No, too expensive. cheaper buy a few books and do your own investment research rather than pay them to do it (which they may just have you buy their own products, where they will charge you even more fees and pocket more of your money, MER, etc).
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....
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