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Wealth Management ![]() |
Low Costs; No Commissions The average equity mutual fund has an MER (management expense ratio) of 2.6%, Glorianne Stromberg, the former OSC commissioner who challenged many of the sales practices of the fund industry, explained that over a 20 year time frame, high MERS of 2.5% could erode nearly 50% of an investor's retirement capital, which she described as; 'an egregious encroachment of capital'. Our links page to the OSC's MER calculator will confirm this erosion of capital. |
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