Retire First

Retire First
WikiStock Rating	⭐⭐⭐
Account Minimum	$10
Account Fees	From $10 to $125
Interests on Uninvested Cash	Not Mentioned
Margin Interest Rates	Not Mentioned
Mutual Funds Offered	Not Mentioned
App/Platform	Not Mentioned
Promotions	Not Mentioned

What is Retire First？

　　Retire First positions itself as a client-centric organization, emphasizing the importance of meeting the needs of clients and building long-term relationships based on integrity and quality advice. As a member of the Canadian Investors Protection Fund (CIPF) and an IIROC dealer member, Retire First is regulated and committed to protecting client interests within the financial industry. The firm's focus on growth at a reasonable price and preference for individual equity portfolios over mutual funds with high Management Expense Ratios (MER) reflect their investment philosophy.

　　Additionally, Retire First offers various services such as active financial management, access to daily portfolio information, GICs for low-risk investing, a quarterly newsletter, and competitive foreign exchange rates.

Pros & Cons of Retire First

• 　　Transparent fee structure: Retire First provides detailed information about its fee structure, allowing clients to understand the costs associated with the services they receive.

• 　　Regulated: As a member of the Canadian Investors Protection Fund (CIPF) and an IIROC dealer member, Retire First is regulated and committed to protecting client interests within the financial industry.

• 　　Active financial management: Clients benefit from Retire First's active financial management approach, which aims to adjust portfolios to fit individual risk tolerance and respond quickly to market changes.

Cons

• 　　Strict Regional Restrictions: Retire First Ltd products and services referenced on the website are available only in certain jurisdictions in Canada, and are not intended for or available to persons who reside or are located in other jurisdictions.

Is Retire First Safe？

• 　　Regulatory Sight: Retire First is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and holds a Securities Trading License in Canada. This regulatory oversight ensures that Retire First operates in compliance with industry standards and regulations, providing a level of transparency and accountability in their financial services offerings.



• 　　User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• 　　Security Measures: So far we haven't found any information about the security measures for this broker.

What are Securities to Trade with Retire First？

　　Retire First provides a range of services for clients, from portfolio management to foreign exchange, incluing Managed Account Services, Full Range of Brokerage Services and Products.

　　The Managed Account Services allow clients to delegate investment decisions to an IIROC approved Portfolio Manager, while the Full Range of Brokerage Services and Products encompass various investment options and tools to help clients navigate the financial markets.

Retire First Accounts

　　Retire First offers a comprehensive array of account options to suit a variety of financial needs and goals.

　　Their Registered Accounts include options such as RRSP, SRSP, LRSP, LIRA, TFSA, and RESP, catering to retirement savings, education savings, and tax-free investment growth.

　　The Retirement Income Accounts they provide, including RRIF, SRIF, LIF, and others, are tailored to support individuals in managing their income in retirement.

　　Additionally, their Investment Accounts, such as Cash Account, Margin Account, and Corporate Accounts, offer flexible solutions for different investment strategies.

　　One of their key offerings is the Retire First Managed Account (RMAs), which is particularly noteworthy for its personalized approach. This service allows clients to delegate investment decisions to an IIROC approved Portfolio Manager, who, in partnership with the client, formulates an investment policy statement specifying the client's unique goals and objectives. This statement guides the Portfolio Manager in making timely investment decisions aligned with the client's objectives, offering a level of convenience and flexibility that is particularly appealing to clients with busy lifestyles, frequent travelers, or those who prefer a hands-off approach to investment management.

Retire First Fees Review

　　Retire First provides comprehensive details about its fee structure, which varies depending on different factors.

　　Retire charges a commission fee ranging from 1.00% to 2.25% based on the value of trades. It is important to note that the commission fee is not fixed and varies depending on the transaction amount. Additionally, for trades exceeding $250,000 in total value, the commission fee is negotiable. This pricing structure suggests that higher-value trades may have the potential for lower commission fees, subject to negotiation.

Total Value of trade	Commission Fee
$10,000 to $24,999	2.25%
$100,000 to $249,999	1.00%
$25,000 to $49,999	2.00%
$50,000 to $99,999	1.50%
0 to $9,999	2.75%
Over $250,000	Negotiable

　　Retire First's fee structure includes charges for various types of accounts, indicating additional costs that clients must consider when engaging with the firm. For example, the fee for Retirement Plans (annual) is $125.00 and the fee for Second Retirement Plan - LIRA/RRSP/USD plan (annual) is $62.50. This policy suggests that clients will be facing multiple fees beyond just commission charges, affecting the overall cost and profitability of their investment accounts.

Registered Accounts
Retirement Plans (annual)	$125.00
Second Retirement Plan - LIRA/RRSP/USD plan (annual)	$62.50
RESP (annual)	$50.00
TFSA (annual)	$35.00
RRSP dereg (partial)	$75.00
RRSP dereg (full)	$125.00
Duplicate tax receipts	$10.00
Unscheduled RRIF withdrawals	$25.00

Customer Service

　　Retire First offers comprehensive customer support to its clients. Clients can reach out to Retire First through various channels.

• 　　Telephone: Clients can call their number 1-403-314-5553 or 1-877-324-5553 for any queries.

• 　　Email: The firm offers assistance through email atinfo@retirefirst.com.

• 　　Company address: 1-4610 49 Ave, Red Deer, AB, T4N 6M5.

Conclusion

　　In conclusion, Retire First offers a client-centric approach with a transparent fee structure and a focus on individual equity portfolios. The firm is regulated by CIPF and IIROC, providing a level of security and confidence to clients. Despite the drawbacks, the firm's commitment to transparency and client-focused services makes it a viable option for investors seeking personalized and active financial management. Clients must carefully evaluate the fee structure, account charges, and investment options to determine whether Retire First aligns with their financial goals and preferences.

FAQs

　　Is Retire First regulated？

　　Yes. Retire First is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and holds a Securities Trading License in Canada.

　　Is there any regional restriction in Retire First？

　　Retire First Ltd products and services are available only in certain jurisdictions in Canada, and are not intended for or available to persons who reside or are located in other jurisdictions.

　　What investment strategies does Retire First focus on？

　　Retire First focuses on building individual equity portfolios and active financial management strategies, tailored to meet the risk tolerance and goals of their clients.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.