Fees and Commissions
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. We offer fee for service as well. For certain products, Capesky Insurance and Wealth Management Inc. may receive a referral fee.
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 – weather reported in your statement, in newspaper or in promotional materials reflect performance data that is reported after the fund’s MER is deducted. For example, if your fund’s investments 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 %
Value adding activities team Capesky provides in exchange for the trailing commission include:
- Established in 1989
- Owns their own building
- Committed to implementing the highest level of Customer Service
- Proud members of Advocis, Whitby Chamber of Commerce, WISE and CALU
- Recognized as part of the top 50 WISE firms in Canada
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
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.
of sales commission structures:
Hear From Our Happy Customers
“If all financial and insurance
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Partner, Rogers Financial Services
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“Mike is a terrific person to work with and he demonstrates an exceptional degree of knowledge about the business of investing and financial planning. His advice is straight forward and sound...”
“I have worked with Mike over the years. His knowledge of the Financial Services Industry, his commitment to his clients and basic professionalism makes him stand out in the industry.”
“Mike has been our insurance agent and a financial advisor for many years. He is friendly, knowledgeable and attentive. He routinely thinks out-of- the-box when proposing plans. I would highly recommend him to others”