Why so angry?
Fees - TD Private Banking and Investment Counsel
This forum is so helpful I keep asking questions! Thanks to all those interested enough to help. Here's my latest quandary.
I'm a high net worth investor who's fairly passive but I've been paying 2.5% or so in fees to a boutique firm for yeeeeears now. It's time for a change. TD is proposing a 1.35% all in private counsel fee (and with the requisite charts showing great returns over the years) to pools available to their high net worth clients only. They are also proposing a $100/month fee for their private banking services.
So my question is: Has anybody signed up with TD for these services? Are these fees negotiable? And if so to what extent? I guess those are actually questions....
I'm a high net worth investor who's fairly passive but I've been paying 2.5% or so in fees to a boutique firm for yeeeeears now. It's time for a change. TD is proposing a 1.35% all in private counsel fee (and with the requisite charts showing great returns over the years) to pools available to their high net worth clients only. They are also proposing a $100/month fee for their private banking services.
So my question is: Has anybody signed up with TD for these services? Are these fees negotiable? And if so to what extent? I guess those are actually questions....
1 - 2 of 13 Posts
To a bank I think 'high net worth' client is just a person who has $100,000 in investable assets unless things have changed. No need to avoid the OPs question or make a big deal out of it.You were paying 2.5% in fees and still got rich, lol? You should keep paying 2.5%.
1 - 2 of 13 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Canadian Money Forum
A forum community dedicated to Canadian personal finance enthusiasts. Come join the discussion about investing, stock portfolios, equities, frugality, real estate, market trading, taxation, retirement, and more!
Full Forum Listing
Explore Our Forums
