All CI Direct Investing investments are liquid, and in most cases funds can be in your Canadian bank account in approximately 10 business days from when you make a withdrawal request.
Here is what happens when you request a withdrawal:
After we receive your instruction, CI Direct Investing will sell the holding in your account at the next reasonable opportunity. ETFs are traded daily and the Nicola Wealth funds trade weekly on Fridays. After the holding is sold we wait for the cash to reach your CI Direct Investing account which typically takes 2 business days. Once we confirm the cash is in your CI Direct Investing account (trade has settled) we instruct the custodian to send it back to your linked bank account which typically takes up to 5 business days.
If you wish to switch to a different portfolio, simply connect with a CI Direct Investing advisor to assess if the new portfolio is appropriate for your financial situation. Once our advisors have approved the switch, your investments will be traded on the immediate following trade date.