Since its inception in 1998, Global RESP Corporation has been shaping the financial future of countless Canadians. The proactive, forward thinking financial services firm has worked tirelessly to ensure that client’s receive the most from their investments and the results have been astounding. The Global family of companies a non-legal entity which began in simply as Global RESP, and has now grown to include several sister companies is now one of Canada’s premier financial services providers, and has successfully assisted over 350,000 Canadians secure their financial futures.
WITH OFFICES IN Toronto, Vancouver, Montreal, Calgary, and Halifax, the Global entities are strategically situated to best serve customers across the country. The Global family also operates affiliate offices in many other regions throughout Canada.
The Global family of companies operates as a group of sister companies, each specializing within a niche market : Global Maxfin Investments Inc. (GMII), offering mutual fund solutions; Global Maxfin Capital Inc. (GMCI), offering investment solutions; Global Insurance Solutions Inc. (GISI), offering life and disability insurance; Global Growth Assets Inc. (GGAI), offering long-term investment solutions, and Global RESP Corporation (GRESP), offering the Global Educational Trust Plan (GETP), a Registered Education Savings Plan (RESP).
Sam Bouji, founder of the Global family of companies, believes his business can truly help Canadian’s reach their full financial potential.
“We have many different types of clients,” Bouji tells the Canadian Business Journal, “These clients have a variety of different needs. Each area [of Global] caters to the individual needs of these different clients.”
Bouji’s proudest achievement lies in the success of Global RESP Corporation. Through providing secure education savings plans to Canadian families, the GETP has successfully enrolled over 119,000 children beneficiaries into the Plan. As of August 2014, the Global Educational Trust Plan has over $1 Billion in pledged deposits and over $565 million in assets under administration.
Global RESP Corporation is currently the only Scholarship Plan Dealer to consistently deliver a positive rate of return.
“Our focus really is on secure investments,” says Bouji, “Global [RESP Corporation] has never had a negative year since its establishment. Even when the market is down, such as in 2013, we have always shown positive returns and provided clients with a decent return.”
A key aspect of Global’s registered education savings plan’s offering is its flexibility. Families can decide when, how, and who receives their financial investment. All clients can rest assured their investments are handled by the most qualified and experienced fund managers.
The GETP also provides flexibility in how funds are later used. While many competing RESP providers dictate when funds can be retrieved, Global’s clients can retrieve and utilize funds at any point throughout the year.
In order to allow Canadian students to reach their full potential, GRESP operates on an international level. The firm approves has provided Educational Assistance Payments at post-secondary institutions in over 37 countries worldwide, allowing young people to truly learn in a place and way that’s best suited for them. Sam Bouji explains, “The most important thing to us is that each child gets the education they need… The beneficiary can use the money within whatever term is suitable for them.”
To date, the GETP has provided over $204 million in education funding. Although the refund is always discretionary, the Global Educational Trust Foundation has refunded 100% of sales charges (enrollment fees) to eligible beneficiaries.
As expressed by Bouji, profit is not the bottom line at GRESP. Giving back to the community has always been a core staple in the business’s model. To date, Global RESP Corporation has donated over $2 million to charitable organizations across Canada, including Skills for Change of Metro Toronto, Credit Valley Hospital Foundation, Dreams Fulfilled Relief Organization, and the Canadian Association for Medical Relief.
The GETP also offers an annual Education Savings Plan Contest with a potential value of $20,000. The winner receives contributions from GRESP and is put towards their future education, bringing them one step closer to achieving their academic dreams.
Bouji’s dedication to changing the lives of Canadian’s through financing further education has been recognized extensively. In 2002, Bouji received the Queen’s Golden Jubilee Medal, an award presented by the Governor General on behalf of the Government of Canada to individuals who have made a significant contribution to the continued welfare of the nation.
In 2010, Bouji was recognized as Entrepreneur of the Year by Skills for Change, Ontario during their Annual New Pioneers Awards, an achievement that recognizes the outstanding successes of new Canadians. Bouji, who immigrated to Canada from Egypt in 1989, received the award for his accomplishments and contributions to Canadian business and society.
As the Global family continues to grow, Global RESP Corporation will remain an integral part of the family. As put by Bouji, “Our children are our future. They are the closest thing to my heart. When I see a child succeed, I see our future.”