Portfolio and Fees
I use a fee based structured portfolio for my clients called Partnership Plus. This has many benefits for my cients. Partnership plus is designed for investors who:
For one annual fee, this program offers you a wide variety of valuable services:
How it works: Clients are charged an annual fee that is a percentage of the total family assets under administration in the Partnership Plus program. This fee is assessed quarterly, based on the average total family account balance. The quarterly fee is deducted from the cash balance of the portfolio in the second week of the month following the end of the quarter. Although the number of trades is very liberal, the limit is designed to prevent over activity in an account. If an account exceeds its trade limit then subsequent trades for the balance of the calendar year will be priced according to the regular ScotiaMcLeod commission schedule.
Main Reason why clients love it: My price structure is that, as the amount of assets in your accounts grow the percentage fee you are charged decreases. I like to make sure that clients are aware of what they are paying for, and nothing is concealed.
- Want a strategic portfolio focus. In a fee based account transaction costs are not prohibitive when making changes. Therefore, my clients shift their focus of the investment process away from the cost of transactions and towards building a portfolio specifically designed to meet their strategic investment objectives.
- Want objective investment advice. The foremost benefit to my clients when investing through Partnership Plus is the removal of any perceived conflict of interest. In a fee-based environment, my clients are reassured that my decisions are driven solely by investment objectives. Partnership Plus positions my clients and myself "on the same side of the table".
- Want investment strategies to be initiated by their advisors. Investors who often look for expert advice before making decisions would choose this type of account over a transaction based account.
- The Partnership Plus program appeals to my clients who own a mix of fixed income and equity investments.
For one annual fee, this program offers you a wide variety of valuable services:
- Ongoing objective advice
- Annual fee that includes all trading commissions (up to a limited number), product switching and RRSP administrative costs
- Buy & sell decisions that are based on your strategic needs and not on commission costs
- Mutual funds purchases without front end or back end load fees
- Access to highly sought-after, top ranked research and insights
- Investment Portfolio Quarterly – an exclusive research publication for Partnership Plus clients
- Online access to account information, statements, research and stock quotes
How it works: Clients are charged an annual fee that is a percentage of the total family assets under administration in the Partnership Plus program. This fee is assessed quarterly, based on the average total family account balance. The quarterly fee is deducted from the cash balance of the portfolio in the second week of the month following the end of the quarter. Although the number of trades is very liberal, the limit is designed to prevent over activity in an account. If an account exceeds its trade limit then subsequent trades for the balance of the calendar year will be priced according to the regular ScotiaMcLeod commission schedule.
Main Reason why clients love it: My price structure is that, as the amount of assets in your accounts grow the percentage fee you are charged decreases. I like to make sure that clients are aware of what they are paying for, and nothing is concealed.
| House Hold MarketValue |
Equity | Fixed Income |
Mutual Funds |
F Class Funds |
| $0 - $500,000 | 1.5 | 1.5 | 0 | 1.0 |
| next $500,000 | 1.15 | 1.15 | 0 | 1.0 |
| next $500,000 | 0.95 | 0.95 | 0 | 0.95 |
| 1,500,000 and over | 0.75 | 0.75 | 0 | 0.75 |