National Bank Investments reduces fees

National Bank Investments is reducing its administration fees, management fees and trailing commissions on certain Meritage Portfolios, effective April 1, 2017.

Read: What do you do to make fees more transparent?

Administration fee reductions

The administration fees for the following Meritage Portfolios will be reduced as indicated in the table below.

Read: National Bank reports 31% increase in wealth management income

Management fee and trailing commission reductions

In addition, the management fees for the Advisor and T Series (or T5 Series, if applicable) of the following Meritage Portfolios will be reduced as indicated in the table below. This change reflects the decrease in trailing commissions to be simultaneously implemented.

Trailing commissions are decreased to better align the dealer compensation paid for these portfolios with the compensation generally paid in the market to dealers of equity funds. This reduction applies to the trailing fees for the initial sales charge option and deferred sales charge option (plus-six years).

The management fees for F Series (and F5 Series, if applicable) of some Meritage Portfolios will also be reduced. Specifically, the management fee of these series will be reduced from 1.00% to 0.90% on the Meritage Conservative Portfolio, the Meritage Moderate Portfolio, the Meritage Conservative Income Portfolio and the Meritage Moderate Income Portfolio; from 1.00% to 0.95% on the Meritage Global Conservative Portfolio and the Meritage Global Moderate Portfolio; and from 1.00% to 0.85% on the Meritage Canadian Equity Portfolio and the Meritage Canadian Equity Class Portfolio.

Name changes

Finally, the English versions of the names of some Meritage Portfolios will be changed to align more closely with the French versions. The changes are indicated below.

Also read: Why this advisor went discretionary

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