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Wealth Professional | 19 Nov 2015, 09:58 AM Agree 0
A veteran investor highlights how a hybrid fee structure could save Canada’s mutual fund industry
  • Tony Battista | 19 Nov 2015, 02:43 PM Agree 0
    Again the fee base is not for everyone. The small investor has little knowledge about investments, you present a bill for the fees in a negative year, even though he/she has been explained, and see if you can collect. Those who propose the changes have been in the field? What do they know about educating a young couple to save for the children education, to buy a house, to create a safety buffer and a retiring fund. And when an advisor meets with a 50 year old with no savings and plenty of unpaid credit cards....
    You cannot take compensation at face value. You have to evaluate the fringe benefits that are attached to it. By the way what does it cost to have a GIC with Bank?
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