Home Breadcrumb caret Industry News Breadcrumb caret Industry NCM launches flat-fee mutual fund The annual flat management fee is $1,000 plus taxes, per fund, per account. By Staff | September 14, 2017 | Last updated on September 14, 2017 1 min read Norrep Capital Management Ltd. (NCM) has launched flat management-fee pricing for certain mutual funds. Billed as Z Series, they have an annual flat management fee of $1,000 plus taxes, per fund, per account. Read: Retail advisory business driving the industry These fees stay fixed as assets grow. “For example, if an investor has $300,000 in a mutual fund with a 1% management fee, the cost per year is $3,000,” explains Alex Sasso, CEO of NCM. “Using NCM’s actively managed Z Series, the cost is only $1,000.” NCM is offering Z Series pricing for Norrep Core Canadian, Norrep Core Global and Norrep Premium Growth Class. The Z Series minimum investment is $100,000 with a maximum investment of $1,000,000. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo