Kathy Waite
Investment companies have been dragged kicking and screaming into 2017 forced to disclose their fees. Its been a half job, they disclose commission not total cost and performance but not against a bench mark so its hard to tell if you did well for the cost. Its not just about $ its about value for money. Do you feel looked after? Does your advisor take you seriously or brush off your concerns?
Which would you rather have? $432,000 from the average mutual fund or $762,000 from a 1% fee only advisor?
Run out of money at 79 or 93?
Get in touch k@yournwm.ca 306 535 2255
But those who seek to go the DIY route should consider a few potential obstacles, experts say
Traditional investment advisers often create unnecessary conflict
kathy waite , fee only financial planner, fee for service, retirement , fees, investments Saskatchewan, money coach
Most investment shops reward managers for short-term results, and few consider risk-adjusted returns.
The investment industry has arguably deemed risk-adjusted returns as the best measure of portfolio manager skill. However, most investment firms focus on total returns when determining manager bonuses. In fact, of the firms included in the exhibit, only AllianceBernstein, Eaton Vance, T. Rowe Price, and TIAA consider risk-adjusted returns when measuring their portfolio managers.
Known as CRM2, the fee and performance disclosure framework seeks to clarify what Canadians pay for investment advice
Canadian regulators have to be commended for their effort to create transparency, always a herculean task met with significant resistance by market participants. Unfortunately, the reforms related to performance do not go far enough. The reality is that the field of performance has advanced to such a degree, that what has been proposed misses the mark of what can be achieved in order to achieve the previously stated objectives.
not enough transparency on how returns are measured and the full fees are not disclosed
John De Goey hits back at Advocis’ stance on the CSA’s plans to ban embedded commissions
Financial expert, Bruce Sellery shares an easy way to understand how financial advisors are charging their fees for good value.
He is so funny! Cooked or raw chicken
Realistic expectations is the key to happiness.
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Registered Retirement Consultant. Your Net Worth Manager Fee Only Financial Planning for regular people in Saskatchewan and across Canada
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