It’s one of the most important investments you can make in your lifetime: your child’s education.
With so many products and companies in the marketplace to help you invest in your children’s future, it’s amazing that any one provider could stand out in the crowd, especially with so much information flooding our inboxes with regards to finances.
However, one company is offering Canadians the opportunity to really focus in on what’s important to them when it comes to investment choice: Global RESP Corporation (GRESP) has the experience and expertise to offer parents easier choices when it comes to education investing.
Global RESP Corporation (GRESP) is a recognized leader and provider of Registered Education Savings Plans in Canada. The company was established in 1998, as a small enterprise from the basement of founder Sam Bouji’s home. In 19 years, GRESP has become one of the fastest growing companies in the RESP market, and is currently one of the few organizations able to administer all provincial and federal grants available to ensure clients are taking advantage of and maximizing all grants.
“I have always been able to see this business for how entrepreneurial it is.”
GRESP is the primary distributor of the Legacy Education Savings Plan and the Advanced Education Savings Plan, sponsored by the Global Educational Trust Foundation and offered by Full Prospectus through registered Dealing Representatives.
GRESP has offices across the country making it easier for clients to access their representatives. GRESP experts operate from coast to coast, and they are “experienced and dedicated professionals from diverse backgrounds and cultures, offering service in multiple languages to help in setting up plans and offering valuable information and advice aimed at choosing the best RESP options.”
CIO had the pleasure of speaking with Hanane Bouji, Sam Bouji’s daughter and current Executive Vice President of GRESP, to discuss what it means to be part of a team securing Canada’s future.
This business, started by my father, has always been part of my life. As an employee and as part of the family, I have always been able to see this business for how entrepreneurial it is. It is an extremely unique working environment and our founder is as passionate about sales as he is about RESPs. That passion is seen throughout the business.
“We have strict guidelines to follow and it is easier for us to navigate because of our specialization.”
People take a lot of pride in the company as we are 100 per cent owned and operated by a Canadian. There is a very special and intimate aspect about the products we sell, as there are a lot of touching stories in our line of work.
The federal grant for RESPs, also known as Canada Education Savings Grant (CESG) was introduced in 1998. For every eligible dollar Canadians contribute, the Government contributes 20% up to a lifetime maximum of $7,200. This was a huge development. Since that happened, the market has grown significantly. As long as the government keeps offering this benefit, there will be lots of competition.
However, we are specialized in the sense that we are focused on RESPs. Banks and other financial institutions offer lots of products and an RESP is just one, but we promote our specialization.
Also, the fact that the regulatory environment has changed since the financial crisis hit has affected the competitive landscape. We have strict guidelines to follow and it is easier for us to navigate because of our specialization.
Additionally, the products we offer can be used for educational purposes internationally.
We always support our clients, in secure, risk-adverse investments. This is a huge area for us. There are a lot of questions clients have when it comes to this type of investment, and we are happy to provide our expertise every step of the way.
We make sure we have the right people ready to help our customers. At the end of the day everyone is in sales, and you are selling yourself first—so our employees understand they are in a people business and they are good at it.
Going forward, we have to stay relevant and we have to adapt to whatever changes happen in the marketplace.Ultimately, GRESP wants to be there when you make important financial decisions for your child’s future.
The Global family of companies includes: Global Insurance Solutions Inc. (GISI), offering life, disability, critical illness, long-term, travel and health insurance, Global Maxfin Investments Inc. (GMII), offering mutual funds, exempt products, RESPs and investments, Global Maxfin Capital Inc. (GMCI), offering corporate finance, institutional security services, retail investor services and private wealth management, and Global Growth Assets Inc. (GGAI), offering investment fund management.
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