Olympia Trust Company to Increase Self-Directed Account Fees
06 November 2012 - 5:04AM
PR Newswire (Canada)
Olympia Trust Company to Increase Self-Directed Account Fees
CALGARY, Nov. 5, 2012 /CNW/ - Olympia Financial Group Inc.
(TSXV: OLY) announces that its wholly-owned subsidiary Olympia
Trust Company ("Olympia") will be increasing the annual
administration fee for its self-directed accounts from $125 to $150 effective January 1, 2013. Olympia currently has 71,690 self-directed
accounts.
Olympia is also
pleased to advise that it anticipates acquiring an additional 3,000
self-directed accounts by year-end from an administrator that is
exiting the self-directed account marketplace. The
administrator that is transferring these self-directed accounts to
Olympia has received approval from
Canada Revenue Agency to transfer the accounts and has sent notices
to its customers advising of the change.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Olympia Financial Group Inc.
Copyright 2012 Canada NewsWire
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