https://www.moneywehave.com/wealthbar-review/ Personal Finance and Budget Travel for Canadians Thu, 30 Sep 2021 17:38:57 +0000 hourly 1 https://wordpress.org/?v=7.0 https://www.moneywehave.com/wealthbar-review/#comment-212830 Fri, 19 Feb 2021 15:31:28 +0000 https://www.moneywehave.com/?p=760992#comment-212830 I’ve been with Wealthbar for 4 years, invested in their private balanced portfolios. While Wealthbar brags about being fee conscious, once you’re a client they don’t really disclose fees as well as they should. I’m paying an average .45% for the annual CI Direct mgmnt fee, plus the 1.55% imbedded mer on the Private Balanced fund. While the private portfolios provide access to not normally available asset classes, the total all in is close to 2% annual fees. Too much in my opinion for a balanced fund that has only provided a 6.0% annualized return to me over the 4 years. I’m transferring out to Private Invest Council at Scotia Wealth where their all-in wealth fees will be around 1.25%, and includes a team of advisors, including full financial planning. This level of advice is lacking at Wealthbar as well.

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