There will be no double fees or unexpected additional charges due to the transition. However, here’s a detailed breakdown of what to expect:

  1. Transfer Fees:

    Some financial institutions charge a transfer-out fee when moving accounts. This fee is typically imposed by your current dealer (Carte) and can range between $100 and $150 per account. Rest assured, I have worked with my new dealer, iA Private Wealth, to cover or reimburse these fees as part of ensuring a smooth transition for you.


  2. Management and Advisory Fees:

    Your ongoing advisory or management fees will not change due to the transition. These fees will continue to be based on the same structure we’ve previously agreed upon.


  3. Account-Level Fees:

    If your account currently has features like annual administration fees, trading fees, or custodial fees, these will remain consistent with what you are paying now. The only change might come if the new dealer offers enhanced or streamlined account services, and I will review these with you before implementing anything.


  4. Temporary Fees for Asset Adjustments:

    In very rare cases, if an investment product within your portfolio is unavailable at the new dealer, we might need to make adjustments. This could potentially involve transaction fees. However, I will notify you in advance and discuss any such changes to ensure transparency.


  5. Fee Transparency Post-Transition:

    After the transition, you will receive a new fee schedule from iA Private Wealth. I will go through this with you in detail to ensure you understand every aspect and confirm that it aligns with your expectations.