Fee structure

Mutual fund fees decrease returns: ESMA report

If you don’t find the Cumming research on mutual fund fees, flows and performance convincing, another mutual fund study has been published by the European Securities and Markets Authority (ESMA). Read: Industry response to embedded commissions ban: IFIC and Advocis The study analyzes mutual fund returns in relation to ongoing fees, one-off charges and inflation, […]

By Staff |October 25, 2017

1 min read

Industry

Why cost of mutual funds is dropping in Canada, U.S.

A study of mutual fund ownership and fees across North America

By Staff |October 4, 2017

3 min read

Industry

ASC to hold forums on embedded commissions paper

The Alberta Securities Commission (ASC) will hold open forums to further explore issues raised in CSA’s consultation paper on the option of banning embedded commissions. The sessions will take place on Monday, October 23, 2017, from 1 to 3 p.m. in Calgary and on Tuesday, October 24, 2017, from 1 to 3 p.m. in Edmonton. […]

By Staff |October 2, 2017

1 min read

Industry

How to avoid losing a client’s trust

Clear communication is required on a certain issue

By Staff |October 2, 2017

2 min read

Clashing views at embedded fee roundtable

Expect policy on embedded commissions to be published in early 2018. So said John Mountain, the OSC’s director of investment funds and structured products, at Monday’s roundtable discussion on the proposal to ban embedded fees. Maureen Jensen, OSC chair, specified springtime. Though the roundtable focused on three alternatives to banning embedded fees, Jensen made clear […]

September 19, 2017

6 min read

StatsCan confirms client income cited in embedded fee paper

As the conversation on embedded commissions continues, new data from StatsCan shed light on Canadian incomes — data that concurs with the description of mass-market households as described in CSA’s proposal. Read: OSC’s embedded commissions roundtable agenda The median total income of Canadian households was $70,336 in 2015, reveals StatsCan census data released today. Though […]

By Staff |September 13, 2017

2 min read

BMO Investments drops fees, raises minimums for Ascent Portfolios

BMO Investments Inc. has made changes to the BMO Ascent Portfolios, which include: Effective immediately, the management fee applicable to Series A securities of each portfolio is reduced to 1.40% from 1.50%, and the management fee applicable to Series F securities is reduced to 0.65% from 0.75%. Read: Advisors who don’t discuss fees risk losing […]

By Staff |August 30, 2017

1 min read

Desjardins reduces management fee for certain ETFs

Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor of Desjardins ETFs, is reducing management fees for some ETFs, effective August 23, 2017, as shown in the table below. Read: Advisors who don’t discuss fees risk losing clients: survey Desjardins Canadian fixed income ETFs Ticker symbol (TSX) Current management fee % New […]

By Staff |August 22, 2017

1 min read

Fee structure

Mutual fund fees decrease returns: ESMA report

Why cost of mutual funds is dropping in Canada, U.S.

ASC to hold forums on embedded commissions paper

How to avoid losing a client’s trust

Clashing views at embedded fee roundtable

Are advisors worth their fees?

NCM launches flat-fee mutual fund

StatsCan confirms client income cited in embedded fee paper

BMO Investments drops fees, raises minimums for Ascent Portfolios

Desjardins reduces management fee for certain ETFs