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…
