Q: Hello,
A recent answer mentioned no-fee GIC's. I'm puzzled. We have several GIC's and with various companies. The yearly statements we now get from our advisor (statements that are supposed to be more transparent about fees) says every one pays a fee to our advisor. The GIC rates are net of these fees of course but, in my opinion, these are fees and all are pretty big percentages when compared against the net GIC pay-out. Your thoughts? Thanks.
A recent answer mentioned no-fee GIC's. I'm puzzled. We have several GIC's and with various companies. The yearly statements we now get from our advisor (statements that are supposed to be more transparent about fees) says every one pays a fee to our advisor. The GIC rates are net of these fees of course but, in my opinion, these are fees and all are pretty big percentages when compared against the net GIC pay-out. Your thoughts? Thanks.