The investment industry is experiencing many changes globally. Regulators have  made a concerted effort to move the industry away from commission based compensation models to a fee based model.

In Canada, the Canadian Securities Administrators (CSA) put into effect the second phase of the Client Relationship Model (CRM2) in July 2013, which was to be phased in over a three year period. Effectively the CRM2 is bringing greater transparency to the compensation that your advisor receives from your investment account.  Phrases used by many advisors in the past was “don’t worry you don’t pay me the fund company does”, or in the case of purchasing individual bonds “the commission is built into the price”.  The old axiom “there’s no free lunch is true”, somewhere, somehow you are paying for the investment service provided.

Not being affiliated with any investment company, and presently not managing investment funds, Ray Dragunas Investment Consulting has the experience to wade through your investment statements and give you a better idea of what you are paying in investment fees.  We will educate you on the answers you need know, the questions you should be asking, and whether you’re on track on to meeting your investment goals.  Imagine how empowered you would feel by being educated about your investment decisions.  Let’s get started.