I charge an annual fee equal to a percentage of assets under management. The fee varies depending on which custodian you choose.
I have a minimum annual fee of $5,000. I have no hard and fast asset minimums, but most of my clients have $1m+ in assets.
Tiered fee schedules for each custodian are listed below.
National Bank Independent Network
(subsidiary of National Bank)
|ASSETS UNDER MANAGEMENT||ANNUAL FEE|
|Less than $500,000||1.15%|
|$500,000 to $1 million||0.90%|
|$1 million to $2 million||0.70%|
|$2 million to $3 million||0.50%|
|$3 million to $4 million||0.40%|
BBS Securities – Virtual Brokers
(subsidiary of CI Inc.)
ASSETS UNDER MANAGEMENT
|Less than $500,000||1.10%|
|$500,000 to $1 million||0.85%|
|$1 million to $2 million||0.60%|
|$2 million to $3 million||0.40%|
|$3 million to $4 million||0.30%|