Desi News Corp - Index

Desi News Corp - Desi News - June 2009 - Index

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“After completing the five-month program, I did my volunteer
placement at a bank and then worked at the bank for a year-anda-half.
Once I got my CFP designation, Scotiabank made me an
offer I couldn’t refuse!”
Scotiabank partners with a number of agencies that help to retool
and train immigrants for employment in the new country of their
choice, including hiring through the co-op program, says Rania
Llewellyn, Vice-President, Multicultural Banking. “We believe in
utilizing to mutual advantage the qualifications and strengths that
immigrants bring to the country.”
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Get up to a $1000 unsecured Visa
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Amin wants to save his clients the hassles he faced as a new
immigrant. He talks about a surgeon who came to the bank
looking for advice. Amin not only signed him up for StartRight TM
Program, he also told him about the bank’s Professional Program,
offered by the Student Loans Centre, under which immigrants in
bridge programs or even full-time business courses can be eligible
for loans of up to $150,000, sometimes unsecured.
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“I found it hard to get a credit card when I came to Canada in
spite of having $50,000 in the bank. Now qualified StartRight TM
Program clients can get up to a $1000 unsecured Visa. Also,
those that qualify can purchase a home right away under the
Welcome to Canada mortgage. They can also put their funds in
cashable GICs that guarantee a 1 per cent bonus on top of the
posted rate.”
“The right advice
makes all
the difference.”
NIRAV K AMIN
Financial Advisor, McVean
and Cotrelle Branch,
Brampton, 905-794-7469
got my licence. When a client comes back and says something we
discussed helped him or her in a certain way, that is the most rewarding
part of my job.”
He tells clients to get into the habit of saving on a regular basis.
“People are now saving not just for retirement, but also for a rainy
day, for something to fall back on. With the mortgage rates so low,
right now they are better off investing rather than paying down
their mortgage. I tell my clients to ‘pay’ themselves first, to save.”
Amin, who is planning to take his son Harshit, 9, and daughter
Vidhi, 2, out for a movie for Father’s Day, says friends in India
ask him about life in Canada.
“I tell them to come here for a holiday first, to see the place for
themselves, and then make up their minds. Then I point them to
www.startright.scotiabank.com.
“There’s so much info there, it guides you and tells you what to
do when you land, it links you to job sites...it’s a comprehensive
resource.”
Do it right with StartRight TM
• FREE Day-to-Day Banking 1
(The Scotia Powerchequing® account)
• No-Fee Scotia Moneyback® VISA* card 2
• FREE Safety deposit box 3
Discover Scotiabank for yourself!
For more details, visit your nearest branch,
www.scotiabank.com/branchlocator,
www.startright.scotiabank.com
or call 1-866-800-5159.
† Scotiabank StartRight program, created for Canadian landed immigrants
from 0-3 years in Canada.
1
Free banking for one year when you open a new Scotia Powerchequing
“New immigrants don’t want
to see their funds lying idle,”
says Pankaj Mehra, Director,
India and South Asia Markets.
“Unlike Scotiabank’s StartRightTM Program, other financial
institutions offer GICs, but usually the funds are locked in and
there’s a loss of interest and a penalty on early encashment.”
Amin believes in building relationships with his clients while
advising them on the best ways to meet their financial goals.
“During a 45-minute session, we spend maybe just 15 minutes talking
about money. The rest of the time, I give them information useful to
settling in, share my experience, etc. I still remember the people who
gave me rides on days when it was snowing heavily and I hadn’t yet
account with Scotiabank. Free banking offer refers to all account monthly
transaction fees for the Scotia Powerchequing account package; additional
fees apply for shared ABM services, cross-border debit transactions and all other
banking services not included in the Scotia Powerchequing account package.
2
No-Fee Scotia Moneyback VISA card subject to meeting Scotiabank’s
eligibility and credit criteria.
3
Free small safety deposit box or 25% of f other sizes for 1 year subject to
availability and signing the Safety Deposit Box lease.
For Mortgage: Subject to property meeting Scotiabank and/or CMHC/Genworth
Financial Canada credit and lending criteria for residential properties.
* VISA Int./Lic user The Bank of Nova Scotia. ® Registered trademarks of The
Bank of Nova Scotia. ™ Trademark of The Bank of Nova Scotia.
THIS ADVERTORIAL IS PREPARED BY SCOTIABANK
June 2009 Desi News 33