OneVest will charge clients 0.75% on Assets Under Management (AUM) as a discretionary management fee, this fee will include all custody and trade execution charges.
This means for example:
- If your account is valued at $10,000.00
- Your annual fee would be $10,000.00 x 0.0075 = $75 per year
The management fee is calculated based on your average daily account value and is withdrawn from your account on a monthly basis.
All Management Expense Ratio (MER) 1 on 3rd party investment products in the model portfolios are charged within the products themselves. Depending on the type of model portfolio you own, average MERs on the products included in your portfolio will range from 0.40-0.60% 2:
Depending on your province of residence, the management and performance fees you pay are also subject to sales taxes.
Please see our custodian institution, CI Investment Services Administrative Charges schedule for a full list of their applicable account fees.
1 - The Management Expense Ratio (MER) represents the combined total of the management fee, operating expenses, and taxes charged to a fund during a given year expressed as a percentage of a fund's average net assets for that year. All mutual funds and exchange-traded funds have an MER.
2 - On select 3rd party investment products, a performance fee may be charged on excess returns when the investment returns exceed a specified performance benchmark. Performance fees are included in the MER calculation and thus the total reported MER may appear higher for investment products with a performance fee, compared to investment products without a performance fee.