MCAN Financial Group launches digital GICs

The direct-to-client channel will fit under one of its key brands

MCAN Financial Group launches digital GICs

MCAN Financial Group (MCAN), a mortgage investment corporation, has announced the launch of a new direct-to-client Guaranteed Investment Certificate (GIC) channel under the brand MCAN Wealth, its licensed deposit-taking institution.

“The growth of MCAN Wealth and this new direct-to-client channel represents our ongoing commitment to innovation and client-centric solutions. We believe in empowering individuals to invest in their financial future,” said Don Coulter, president and CEO of MCAN Financial Group.

MCAN Wealth offers GIC products that are available in most provinces. They are eligible for CDIC insurance.

MCAN has been a member of the Canada Deposit Insurance Corporation (CDIC) for about 30 years, with more than 7,000 GIC clients that originated from its deposit broker network. With the expansion, MCAN will be able to further provide investment options to its Canadian clients.