Quote:
Originally Posted by Slava
This is just so wrong though. No wonder you think that the fees are too high, because this isn't how they're calculated at all. Advisors do not get the full MER, that's completely off base.
The whole ETF industry has done an amazing job marketing though. If an investor had put money in at this point in 2008 they haven't made a dime. In fact the TSX is what 25% off the levels seen four years ago? So sure, maybe you saved a percent a year in fees (if that), but you haven't made any money for that either.
|
You said "The DSC is not an extra fee for most people"
Is the cost not embeded into the management fee and the advisor gets paid a commission. You can let me know what % of the 2.5% goes to the advisor as I would think it is around 1% to 1.5%? Regardless there is not a lot of transparentcy on the fees and the way that fees are embedded into the MER is very confusing and misleading. Fact is the DSC is an extra fee and the advisor gets paid because of it.