Total Cost Reporting

Over the next few months, many of you will see some information coming forward in the industry called Total Cost Reporting. Starting with 2026 annual statements, clients will be seeing a clearer view of the costs connected to their investments. This is a change that is part of an industry-wide update.

Many of you probably know that I, and your fund managers, don't help you with your financial needs for free. 😉 Your statements are going to begin to show you exactly the costs involved in different types of investments which include and are not limited to, management expense ratios, tralier fees and any upfront or backend fees that you may be paying to your advisors. 

If you do invest with me in the way of mutual funds or segregated funds (insurance companies versions of mutual funds), I have explained to you how I purchase these funds for you in your investment accounts. I do not charge any upfront fees to buy or to sell your investments. The companies pay me a trailer fee of between 0.5-1% per year on the value of your account and, inherent in the funds you buy, you pay the managers (Fidelity, Mackenzie, CI for example) by way of the management expense ratio (MER). The trailer fee paid to me is included in this fee.

Stay tuned for more info on these upcoming disclosures and as always, if you have questions, please let me know. I'm happy to meet to explain.

Have a wonderful Wednesday! ~ Dawn