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Our fees
We charge an annual advisory fee based on the total value of your combined accounts. This fee is billed monthly and is deducted from your investments. With this option there are no fees on any withdrawals. Our advisory rates below exclude GST/HST/PST.
As you can see we can invest in the same exact funds as the bank and save you money on fees. This is an advantage stemming from our fee based investing practices. Although we can invest in the same funds at a discount, you will also have personalized ongoing service, as well as a financial guide that is there for you 24/7.
| Level | Assets by client | Honorary fees per years |
|---|---|---|
| 1. | 0$ to 1,249,999$ | 1.00% |
| 2. | 1,250,000$ to 1,999,999$ | 0.90% |
| 3. | 2,000,000$ to 2,999,999$ | 0.80% |
| 4. | 3,000,000$ to 4,999,999$ | 0.70% |
| 5. | 5,000,000$ and more | 0.50% |
Family asset grouping program
Our advisory fee is calculated based on the family asset group of all combined accounts. The family asset group includes all family members.
Client file example:
- Mary’s assets total $649,564. Mary would be charged a 1.00% advisory rate.
- Mary’s brother, John has $239,489 in assets. John would be charged a 1.15% advisory rate.
- Mary’s parents have $1,179,742 in assets. Mary’s parents would be charged a 1.00% advisory rate.
With our Family Asset Grouping Program their combined assets total $2,068,795 which means Mary, John and their parents will now each be charged a 0.80% advisory rate. Mary will save $1299 per year, John will save $838 per year and their parents will save $2,359 per year. With our Family Asset Grouping Program the total savings for the family is $4,496 per year.
Tax Deductible
A tax receipt will be issued by our Mutual Fund Dealer, PEAK Investment Services Inc. Our advisory fee can be tax deductible. We recommend you consult with your chartered accountant or tax preparer first before proceeding.
