…with lower fees that may be suitable for you. 3 types of fees 1. Administrative or trustee fees These fees cover the time and costs of looking after your account,…
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How to choose a financial advisor
…(MFDA). CIRO is a self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. FP Canada FP Canada is a not-for-profit industry group that develops, promotes and enforces…
Familiarity bias: The limits of going with what you know
…familiarity bias when investing, including: Consider new opportunities – Encourage yourself to view unfamiliar investment products, countries, or industries as new opportunities to further diversify your portfolio, while making sure…
Finance basics for post-secondary students
…principal (the original loan amount) and any accumulated interest from previous periods. 4. Take advantage of financial assistance resources Colleges and universities have financial aid programs to help lessen the…
Personal finance for veterans and service members
…practices of money management can go a long way toward creating a solid financial future for you. The Canadian Armed Forces and Veterans Affairs Canada also provide resources to help…
What is life insurance and how much do you need?
…name your estate as the beneficiary. Your estate will pay probate fees on the insurance proceeds, but it gives your estate cash that can be used right away to help cover…
Choosing a robo-advisor
…Comparing services Compare different services to decide whether online investment advisers can meet your investment needs, particularly if you are comfortable with online interactions but not with investing completely on…
Flow-through shares
…to pay a sales commission to your adviser and fees charged by the portfolio manager. 3 key risks Offered by new, small companies – These companies are often in the…
Income trusts
…of income trusts available to investors. 4 types of income trust Royalty trust – companies related to energy products Real Estate Investment Trust (REIT) – companies that own or operate…