The Trouble with Investing Fees — Are Commission- or Fee-Based Accounts Better?

The Trouble with Investing Fees -- Are Commission- or Fee-Based Accounts Better?If you have a full-service investment account at a Canadian brokerage, your advisor has probably approached you in recent months to discuss the option of signing up for what is called a “fee-based account.” This means that you would be charged an annual fee of somewhere between 1-1.5% of the assets under advisement (AUA) at the brokerage, rather than paying commissions on individual buy and sell transactions. I am often…

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6 Ways to Cut Your Banking Fees

6 Ways to Cut Your Banking FeesNearly half of Canadians live pay cheque to pay cheque.  A recent survey by the Canadian Payroll Association reported that 47 per cent of us would face financial hardship if our pay was delayed as little as a week. One of the easiest ways to save money is to take a close look at your banking fees. But when you’re living on the edge, it can be tough to change…

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