January 16, 2007 10:55 ET

National Bank Direct Brokerage Launches One of the Most Comprehensive Asset Allocation Tool in the Industry

MONTREAL, QUEBEC--(CCNMatthews - Jan. 16, 2007) - (TSX:NA). National Bank Direct Brokerage (NBDB) is proud to launch its asset allocation tool on its transaction website. This highly sophisticated tool, considered one of the most powerful on the market, is being made available to NBDB clients in order to provide them with even more effective support in choosing their investment mix.

Using the exclusive features of this tool, investors can, among other things:

- select all investments they currently hold;

- automatically allocate investments across different asset classes;

- include shares, fixed-income securities and mutual funds; and

- combine the different accounts associated with their user code.

In addition, investors who carry out more than 30 stock or options trades per quarter, via NBDB's electronic trading systems(i) will benefit from a commission of $4.95 on stock trades. This fee, one of the most competitive on the market, officially took effect on January 15, 2007 for all investors who qualify.

NBDB is committed to simplifying direct brokerage while meeting the expectations of the most demanding investors so they can make informed investment decisions.

NBDB has more than 100 securities representatives who can meet the particular needs of investors who opt for direct brokerage solutions and can accompany them in developing their investment strategies. NBDB is the 4th largest direct brokerage firm in Canada(ii), and the leading broker in Quebec based on market share. A subsidiary of National Bank of Canada, NBDB also operates outside Quebec under the name Altamira Securities.

(i) Applies only to transactions performed via NBDB's website or its Interactive Voice Broker.

The evaluation period extends over the three months preceding the first day of each month. Except for this rate, the commission and fee schedule continues to apply. Certain conditions may apply.

(ii) Source: Investor Economics, September 2006: Average assets per account.

About National Bank of Canada

National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $116 billion in assets and, together with its subsidiaries, employs 16,972 people. The Bank's securities arelisted on the Toronto Stock Exchange (TSX:NA). For more information, visit the Bank's website at

The telephone number provided below is for the exclusive use of journalists and other media representatives.

Contact Information

  • National Bank of Canada
    Denis Dube
    Senior Director - Public Relations