Some notes on fees:
- Calculated on daily balances using number of days in the year 365 or 366
- When comparing ongoing fees month to month, remember the fee calculation does not use Fee%/12, but Fee%/365(6)*days
- Fees are calculated on/in the preferred currency of the account
- If fees are calculated per instrument on an account, fees are calculated on the total holdings and then multiplied by the % of total holdings in the instrument. This is required to accommodate sliding scale fee calculations
- Fees are deducted proportionately or from a selected instrument
- Fees can be calculated as Fixed Amount, % of assets, progressive sliding scale or stepped sliding scale
Last Updated on 6 years ago by Antoinette Van Meyeren