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 Bank-owned Custodian (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% |
| On additional | 0.28% |
BBS Securities – Virtual Brokers Independent Custodian (subsidiary of CI Inc.) | |
ASSETS UNDER MANAGEMENT | ANNUAL FEE |
| 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% |
| On additional | 0.20% |