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Fee Schedule

For accounts opened after November 1st, 2018

CI Direct Investing Clients

Fee Agreement

CI Direct Investing does not collect commissions from the products it sells. In order to maintain objective advice point of view, we charge the clients directly a percentage of assets under CI Direct Investing's management. The fees are charged on a tiered basis, according to the following schedule.

Asset Under Management Fees (per annum)
Less than $150,000  0.60%
$150,001 –$500,000 0.40%
Over $500,000 0.35%

A blended rate will be applied to Client's total assets under management with CI Direct Investing on all accounts. Fees will be calculated and accrued on a daily, and will be debited monthly plus applicable taxes in the jurisdiction in which the Client resides. If there were any commissions paid to CI Direct Investing as a result of products held in the Client's name, the commissions would be rebated to the account on a pro-rata basis, based on the holdings in the account and the time the security was held by the Client during the billing period. The fee calculation will start following the account opening date. The account opening date will be defined as the date of the initial deposit. 

Accounts that are redeemed prior to the end of the billing period will be charged on the pro-rata basis for the amount of days it was under CI Direct Investing's management.

What does your fee pay for?

CI Direct Investing's management fee will be inclusive of the following additional cost incurred by Client's accounts.

  • Custodial Fees
  • Trading Fees incurred by rebalancing.
  • Annual account admin fees
  • Registration fees (for TFSA and RRSP, Spousal RRSP, LIRA, RIF & LIF subject to account minimum)
  • Deregistration fees (for deregistration of registered plans such as TFSA, RRSP, etc.)

What your fee does not pay for?

Certain accounts, services and products such as, but not limited to Life Insurance, Group RRSP plans, etc., may be excluded from our standard fees calculated based on assets under management as described above. These accounts, services and products will be charged separately providing the Client with such details.

Management fee of the products

CI Direct Investing will strive to search commission free, low cost products, while staying true to our mandate of great investments.

CI Direct Investing however, does not control the costs and the management fees of the products it provides and as such does not include that fee in its management fee. In cases where the management fee of the product includes a commission to CI Direct Investing, CI Direct Investing will credit that commission back to the client as per mentioned above in this Agreement.

Account closure and transfer out/partial transfer out fees

CI Direct Investing's management fee also does not include account closure and transfer out fees, except in circumstance where CI Direct Investing caused such transaction in a regular course of managing the Client's account.


CI Direct Investing Clients working with an external representative under a Service Fee Agreement

For clients working directly with an external representative providing financial planning or support services as described in a Service Fee Agreement. For more details about your relationship with CI Direct Investing and your representative, refer to your Managed Investment Account Agreement and Service Fee Agreement.

Fee Agreement

CI Direct Investing does not collect commissions from the products it sells. In order to maintain objective advice point of view, we charge the clients directly a percentage of assets under CI Direct Investing's management. The fees are charged according to the following schedule.

Fees (per annum)
0.60%

A blended rate will be applied to Client's total assets under management with CI Direct Investing on all accounts. Fees will be calculated and accrued on a daily, and will be debited monthly plus applicable taxes in the jurisdiction in which the Client resides. If there were any commissions paid to CI Direct Investing as a result of products held in the Client's name, the commissions would be rebated to the account on a pro-rata basis, based on the holdings in the account and the time the security was held by the Client during the billing period. The fee calculation will start following the account opening date. The account opening date will be defined as the date of the initial deposit. 

Accounts that are redeemed prior to the end of the billing period will be charged on the pro-rata basis for the amount of days it was under CI Direct Investing's management.

What does your fee pay for?

CI Direct Investing's management fee will be inclusive of the following additional cost incurred by Client's accounts.

  • Custodial Fees
  • Trading Fees incurred by rebalancing.
  • Annual account admin fees
  • Registration fees (for TFSA and RRSP, Spousal RRSP, LIRA, RIF & LIF subject to account minimum)
  • Deregistration fees (for deregistration of registered plans such as TFSA, RRSP, etc.)

What your fee does not pay for?

Certain accounts, services and products such as, but not limited to Life Insurance, Group RRSP plans, etc., may be excluded from our standard fees calculated based on assets under management as described above. These accounts, services and products will be charged separately providing the Client with such details.

Management fee of the products

CI Direct Investing will strive to search commission free, low cost products, while staying true to our mandate of great investments.

CI Direct Investing however, does not control the costs and the management fees of the products it provides and as such does not include that fee in its management fee. In cases where the management fee of the product includes a commission to CI Direct Investing, CI Direct Investing will credit that commission back to the client as per mentioned above in this Agreement.

Account closure and transfer out/partial transfer out fees

CI Direct Investing's management fee also does not include account closure and transfer out fees, except in circumstance where CI Direct Investing caused such transaction in a regular course of managing the Client's account.

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