[CuriousReader]

Hi,

I am wondering if anyone had ever gone through with converting their TD Mutual Funds account into their eSeries account?

I currently have my RRSP in TD Mutual Funds account, and I want to convert it to eSeries account - but I want to make sure they keep the money in RRSP and not take-it-out-put-it-back-in type of thing.

Another question is, how does the funds get converted to eSeries funds? Do they stay as the same fund, or does each of the fund have a "one-to-one relation" with an eSeries fund that they converted to?

Thanks!

 

[DrStan]

Hi there,

I have done it for my daughter's RESP. I assume the process would be the same for an RRSP. After you send in the form to convert your account and the account is actually converted, you will have access online to the e-Series that you will be able to purchase from your account. "Converting" doesn't convert your mutual funds automatically to e-Series, however, since you can hold the regular funds and the e-Series in your account. For instance, our RESP holds a bit of the regular money market account and the rest is equities. To move into e-Series, you will need to sell your funds, wait until the money goes back into your account, and then purchase the e-Series units. Very simple. It works very well.

 

[CanadianCapitalist]

I've done this as well. As DrStan says, you simply fill out and send in a form and you'll be required to get a EasyWeb card (if you don't have one already). Then you log in and switch your existing funds into e-Series funds. Simple as that!