Our video called Know the Value of Your Investments sets out what information must be included in your account statements.
The video shows that monthly or quarterly account statements must set out the cost and market value of each investment, whether the investment is subject to a deferred sales charge, and whether the account is covered by an investor protection fund. The video also explains the meaning of the terms deferred sales charge and investor protection fund coverage.
Knowing this information will enable you to determine whether your investments continue to be right for you. You can discuss with your registered investment advisor how these investments can help you meet your goals or whether you need to make changes in your portfolio.
We are blogging about each video in this special series. Watch for these posts, and follow us on Twitter or Facebook for similar updates.
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.
Last week we blogged about the video Informed Investing: Investment Fees, that we launched on October 9 to supplement the Guide to Investing: How to be an Empowered Investor. This week we are featuring the video Informed Investing: Using Registered Financial Advisor that discusses how to practice due diligence in researching a financial advisor or firm. […]
I met Garth Rustand several years ago before he started Investors Aid Co-Operative of Canada. He had worked in the financial services industry for over 10 years so he understood how the industry worked. At the time I met him, he talked about consumers having a hard time understanding the complexities of investing in the […]