Private Banking – Comprehensive

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Sophisticated simplicity

Our Comprehensive offering¹ is built differently to serve the more complex needs of business owners and active investors. You will work with a dedicated Private Banker and their Associate, both experienced in executing borrowing to invest strategies. Clients use our proprietary lending platform to pool wealth assets to support their total borrowing needs. Comprehensive clients access advanced planning specialists who can address more sophisticated needs such as business transition planning and intergenerational wealth transfer.

With your dedicated Private Banker and support team we are ready to ensure your needs are considered with care and tailored to your preferences. And, along with the expertise of our experienced credit specialists, we can ensure your customized line of credit is in place so you can act quickly and easily to maximize your opportunities, without unnecessary trade-offs.

Highlights of the Comprehensive offering include:

Your own dedicated Private Banker and their Associate
Access to strategic financing through our Total Wealth Credit Solution™
Access to information on our borrowing to invest strategies
Concierge and travel management
Hands-on management of time-sensitive transactions in coordination with your other advisors
Access to a range of exclusive banking benefits¹ to complement your everyday banking needs, including preferred pricing on foreign exchange², mortgages³ , and select credit card products (the "Eligible Cards"), including:
- Annual fee waivers4 on the Scotiabank Passport® Visa Infinite*, and Scotiabank® Gold American Express®
- Annual fee reductions on the Scotiabank Passport® Visa Infinite Privilege*^4,5 and Scotiabank® Platinum American Express†^4.6

Borrowing can be strategic

Lending for investment purposes (also known as leveraged investing) is a core competency of our Private Bankers and Comprehensive team:

We combine our knowledge of wealth management, transactional banking and valuation to provide lending guidance customized to your situation and your unique assets.
We will work in coordination with your tax and investment advisors to help you avoid unnecessary trade-offs when raising capital for acquiring new assets.

We can discuss ways to mitigate the risks associated with borrowing to invest.^◊

The Private Banking advantage

As a Private Banking client, you benefit from our Total Wealth Credit Solution™, which gives you uncomplicated access to credit.

Traditional Banks are often siloed around financing solutions for different wealth asset classes, making credit complicated and inefficient with multiple loans and relationship managers. With Scotia Wealth Management, your Private Banker can set up a loan that allows you to borrow against a combination of asset classes, all in one place with a single investment line of credit and, importantly, a single point of contact.

Our process

Along with the expertise of an experienced credit strategist, our Total Wealth Credit Solution™ gives you uncomplicated access to credit and the ability to take advantage of investment opportunities in securities, real estate, insurance or other assets.

An innovative and flexible borrowing platform, it takes many of your wealth holdings into consideration.

We can discuss how our Total Wealth Credit Solution™ can help you take advantage of current or potential opportunities.

Learn more about our Total Wealth Credit Solution

Concierge and Travel Management⁷

Enjoy world-class concierge service through eligible credit cards including the Scotia Wealth Management edition of the Scotiabank Passport® Visa Infinite Privilege* card.

Get 24/7 expert advice with your complimentary and unlimited concierge service in English and French. Whether you’re booking travel plans, looking for restaurant recommendations, or need help finding the perfect gift, your concierge is here to help.

Speak with a Scotia Wealth Management professional today

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Scotiabank is a member of Canada Deposit Insurance Corporation (CDIC)

Legal

®™

Registered trademark of The Bank of Nova Scotia, used under licence. ™ Trademark of The Bank of Nova Scotia, used under licence. Scotia Wealth Management® consists of a range of financial services provided by The Bank of Nova Scotia (Scotiabank®); The Bank of Nova Scotia Trust Company (Scotiatrust®); Private Investment Counsel, a service of 1832 Asset Management L.P.; 1832 Asset Management U.S. Inc.; Scotia Wealth Insurance Services Inc.; and ScotiaMcLeod®, a division of Scotia Capital Inc. Private banking services are provided by The Bank of Nova Scotia. Estate and trust services are provided by The Bank of Nova Scotia Trust Company. Portfolio management is provided by 1832 Asset Management L.P. and 1832 Asset Management U.S. Inc. Insurance services are provided by Scotia Wealth Insurance Services Inc. Wealth advisory and brokerage services are provided by ScotiaMcLeod, a division of Scotia Capital Inc. International investment advisory services are provided by Scotia Capital Inc. Financial planning services are provided by The Bank of Nova Scotia and ScotiaMcLeod. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and is regulated by the Canadian Investment Regulatory Organization. Scotia Wealth Insurance Services Inc. is the insurance subsidiary of Scotia Capital Inc., a member of the Scotiabank group of companies. When discussing life insurance products, ScotiaMcLeod advisors are acting as Life Insurance Agents (Financial Security Advisors in Quebec) representing Scotia Wealth Insurance Services Inc.

