A Self-directed account is a type of account for which the plan administrator is the dealer. Monies are held at the financial institution by the dealer in trust for the client. In a Self-directed account, one can hold mutual funds, segregated funds and fixed income products in Canadian dollars only. A Self-directed account must always contain the necessary assets to cover payments to be made in disbursement plans. In the case where cash assets are insufficient, a redemption with fees will be carried out.
Mutual funds are distributed through Desjardins Financial Security Investments Inc.