Starting in 2017, Canadian investors will be able to plainly see on their statements the amount of fees that they pay for financial advice. You have a right to ask and your advisor has an obligation to give you an answer.
Tips to help you understand your fees:
- Ask your current advisor to help you understand how much you pay for their services
- Compare the value you receive to other people who provide you with professional services
- Decide whether or not you are receiving good value for your fees