MFDA explains mutual fund fees to investors

Advisors and clients can take advantage of educational material published by the MFDA that explains mutual fund fees.

The MFDA’s investors bulletin shows clients how a 1% difference in fees affects their accounts over 20 years, and explains sales charges, MERs and fee-based accounts. It also indicates which charges are negotiable and offers investors a checklist of questions they should ask advisors about fees.

The MFDA published the bulletin to recognize and coincide with World Investor Week, celebrated by the International Organization of Securities Commissions (IOSCO), and Investor Education Month in Canada, says a release.

World Investor Week, which takes place Oct. 1 to 7, highlights the importance of investor education. And, during Investor Education Month in October, the MFDA encourages investors to visit the investor section of its website to access resources and tools.

Read the bulletin on mutual fund fees.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.