The Cost of Advice

Once we implement your Personal Wealth Management Strategy, the financial institutions and money managers we choose to work with will be compensated by an on-going management fee. This fee is based around the total assets that our team administers on behalf of your family. It includes all financial advice, portfolio management services, oversight, reporting, communication, administration of your account, custodianship fees and access to our team.

The MER (Management Expense Ratio) contains a mutual fund’s management fee and operating expenses. It is calculated as a percentage of the fund’s assets, and is taken out before calculating a fund’s performance.

The following graphs show the breakdown of the MER as well as the portion of the MER which is used to pay for advisor services.

Breaking down the MERBreaking down the MER:
 

Breaking down adviceBreaking down advice: