Rivershore Wealth Planning
Fees & Minimums
Fees
There is no cost to have a meeting with me. However, if we decide that we would work well together I will be compensated by one or both of the following methods depending on the accounts we setup.
Fee based: You pay a fixed annual fee for service and advice that we set in advance of investing your money. This is expressed as an annual percentage and is not transaction based which means you do not pay a commission or sales charge when you buy or sell the mutual funds. This amount comes directly from your mutual fund each month and the amount and account are administered by Worldsource Financial Management (WFM).
Commissions & Trailer fees: These are paid to me by whichever investments fund company we choose to invest your money with. This arrangement is transaction based, which means you MAY pay a commission (also known as sales charges or loads) when you buy or sell units/shares of an investment fund. Funds can be arranged in a front-end sales charge, back-end sales charge, low sales charge or no sales charge structure. These sales charges are set by the mutual fund company and will be discussed in detail with you and prior to any final decision being made. In addition, mutual fund companies also pay me a trailer fee each year based on the value of your investment. They pay me a trailer fee for as long as you own the fund. The trailer fee is blended into the Management Expense Ratio (MER) of the fund and is administered by the mutual fund company
Minimums

