TD Asset Management announces funds and fees shakeup

TD Asset Management announces funds and fees shakeup

TD Asset Management announces funds and fees shakeup TD Asset Management has announced that it will decrease the maximum annual management fees for 45 TD mutual funds, including its fee-based series offering, on or around March 28.

"We continually look for ways to help advisors assist clients in reaching their investment goals," said Bruce Cooper, chief executive officer of TD Asset Management. "Reducing our already competitive management fees is a great example of how we strive to do this."

The reductions in the maximum annual management fee vary among selected fund products and series, from as little as a 0.05% decrease for the TD US Risk Managed Equity Fund F Series to as much as 0.20% for the TD North American Dividend Fund F Series.

At the same time, the firm has announced plans to simplify its high-net-worth (HNW) offering. Changes will be made to certain mutual funds’ premium series, premium F-series, K-series, and PS-series through one of the following actions:
  • Termination of the series;
  • Closing the series to all purchases;
  • Closing the series to purchases by new investors; or
  • Transferring security holders of one series to another that will have the same fees and features.
All HNW series to be shuttered have been closed to purchases, with their termination to be finalized on or about March 28. The rest of the changes will take effect on or about March 28 as well.

The reduced pricing and streamlined fund lineup will simplify the approach to pricing, making the determination of which TD mutual fund series will be appropriate for investors much more convenient.


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