at a known and guaranteed interest rate. GICs are used to provide a degree of certainty, either by themselves or as part of a portfolio of investments. At Braun Financial we have access to GICs with a number of financial institutions so that we can "shop the market" on your behalf to ensure the GIC interest rates we offer are always very competitive. We tend to use GICs offered by insurance companies. Their rates are always very competitive, we can offer rates for non-locked in funds that are often as high or higher than locked-in GICs and from an estate planning point of view, they offer the ability to name a "preferred beneficiary" (parent, spouse or children). This means that at death, the proceeds of your GICs go directly to that preferred beneficiary and by-pass your estate. This reduces probate costs and speeds up the time it takes for the proceeds to reach your beneficiary. Another benefit of letting Braun Financial handle your GIC portfolio is that we look after the renewals for you. Prior to your GIC renewing, we will advise you of the best term for your unique situation and who offers the right product. Hassle free!