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

Access

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:

No Load
Front-End Load

Hear From Our Happy Customers

Dr Shamoon,
Medical Doctor

★★★★★

“If all financial and insurance
products are perceived as equal, then
the only difference that I perceive
would be the agent who would make recommendations based on your
personal needs analysis..."

Dan Hostick,
Consulting Services

★★★★★

“Mike is a very caring and competent
financial advisor who provides
excellent analysis and
recommendations for his clients and
referrals.”

Laura Drummond,
Global Client Executive

★★★★★

“Mike has been our families personal
advisor for several years. He is
forward thinking, creative and
always has his client’s best interest in
mind..."

Paul Rogers
Partner, Rogers Financial Services

★★★★★

“I have really enjoyed the opportunity to work with Mike over the past year. He is extremely knowledgeable in his field and has built a top-notch financial practice!”

Chris Hudson, Director, Business Development

★★★★★

“Mike is a knowledgeable trusted advisor who cares deeply about his clients. Mike brings many years of experience and success to the table and is known for his creative customized approach to each of his clients...!”

Stephan Van Heerden, Owner, CCS Associates Inc.

★★★★★

“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...”

Henry Kluska, President at CRM4Advisors

★★★★★

“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.”

Linda Woolley, President, Nortek Solutions Inc.

★★★★★

“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”

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