CANOPUS INVESTMENTS Limited


Discount New Zealand Sharetrading Accounts

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Legal Notice

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Any costs claimed in association with links made to or from this website will incur a reciprocal charge 100% greater than the cost claimed by the corresponding party, unless specifically exempted in writing by Canopus Investments Limited.
Low cost share trading accounts with access to free investment advice and research.

Canopus sharetrading accounts have been designed to enable Canopus clients to hold equities directly in their own names as part of a diversified investment portfolio. These accounts provide access to investment advice and research at low brokerage. There is no minimum balance to maintain in the account, no minimum number of transactions and no ongoing account fees. A Financial Adviser Disclosure Statement is available on request, free of charge.

For each sharetrading account, an associated cash management account is opened in the client's own name. The associated cash management account is a true bank account, accessible with full online banking facilities and paying a competitive on call interest rate on a credit balance. Hence there is no risk from funds being held in a “pooled broker account”. Canopus does not pool client sharetrading account funds.

Transaction and clearance functions for Canopus sharetrading accounts are carried out by ASB Securities Limited, member of the New Zealand Stock Exchange.

The base account is a New Zealand dollar account, but on-call accounts may also be opened in Australian or United States dollars, British pounds, Euros or other major currency.

The purchase price for any “buy” order must be available in the client’s cash management account before that order can be executed. The cost of the order, including brokerage, will be automatically debited to the client’s cash management account. Proceeds from any “sell” order will be paid directly into the same account.

Canopus sharetrading account holders do not need to operate online sharetrading facilities themselves. Orders are sent to Canopus by email, telephone or fax, and will be placed by Canopus for execution using an online trading facility. Hence these accounts are not suitable for day trading.

In addition to trading the New Zealand and Australian Stock Exchanges, residents of New Zealand and Australia can use these accounts to access other major world stock exchanges. In these cases shares purchased may be held through a nominee account.

Canopus sharetrading accounts are only avilable to residents of New Zealand and Australia.

Canopus Investments reserves the right to accept or decline any application for a Canopus sharetrading account and the right to terminate an account at any time.

Brokerage Rates

STOCK EXCHANGE		  	Brokerage per Trade 


New Zealand Stock Exchange	0.6% for orders NZ$6000 and over.
(NZX)				A minimum transaction fee of NZ$34.95 applies.
				A standard NZSX fee of $4.50 applies to all transactions.

Australian Stock Exchange	0.8% for orders A$6000 and over. 
(ASX)				A minimum transaction fee of A$49.95 applies.

New Zealand Bonds and		0.6% for orders NZ$7500 and above.
Government Stock		A minimum transaction fee of NZ$45.00 applies.


UK Stock Exchange		Fees and conditions available on request

US Stock Exchanges		Fees and conditions available on request
				
Other World Exchanges		Fees and conditions available on request

(rates subject to change) 
      		


From time to time Canopus may have special share offers or initial public share offers (IPO's) available. Canopus sharetrading account holders will receive priority allocations for these issues.

How to Apply

Simply contact Canopus by email, telephone, fax or post to request an application form. See our contact page for full contact details.

After completing your application form, return it to Canopus at

Canopus Investments Limited
PO Box 101662
North Shore Mail Centre
Auckland 0745
New Zealand

For more information contact:  Alan King at Canopus Investments Limited.


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Conditions of use of this website

Use of this website denotes agreement to the following conditions:

Disclosure

"Canopus Investments" is the registered trade mark of Canopus Investments Limited, a privately-owned New Zealand investment company.

Canopus Investments Limited, its directors, officers and associates, may hold or apply for investments mentioned on this website for their own investment purposes.

A Financial Adviser Disclosure Statement is available on request, free of charge.

Disclaimer

Information provided on this website does not constitute a recommendation or advice to purchase any investment, product or service listed or mentioned on this website. Information displayed on this website is not intended as specific investment advice and should not be relied on for making investment decisions. Investments mentioned on this website may not be appropriate for individual investment objectives or individual financial circumstances. Investors requiring specific investment advice should consult Canopus Investments Limited.

To the maximum extent permitted by law, neither the owners, managers, employees nor associates of Canopus Investments Limited accept any liability whatsoever for any loss or damage resulting from the use of information obtained from this website or from any other publication produced by the owners, managers, employees or associates of Canopus Investments Limited. Neither the owners, managers, employees nor associates of Canopus Investments Limited guarantee the expected return or any other return from investments mentioned on this website or purchased through Canopus Investments Limited.

Information provided on this website is compiled from information believed to be accurate at the time of publication but no guarantee as to the accuracy of information displayed on this website is given, intended or implied.

Information provided on this website is not intended to create, nor does it create, any legal obligation, responsibility or contract between the owners, managers, employees or associates of Canopus Investments Limited and any other party.

Handling of client funds

Canopus Investments Limited does not bank or hold investment monies received on behalf of clients unless by special request or arrangement. When held on behalf of clients through special request, client funds will be held on trust in a separate special purpose account. In the normal course of business, investment monies will be passed directly to the securities issuer. All Canopus sharetrading account holders are issued with an individual true bank account from which share purchases are funded and to which share sale proceeds are deposited. Canopus does not pool sharetrading account funds.

Applications

Information on this website does not constitute an offer of primary issue securities as such offer can only be provided through delivery of the formal offer document. Application for primary issue securities will only be accepted when made on the application form accompanying the investment statement or other formal offer document.

Restrictive jurisdictions

No investment, product or service referred to on this website is, or will be, knowingly offered to any person or entity residing in, or subject to, a restrictive jurisdiction where the offer of such investments would be unlawful. Any person or entity requesting information about, or making application for, any investment, product or service referred to on this website, will be deemed to have declared that the person or entity making the request or application is free to receive such offers and is not subject to any restrictive jurisdiction where such action would be considered unlawful.

Copyright

Information published on this website is provided strictly on a non-predjudicial basis only. It may only be used for the purpose for which it is intended, that is, the obtaining of financial services information. International copyright to the material published on this website is held by Canopus Investments Limited. Unless specifically authorised by Canopus Investments Limited in writing, all copying, forwarding or alternative use of information obtained from this website, by any individual, entity, corporate, state or representative of such entities, in any manner whatsoever, is prohibited and may be deemed to constitute breach of copyright.


Privacy Policy

Canopus, brilliant southern star of the constellation Carina (The Ship's Keel), navigational beacon to traders and explorers over centuries, from sailing ships to spacecraft, now lends its name and aura to an enterprise dedicated to providing business and private investors with the same basis of security and direction.