How much are you paying your financial advisor?
If you're like most Canadians, you'd have a hard time answering that question. That's because most advisors charge you indirectly through the financial products they sell.
The Canadian regulators have recently proposed a rule that will require financial advisors to disclose their fees, but it'll take 3 years before they're implemented.
But why wait, when you can calculate the fees right here, on this page?
Simply enter the amount of mutual funds you hold, or are thinking about holding in the yellow box. Advisors get paid under different incentive schemes. Try each one to see how much you'd pay under each scheme.
Important note: In our calculations, we use average numbers. The actual fees paid to advisors can vary from advisor to advisor.