First of all, thank you for providing this service. It has been very helpful.
I am investigating the most cost-effective approach to moving my mutual fund investments from my advisor into a self-directed account.
My wife and I have our funds distributed into 50% RRSP, 30% TFSA, 15% RESP, 5% non-registered. Across all accounts, we have about 70% of front-loaded funds and 30% of back-loaded/DSC funds. The MER is about 2.5%.
I am planning to transfer all of the funds in-kind, sell all the front-loaded funds, and transfer the money into the portfolio of choice. As for the back-loaded/DSC funds, I am able to transfer 10% of the back-loaded shares to front-loaded on an annual basis, so I'll slowly move the back-loaded shares into the Moneygeek portfolio on a yearly basis.
Once in our self-directed accounts, we'll need to work through the practicalities of monthly contributions. Assuming a portfolio with 4 ETFs/stocks, and 5 accounts (RESP, RRSP, Spousal RRSP, TFSA, Spousal TFSA), there would be 16-20 purchases/month. I want to minimize the commissions, so is it reasonable to purchase the 4 ETFS/stocks from my non-registered account on a monthly basis, then re-destribute the shares into the respective accounts?