Fees and Commissions
Compensation
If you choose to purchase a product through us, Capesky Insurance and Wealth Management Inc, will be paid by the company that offers that product. Capesky Insurance and Wealth Management Inc. is compensated by a sales commission for most products at the time of sale, and may receive a renewal (or service) commission if you retain that policy with the insurance company. For certain products, Capesky Insurance and Wealth Management Inc. may receive a referral fee.
Value-added services from the Capesky Insurance & Wealth Management Inc. team in exchange for trailing commission;
- On-going monitoring of financial, political and regulatory environments across Canada, USA and International markets.
- Committed to the highest standards of Customer Service through consistent re-evaluation of the performance of our client’s financial portfolios, relative to their personalized Financial Success Path.
- Originally established in 1989, our downtown Oshawa office is centrally located within the Durham Region.
- Established network of associated local professionals (accountant, lawyers, realtors, mortgage professional) to assist our clients through out their own Success Path.
- Proud Members of Advocis, Whitby Chamber of Commerce, WISE and CALU.
Service
Advice
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MANAGEMENT EXPENSE RATIO – (MER)
The Management Expense Ratio (MER) represents the combined total of the Management Fee, Operating Expenses and Taxes charged to a fund during a given year expressed as a percentage of a fund’s average net assets for that year.
The returns you earn as an investor – whether reported in your statement, in news reports or in promotional materials reflect performance data that is reported after the fund’s MER is deducted. For example, if your fund’s investment gained 9% last year and its MER is 2%, the reported return would be 7% for that time period.
MANAGEMENT FEE % + OPERATING EXPENSES % + TAXES % = MER %
Operating Expenses
Each fund also pays an administration fee that is used to pay for regulartory filing fees and other day-to-day expenses.
- Record-keeping fees
- Accounting and fund valuation costs
- Custody fees
- Audit and legal fees
- Costs of preparing and distributing annual and semi-annual reports and prospectuses
Taxes
Each fund is required to pay Harmonized Sales Tax (HST) on management fees charged to the fund. In general, the HST rate depends on the residence of the fund’s unit holders at a certain point in time.
Sales Commissions
Segregated funds are sold with one of 2 types
of sales commission structures:
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