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Discount Brokerage Weekly Roundup – April 8, 2016

While April showers might bring May flowers, April is also about the time to start nervously watching the calendar for the ‘sell in May and go away’ moment. For many Canadian online brokerages, however, the hope is that wherever investors decide to go this spring, that they take their brokerage account along for the ride with a smartphone.

In this week’s roundup, we keep it nice and light (we have to enjoy the great weather sometime right?) and take a look at the latest online brokerage to release a new client website.  From there we’ll take a look at a very handy resource for DIY and mainstream investors to enhance their own financial literacy. As usual, we’ll include a look the latest chatter from investors across social media and from the investor forums.

A Classic Move

Another week, another website release. Following on the heels of RBC Direct Investing’s announced rollout of a new website last week, this past week Desjardins Online Brokerage announced that they are launching a new client website for their Disnat Classic account type.

In 2015 Desjardins Online Brokerage unveiled their current website and their latest rollout of an update to the Disnat Classic website provides users with a consistent, clean look and feel. According to their description of the new website, the new ‘classic’ interface will create an easier navigating experience especially around account management.

Even though their branding has changed some time ago, Desjardins Online Brokerage still uses their original branding of Disnat for the two primary DIY accounts offered to investors: Disnat Direct and Disnat Classic.

While Disnat Direct is geared towards more active investors/traders, the Disnat Classic product is geared towards less active investors. And, as such, the new Disnat Classic interface does a good job of catering to the specific needs of the long-term or less active investor.

Screenshot of Disnat Classic’s new website teaser.

One of the great features of the new roll out is the support material that accompanies it. Desjardins has put together a solid selection of tutorials that walk users through the basics of navigating the new layout as well as performing key tasks (such as entering an order or managing accounts).

As far as interfaces go, the classic platform strikes a good balance between usability and features that investors/occasional traders use. In particular, there are handy research tools such as charting and analytics all within the same page and a ‘research’ tab offers more in-depth fundamental insights. While several of these tools (such as Recognia and Morningstar) are available with other brokerages

Similar to the rollout of their refreshed site just over a year ago, this new site for Disnat Classic users offers an interface geared towards modern investors.

The ability to access their new site across multiple devices and screens is even more appropriate for investors who want to stay informed about or manage their account on the go. What continues to be clear though is that Desjardins Online Brokerage continues to focus on user experience and it may just be a matter of time before more and more investors take notice of the efforts being made.

In the Loop

For individuals that are looking for a trusted resources to learn about current events impacting investors, there is a great resource in the newsletter from the Investor Office of the Ontario Securities Commission.

This week’s edition of their newsletter features a great selection of articles on topics such as the risks of binary options and understanding mutual fund series. In fact, there are a number of articles and alerts related to the dangers of binary options and binary options providers that most investors ought to read and stay on top of.

Launched at the end of October 2015, the Investor Office is specifically focused on providing quality information about finance and investing to ‘main street’ investors. And, while the content does definitely contain geographically specific information, the bulk of the material contained pertains to investors across Canada.

To sign up for their newsletter or to access previous issues of the Investor News, click here.

Discount Brokerage Tweets of the Week

Event Horizon

Spring has sprung, and it’s a spectacular week ahead for discount brokerage-sponsored investor education events. Here are some upcoming sessions that may be of interest to options enthusiasts, yield hounds, and those who are new to investing. ETFs, technical analysis and trading strategies round out this week’s selection.

April 12

NBDB – Equities and ETFs – [Fr]

TD Direct Investing – Introduction to Fixed Income

Scotia iTRADE – Leveraged and Inverse ETFs – Understanding them and strategies for using them with Horizons ETFs

TD Direct Investing – Options Trading Using Technical Analysis

April 13

TD Direct Investing – Introduction to Investing in Options

April 14

TD Direct Investing – Introduction to Technical Analysis

Scotia iTRADE – Top Ten Investor Myths with AJ Monte

From the Forums

Green with ETF envy

ETF providers may be more than a little green with envy as TD’s six new ETFs commanding quite a bit of attention this past week in a couple of posts (here and here) on Worth a read for those considering what TD may have to offer with the ETF mix.

Small Potatoes

Every investor has to start somewhere. For this investor from reddit’s personal finance Canada section, using Questrade’s RESP for a couch potato portfolio required a little bit of help from the DIY community.

Into the Close

That’s a wrap on another crazy week. Wherever you happen to be when reading this week’s roundup, don’t forget to take some time out to relax from behind the screen to have a little fun. In the meantime, for those considering the ‘sell in May’, here’s an idea that can get you in the summer spirit. See you next week!


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