Available to Private Banking clients who sign the Private Banking Package Agreement and pay the applicable Private Banking Package Fee, either Comprehensive or Signature (the “Primary Private Banking Client”) as well as to any eligible persons designated by the Primary Private Banking Client (the “Associate Private Banking Client”). All banking benefits, fees and rates are subject to change. Additional conditions may apply. Please visit: www.scotiawealthmanagement.com/comprehensivebenefits for the most current banking benefits that are available under the Private Banking Package.

Rates may vary per client, based on currency and amount requested

The Primary Private Banking Client and Associate Private Banking Client(s) (as defined above¹) are eligible for preferred rates on Mortgages. Preferred rates may vary per client. Additional conditions may apply. Contact your Signature Banker for more details. All mortgages are subject to meeting Scotiabank’s standard credit criteria, residential mortgage standards permitted loan amounts. Preferred rates may vary per application and are subject to change. Additional conditions may apply. Offer may be changed, canceled, or extended at any time without notice.

The Primary Private Banking Client and Associate Private Banking Client(s) (as defined above¹) will receive an annual fee waiver/reduction on any Eligible Cards for each year as long as they remain Private Banking clients. The fee waiver/reduction will be applied to the first annual fee charged on an Eligible Card after the cardholder becomes a Private Banking client, including if the Eligible Card was opened prior to the cardholder becoming a Private Banking client. The annual fee waiver/reduction will not be applied if the Eligible Card is not open or is not in good standing. All other fees, and charges applicable to the Eligible Card continue to apply. See the relevant account agreement for the current annual fees, rates, and other features of the Eligible Cards. Eligible Cards and offers are subject to change. Eligible cards are Scotiabank Passport® Visa Infinite*, Scotiabank® Platinum American Express®^†Scotiabank Passport® Visa Infinite Privilege*⁵ Card and Scotiabank® Platinum American Express®†⁶

The Primary Private Banking Client (as defined above¹) will receive an annual fee reduction of $150 on one Scotiabank Passport® Visa Infinite Privilege* Account and an annual fee reduction of $100 for each supplementary card on the Account.

The Primary Private Banking Client (as defined above¹) will receive an annual fee reduction of $100 on the Scotiabank® Platinum American Express®† Account and an annual fee reduction of $50 for each supplementary card on the Account.

The goods and services Cardholders request or otherwise choose to obtain through the Visa Infinite Privilege Concierge Service are provided by various third party service providers unrelated to Visa. Visa does not endorse, review or qualify these service providers. Visa makes no representations or warranties (either express or implied) about and assumes no responsibility or liability for these service providers or the goods and services that may be obtained through the Visa Infinite Privilege Concierge. Neither Visa nor the Issuer is responsible for any claims or damages arising from use of any benefits or services provided by a third party. Visa cannot guarantee the successful fulfillment of Cardholders’ requests in all instances. There is no fee for the Concierge’s services, however Cardholders are responsible for the cost of any goods or services (including any related fees or costs) authorized by the Cardholder and purchased by the Visa Infinite Privilege Concierge on the Cardholder’s behalf. All costs will be charged directly to the Cardholder’s Visa Infinite Privilege card.

♢

Borrowing to invest may not be suitable for all investors. Using borrowed money (whether through a margin account or any other method of borrowing) to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. In the case of a margin account, you are also required to satisfy margin calls as required by the terms of the margin agreement. The use of leverage can result in investment losses that are greater than with an investment strategy not involving the use of borrowed funds, and which exceed the amount of your invested capital.

®†

American Express is a registered trademark of American Express. This credit card program is issued and administered by The Bank of Nova Scotia under license from American Express.

Visa Int./ Licensed user