Back to School Series Part 3: Fees You Pay

So you’re back into the swing of things with the kids officially back at school. You even took the time to review your financial goals and your investment plan. There’s one more important item to review as part of your investments: the fees you pay. In the third and final part of the back to school blog post series, we help you take a look at your investment fees.

Fees and Charges You Pay

Be sure to ask your registered investment advisor about all the fees and other charges you will be paying when you invest. Some fees may be negotiable, so it’s important to read the information your advisor provides you and ask questions if you’re not clear on what you are paying for investments and/or advisory services.

Earlier this year, you should have received a new annual Charges and Compensation Report. New securities laws in effect since July 2016, known as Client Relationship Model, Phase 2 or CRM2, require investment advisory firms to provide all clients with a detailed annual report about the operating, transaction, and related fees and other charges.

If you haven’t already, take a look at this new report and discuss anything that’s unclear with your registered investment advisor. If you don’t know what to look for, here’s a sample of an annual Charges and Compensation Report to help you make sense of some of the fees you pay for the investments you hold.

Our Fees & Charges section can help you learn about some common fees and charges you should be looking for and asking about. Our Investor Tools also contain several items that can help you make sense of the fees you pay, including our handy BCSC InvestRight Investment Fee Guide and Investment Fee Calculator.

How Your Advisor is Paid

Fees and other charges are how your investment advisor’s firm is compensated for the services it provides.

What you pay will take away from your returns, so you need to know what the fees and other charges are, what you’ll get for them, and how you will pay. It’s your right to know the fees and other charges you might have to pay. Remember to factor all fees and other charges into your calculation of return.

View the following video to learn more about the cost of your registered investment advisor.


The British Columbia Securities Commission (BCSC) has resources to help you get into gear for back to school.

Back to School Series

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

Suggested Reading

How to Start a Conversation About Elder Financial Abuse

Planning 10: Finances Now on InvestRight

Mutual Fund Investments: The Basics

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