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MoneyGuy · 05-29-2012, 02:45 PM

Point about DSCs: If you go to a good advisor and expect him to set up an RESP and (edit) not be paid, that's nuts. Unless you're a client and have other accounts there. If the kids are very young, make good decisions and you'll be fine, then as the timeline gets short (less than seven or eight years) review it with the advisor and adjust. A client-centred advisor will accommodate that short timeline. Yes, you can get this free from the banks, but remember the part about a good advisor.... You can fine good advisors at banks, but your product selection is slim and the good advisors are not always the ones you get.

I have heard of RESP fees like the old RRSP trustee fees that hit the ditch years ago.

05-29-2012, 02:45 PM	#16
MoneyGuy Franchise Player Join Date: May 2006 Exp:	Point about DSCs: If you go to a good advisor and expect him to set up an RESP and (edit) not be paid, that's nuts. Unless you're a client and have other accounts there. If the kids are very young, make good decisions and you'll be fine, then as the timeline gets short (less than seven or eight years) review it with the advisor and adjust. A client-centred advisor will accommodate that short timeline. Yes, you can get this free from the banks, but remember the part about a good advisor.... You can fine good advisors at banks, but your product selection is slim and the good advisors are not always the ones you get. I have heard of RESP fees like the old RRSP trustee fees that hit the ditch years ago. Last edited by MoneyGuy; 05-29-2012 at 03:09 PM.