How do I transfer my account to Network Wealth Private Investment Management?

We're happy to hear you'd like to transfer funds into Network Wealth Private Investment Management!

Transferring from an external account is useful when your existing account is registered (e.g., RRSP, TFSA, etc.) and you want to transfer your funds to Network Wealth Private Investment Management without using up your contribution room. Initiating an external transfer allows you to do just that.

If you wish to move cash or transfer from a non-registered account (sometimes called a "Personal" or "Cash" account), it's usually faster and easier for you to set this up as a regular investment contribution.

Otherwise, if you have an existing registered account, we make it easy to initiate the transfer.

Step #1: Complete Onboarding

If you haven't already done so, you'll need to create your profile and complete the onboarding process.

We need this to know where the funds should be transferred to.

Step #2: Make the Request

After you've created your profile and initiated your account, you can make an external transfer request by following these steps:

1. Navigate to the goal you wish to transfer into
2. Click on “Invest”
3. Choose the external transfer option

At this step, we’ll ask you for details such as the financial institution you’re transferring from, your account number and type, your preferred transfer method, and an estimated total amount you wish to transfer.

Step #3: Waiting is the Hardest Part

Once we receive your request, you should see your funds liquidate from the transferring institution and appear in your Network Wealth Private Investment Management account within 8-12 business days. Depending on your transferring institution, the entire process can take up to 20 business days, though we see most occur much more quickly.

Once your funds arrive, we'll invest them for you automatically and you'll see changes reflected in your portfolio shortly after.

Meanwhile, if you have any questions about the transfer process or need help, you can get in touch with our support team.

Full vs. Partial Transfers

If processing an in kind transfer

We'll coordinate with your relinquishing institution to seamlessly transfer your investments to Network Wealth Private Investment Management. Please get in touch with our support team if you need any assistance.

If processing a full cash transfer

We'll send your relinquishing institution instructions to liquidate the account and sell all your investments before transferring the cash to Network Wealth Private Investment Management. 

Depending on your situation - for example, if transferring a group RRSP from a previous employer, your relinquishing institution may also process an account closure (and associated fees) as part of this transfer.

If processing a partial cash transfer

We'll send your relinquishing institution instructions to transfer cash up to your estimated amount. If the amount of cash available is less than what you've estimated, the relinquishing institution may sell assets in the account to make up the difference.

If you anticipate the estimated amount to be more than your available cash: we recommend you fulfill any such sell orders yourself first to make sure you can control which assets are sold.

Need more information?

If you have any further questions or concerns, you can submit a request to the Network Wealth Private Investment Management support team, and someone will be in touch with you shortly!

Frequently Asked Questions