Friday, January 18th, 2019
Every January, many investors receive a series of important reports from their investment providers, summarizing activity on their accounts for the year. These reports include the Annual Report on Account Fees and Dealer Compensation, Annual Performance Report and Year-End Statements. The first two reports were implemented in 2017 as part of the Client Relationship Model (CRM2), which is meant to ensure investors receive clear, thorough, easy-to-understand information on fees and performance.
We believe it's important not only that investors receive these but that they can understand the relationship between the different reports and how they can use the information provided.
Here are the three reports and what they mean:
Source: Investor Economics Insight, January 2018 Annual Review. Tangerine Investment Funds are considered long-term mutual funds. The asset weighted MER for long-term mutual funds as of December 31, 2017 was 2.09%. The asset weighted MER for each Tangerine Investment Fund is 1.07%.
This article is provided for information purposes only. It isn’t meant to be relied upon as financial, tax or investment advice, makes no guarantees about future financial conditions or performance, and shouldn’t be considered a recommendation to buy or sell investments or financial products....Information contained in this article, including information related to interest rates, market conditions, tax rules, and other investment factors is subject to change without notice, and Tangerine Bank isn’t responsible to update this information. All third party sources are believed to be accurate and reliable as of the date of publication, and Tangerine Bank doesn’t guarantee its accuracy or reliability. Readers should consult their own professional advisor for specific financial, investment and/or tax advice tailored to their needs to ensure that individual circumstances are considered properly and action is taken based on the latest available information.