Tag Archives: Commission

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- Masters of Money

Why Discount Brokerages Change Everything

The big benefit of discount or online brokerages over traditional full-service brokerages is of course, low cost. Instead of paying a $150 commission to buy $5,000 worth of an exchange traded fund or individual stock, a typical discount brokerage customer pays under $30, and often under $10, provided they have enough money in the account – usually $50,000 or $100,000. MORE

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- Masters of Money

10 Questions to Ask Your Adviser

With no further ado, here are ten questions to help you see if an investment advisor cares about your money as much as you do. Please note that these are add-ons to basic questions like “how do you get paid?” and “what are your credentials?” MORE

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- Money 2.0

Have your say on better disclosure of investment fees and performance

Last year, we told you about a proposal by the Canadian Securities Administrators (CSA) that would require dealers and advisers to report more information about the fees you pay and how your investments perform. Now, an amended proposal with new requirements is out for public comment. MORE

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- 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

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- 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

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