Operating Expenses
- Fund valuation & custodial
- Audit & legal
- Record keeping and tax reporting
Understanding the Management Expense Ratio (MER)
A Management Expense Ratio (MER) represents the costs associated with owning a mutual fund. It indicates how much a fund pays in management fees and operating expenses (including taxes) on an annual basis. MERs are expressed as a percentage of the daily average net assets during the year.
What You Pay
Sales Tax
What You Get
- Taxes - HST/GST
Portfolio Management
- Asset mix optimization
- Investment selection by top money management teams
- Risk management (ongoing monitoring of money managers and sector exposure, currency management, portfolio rebalancing)
- Tax effectiveness (i.e. corporate class)
Financial Planning & Advice
- Planning (investments, estate, tax, retirement)
- Matching your goals, risk tolerance and time horizon with the desired investment portfolio
- Optimization: allocating assets into RRSP, RESP, TFSA, etc.
- Reviewing progress with you on an ongoing basis
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