Funding and Distribution Process
Irrevocable transfer instructions are used throughout to securely transfer monies between all counterparties.
- Monies are wired directly in to Havelet's account with Royal Bank of Canada.
- The money is subsequently transferred in to the client's individual investment account.
- A Havelet approved wealth manager purchases securities in accordance with the client's investment objective. Online, view-only access is provided to protect the integrity of the plans.
- Havelet instructs the wealth manager to make distributions to the client as per agreed distribution schedule.