Understanding Fisher Investments Canada Fees

Fisher Investments Canada fees can be a bit confusing, but don't worry, I'm here to help you understand them better.

Fees are charged on a quarterly basis, with a minimum fee of $2,500 per quarter for accounts under $25,000.

Fees are calculated as a percentage of your account balance, ranging from 0.75% to 2.25% per year, depending on the services you choose.

The management fee is the primary fee charged by Fisher Investments Canada, and it's calculated based on the account balance.

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Fisher Investments Canada has a unique fee structure that's based on the total amount of assets it manages on your behalf.

The company charges an annual fee, which is calculated using a progressive, bracketed fee structure. Here's how it works:

Let's break down an example to see how this works. If you have a portfolio of $15 million, you'll be charged:

Your total annual fee would be $157,500.

Fisher Investments is a fee-only advisor, which means it only makes money based on the value of your assets. This is different from other money managers, who may earn both fees and commissions from investment products they place in your portfolio.

Here's a summary of the fee structure:

Fisher Investments also charges $7-10 per trade, but this is a pass-through commission that goes to its broker. This fee is lower than the industry average, and some people may find the higher fees worthwhile to gain exposure to Fisher's active investment style.

Fisher Investments' fees are slightly higher than the industry average, which may be a concern for some investors.

Many of Fisher's clients are willing to pay these fees because they are happy with the service they receive.

Ultimately, whether or not Fisher Investments is worth the fee depends on individual opinions and priorities.

Your financial professional's compensation can create hidden conflicts of interest. For example, some money managers earn commissions on products they sell, in addition to the management fees they collect.

Some financial professionals base their fees on performance, which can encourage chasing short-term returns and hinder risk management.

You should ask your financial professional how their fees are structured. This will help you understand what you're paying for and whether it aligns with your investment goals.

You should also ask about other compensation they receive besides what you pay them directly. This could include commissions or other incentives that may impact their advice.

Here are some questions to ask your financial professional:

Fisher Investments' fees are slightly higher than the industry average, which may be a concern for some investors.

Many of Fisher's clients are more than happy to pay these fees, indicating that the investment management services they receive are valuable to them.

The decision to pay a higher fee depends on individual financial goals and priorities.

If you're considering investing with Fisher, it's essential to weigh the potential benefits against the cost.

Ultimately, whether Fisher Investments is worth the fee is a matter of personal opinion.

Fees are an important consideration when choosing a financial advisor, and Fisher Investments Canada is no exception. Fisher Investments charges an annual fee based on the total amount of assets it manages on your behalf.

The fee structure is progressive, with three brackets: 1.25% on the first $1 million, 1.125% on the next $4 million, and 1% on anything over $5 million. This means that the more assets you have, the lower the fee percentage.

Let's break down an example: if you have a portfolio of $15 million, you'll be charged 1.25% on the first $1 million ($12,500), 1.125% on the next $4 million ($45,000), and 1% on the remaining $10 million ($100,000), making your total annual fee $157,500.

Fisher Investments also charges a pass-through commission of $7-10 per trade, but this is a standard practice in the industry.

One of the benefits of working with Fisher Investments is that they are a fee-only advisor, meaning they only make money based on the value of your assets. This aligns their interests with yours, as they do better when you do better.

Here's a summary of the fee structure:

It's worth noting that some people may find the higher fees worthwhile to gain exposure to Fisher's active investment style, while others may find the above-average cost isn't justified.