What advantages does letting TDAM manage insurance reserves have over investing them independently?
Investing in securities independently is a complex and expensive process. TDAM has extensive experience of managing assets on behalf of institutional investors and is committed to delivering maximum returns. We operate to the most professional standards, as indicated by our FCSM licenses.

What advantages do managed accounts have over mutual funds as vehicles for investing insurance reserves?
Unlike with mutual funds, the proportion of insurance reserves that may be invested in managed accounts is not capped at 5%. Moreover, an insurance company can create a unique investment portfolio based on its desired risk, return and liquidity parameters.

May funds be withdrawn at any time?
Yes.

What taxes is an insurance company liable for?
Any income is liable for the profit tax.

What is the difference between investing in a managed account and in a mutual fund?
Managed accounts require substantially higher minimum investments and commission is charged on both the sale and purchase of shares. However, they offer individual strategies and enable the timeframe of insurance payouts to be taken into account.

How does one open a managed account?
The process is straightforward:

• Choose an investment strategy and fill out an application form.
• We will provide you with a managed account agreement.
• Sign the agreement and send it to us with the requisite documents.
• Money can then be transferred whenever necessary.

What information do you provide?
We provide the following:

• Statement showing the account balance.
• Profit and loss report.
• Portfolio breakdown.
• Summary of the fees and commission charged.