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Unaware of investment fees – IE

FinalytixIndustry News Unaware of investment fees – IE

Unaware of investment fees – IE

Although 89% of Canadian investors describe themselves as very knowledgeable or somewhat knowledgeable about their investments, 36% of survey participants believe they don’t pay any investment management fees and 11% are unsure

Of the 67% of total survey participants who have an advisor, 24% believe they don’t pay any fees for advisory services and 13% are unsure. Close to 40% of survey participants who know they pay for investment management say they don’t understand the fee structure well or at all

More than eight in 10 (83%) survey participants are not aware of the changes connected to CRM2. However, after learning more about the regulatory requirements, 46% says this information will make them a more knowledgeable and empowered investor and 49% believe their advisor will have to be more accountable.

Less than half (47%) of Canadian investors with an advisor are very satisfied with the services they’re receiving and an additional 47% say they are somewhat satisfied.

Approximately one-third (34%) of survey participants say they would be willing to buy investments online without the help of a professional if it meant paying less for those products.

 

 

http://www.investmentexecutive.com/-/slideshow-canadians-remain-very-unaware-of-investment-fees?utm_source=newsletter&utm_medium=nl&utm_content=investmentexecutive&utm_campaign=INT-EN-All-afternoon#ss-53aef8e4-4ad5-4f70-baae-c06600ad4d5b-slide-1

 

 

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