CIBC: Fee-based Advice
Keep it simple! One all-inclusive fee will enable your investment advisor to work for you.
What is fee-based advice?
A fee-based advisor works with you to create, implement and manage a customized investment portfolio while adjusting it to the changing market conditions and your personal circumstances. The advisor is compensated with an agreed-upon percentage fee for their investment advisory services.
Who is it for?
Whether your priority is to save for retirement or build wealth through non-registered investments, this specialized service is meant for individual investors, corporations or foundations who prefer an all-in-one fee versus paying per transaction.
What are the benefits?
• Fee transparency. A fee-based client does not need to worry about accumulating transaction costs and can instead focus on achieving their financial goals. The fee is inclusive of Financial Planning, Estate and Insurance Planning plus Investment Advisory Services.
• Unbiased advice. Fee-based advisors do not make a commission on each trade. Any income earned by the fee-based advisor is paid solely by the client, helping to ensure that they are always working in the client’s best interest.
• Enhanced flexibility. The client and advisor work together to make changes to the portfolio or capitalize on immediate opportunities without the concern for transaction fees.
For more information on this topic, please contact Sugithan Kumaresan, CFP, CIM, Senior Wealth Advisor, CIBC Private Wealth, Wood Gundy 4110 Yonge Street Suite 600 Toronto Ont. | 416-229-5866
CIBC Private Wealth consists of services provided by CIBC and certain of its subsidiaries, including CIBC Wood Gundy, a division of CIBC World Markets Inc. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license. “Wood Gundy” is a registered trademark of CIBC World Markets Inc. If you are currently a CIBC Wood Gundy client, please contact your Investment Advisor. Sugithan Kumaresan is an Investment Advisor with CIBC Wood Gundy in North York. The views of Sugithan Kumaresan do not necessarily reflect those of CIBC World Markets Inc. This information, including any opinion, is based on various sources believed to be reliable, but its accuracy cannot be guaranteed and is subject to change. CIBC and CIBC World Markets Inc., their affiliates, directors, officers and employees may buy, sell, or hold a position in securities of a company mentioned herein, its affiliates or subsidiaries, and may also perform financial advisory services, investment banking or other services for, or have lending or other credit relationships with the same. CIBC World Markets Inc. and its representatives will receive sales commissions and/or a spread between bid and ask prices if you purchase, sell or hold the securities referred to above. © CIBC World Markets Inc. 2023.
