Quote:

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Originally posted by pramesh

Thanks to everyone for posting comments.

To summarize, does it mean the following:

1] If less than 100K , then go with top 5 banks , possibly split between various banks?

If u go with splitting, any particular bank in the top5 better than the other.
e.g RBC versus Scotia or TD?

2] If more than 100K, then go with independent advisors outside of top5 to go for more riskier investments.

3] One should be able to invest in moderate risk investments going through independent FA's as well?

4] If one goes with the top 5 banks, would they recommend other funds or only their funds in a portfolio?

Currently, looking at performance, most of the funds belonging to top banks do not seem to be doing well. What do we get out of that?

Would appreciate some responses or advise.

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Let's help each other to grow & prosper in Canada

Hi Pramesh,

did you get a chance to check your PM ?

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Let's help each other to grow & prosper in Canada

Hi,

Looking for a Financial Advisor for my investment planning, earlier thought of visiting the Financial advisor but I feel they may focus only the options & products offered by their institution, leaving successful products in the market left.

My expectation is that the FA provides good amount details about the products with analysis in place just some growth graphs etc.., expecting a WIN WIN...

Please PM if you don't like to publish....

Thanks.

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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM

Hi JRF,

If you are looking to invest your own money and not borrowed money and are looking to invest ino mutual funds, the best is to look for an FA who will not charge you DSC (deferred sales charge) on your investments so that in case you wish to switch from one company to another , let's say Excel Funds to AGF funds you will not be charged any exit load.

For instance if you invest in say Excel China funds which are doing well now, but may falter next year, then you can switch to AGF money market or large cap or a more stable fund w/o fees, charges, back-end loads etc.

Please note that these advisors are few and may charge a retainer fee equivalent to 1 -1.5% of total investment, but will put you in a no load version of funds.

Some of the bigger dudes will not even charge for a/cs less than $50,000.Some only charge for a/cs more than $100,000.
It all depends.

If the investment is LSIF, they might put you into a DSC as the holding period is 8 years anyways. They also might charge you for seg funds as the guarantee period is 10 years, but will not charge you for normal mutual funds (except for the guaranteed mutual funds where the holding period is 8 years or more).

These FAs are usually very experienced and will provide you with the graphs, analysis, etc.

Quote:

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Originally posted by investpro

Thanks,

I'm looking to invest my money on a stable long term investment products. Pls send me the pointers leading to the FA. If you're in the same category, Pls PM me your contacts / time to meet.



Hi JRF,

If you are looking to invest your own money and not borrowed money and are looking to invest ino mutual funds, the best is to look for an FA who will not charge you DSC (deferred sales charge) on your investments so that in case you wish to switch from one company to another , let's say Excel Funds to AGF funds you will not be charged any exit load.

For instance if you invest in say Excel China funds which are doing well now, but may falter next year, then you can switch to AGF money market or large cap or a more stable fund w/o fees, charges, back-end loads etc.

Please note that these advisors are few and may charge a retainer fee equivalent to 1 -1.5% of total investment, but will put you in a no load version of funds.

Some of the bigger dudes will not even charge for a/cs less than $50,000.Some only charge for a/cs more than $100,000.
It all depends.

If the investment is LSIF, they might put you into a DSC as the holding period is 8 years anyways. They also might charge you for seg funds as the guarantee period is 10 years, but will not charge you for normal mutual funds (except for the guaranteed mutual funds where the holding period is 8 years or more).

These FAs are usually very experienced and will provide you with the graphs, analysis, etc.

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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM

Hi JRF,
Sent you a pm. Pls chk

Quote:

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Originally posted by investpro
For instance if you invest in say Excel China funds which are doing well now, but may falter next year, then you can switch to AGF money market or large cap or a more stable fund w/o fees, charges, back-end loads etc.

Please note that these advisors are few and may charge a retainer fee equivalent to 1 -1.5% of total investment, but will put you in a no load version of funds.

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"