Canadians are paying some of the highest investment management fees in the world, and these fees can have a massive impact on the ability of your portfolio to grow. With a whopping $1.68 trillion held in mutual funds, Big Banks and Mutual Fund Dealers are making big bucks on your investments. It’s time to take control of your finances and start thinking about the long-term impact of these fees on your portfolio’s growth.
Did you know that a 1% reduction in management fees on a $100,000 portfolio can make a difference of up to $100,000 in portfolio value over the life of your retirement plan? Fees matter more than you might think.
But don’t worry, there are solutions.
You can use this handy Investment Calculator to see the impact that a small reduction can mean to your returns over the long haul.
If you’re struggling to calculate your investment expenses, our free Investment Fee Audit Service can help. Just upload your investment statement, and we’ll send you a detailed report outlining your portfolio’s management fees.
But how can you actually lower these fees? Consider:
- self-directed investing,
- index funds, or
- fee-based accounts.
Don’t let investment management fees control your financial future. Take control and start investing wisely.
Contact us today to learn more about these lower fee alternatives!
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