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Fee Arrangements
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About Preet Banerjee
Preet Banerjee, B.Sc, FMA, DMS, FCSI, was originally trained as a neuroscientist at U of T before joining the financial services sector. Previously an adviser in both the MFDA and IIROC channels, he currently serves as a W Network Money Expert and writes a personal finance column for the Globe and Mail.
He is the writer behind the sometimes controversial blog WhereDoesAllMyMoneyGo.com, which was ranked Canada's Best Investing Blog by readers of the Globe and Mail in 2010. He is also the author of the book RRSPs: The Definitive Guide to Registered Retirement Savings Plans.
You can follow him on Twitter at @preetbanerjee.
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He is the writer behind the sometimes controversial blog WhereDoesAllMyMoneyGo.com, which was ranked Canada's Best Investing Blog by readers of the Globe and Mail in 2010. He is also the author of the book RRSPs: The Definitive Guide to Registered Retirement Savings Plans.
You can follow him on Twitter at @preetbanerjee.
Subscribe to Preet's Feed
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February 3, 2012
- Masters of Money
Focusing on Fees
The fee-based model charges for advice and transactions based on a percentage of assets; it is really gaining steam in the industry. Firms are constantly extolling the virtues of predictable, recurring income streams to their advisers. MORE
Tagged Commission, Fees, Investors
February 2, 2012
- Masters of Money
Fee-Based vs. Fee-Only
True fee-only advisers are compensated solely from fees charged directly to you. They receive no income from the fund companies (or other investment product providers), nor do they receive monies based on a periodic deduction from your account related to the size of your portfolio (those are fee-based advisers). They also would not execute trades or otherwise directly manage your portfolio. MORE
February 1, 2012
- Masters of Money
Fee Arrangements – Fee-Based Advice
The majority of mutual funds include the cost of advice in their management expense ratios. What muddies the waters is that some advisers provide comprehensive financial planning and others may only provide investment selection advice. In most cases, the costs are fixed, yet the value is quite variable. MORE
Tagged Adviser, Fee, Mutual Funds
January 30, 2012
- Masters of Money
Cashing in on Commissions
You meet with a new financial adviser, give him or her $100,000 to invest and he or she will provide you with a financial plan and an investment policy statement (hopefully). Your $100,000 goes to work in the markets. Let’s say that the adviser spent 5 to 10 hours preparing and executing your plan. He or she generates $5,000 in commissions, which is split with the firm, but you don’t get a bill. From your perspective, all of the $100,000 you invested shows up on your transaction confirmation slip in a shiny new investment portfolio. MORE
Tagged Commissions, Fees, Mutual Fund
January 23, 2012
- Masters of Money
Commission Costs
I once worked with a stockbroker who never sat down. I had a clear view into his office from my desk, and every day he would pace around the circumference of his desk for the better part of the day. Headset in tow, he would be on the phone with clients all day long. For him, the number of phone calls he made directly correlated with his income. MORE
Tagged Blue Chip Stock, Commission, investment
