RRSP Season: Learn About Investment Fees

RRSP Season: Learn About Investment Fees

As the 2016 RRSP deadline approaches, it’s important to review your investment performance—including the fees that come with investing your money.

Fees are a fact of investing, but it’s important for investors to know how much various charges affect their portfolio. Last week, we released research confirming that British Columbia investors need to learn more about fees. For example, 36 per cent of those surveyed aren’t familiar with the types of fees they pay and 28 per cent aren’t sure how their advisor is paid.

Spending a bit of time looking at your investment fees before making that last RRSP contribution of the tax year could help you have a thorough discussion with a registered investment advisor.

Before you meet with an advisor, prepare yourself with these resources:

If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected] You can also file a complaint or submit a tip anonymously using BCSC’s online complaint form.

InvestRight.org is the British Columbia Securities Commission’s investor education website.