Juries are often happy to award treble damages and attorney's
fees against investors, so caution is in order.
Not exact matches
And then if the flat
fee is proportioned to match the afford - ability of the low to middle class citizen then you have increased your potential
investor class and the amount of capital you can transact
against.
He's also wary of the ways of Wall Street and cautions
investors to steer clear of its institutional con men and cautions
against excessive
fees and taxes that invariably eat up profits.
Low - cost index funds (or exchange traded funds) give
investors a big leg up
against the vast majority of actively managed funds that charge more than 2 % of assets annually because most of the active funds fail to earn back the
fees they charge.
What you can't argue
against is the desire of the industry to prod
investors into vehicles that provide much higher
fees than those found on plain vanilla index ETFs on which we continue to see downward pressure.
The thoughtful, detailed analysis and judgment of the proposed move by the federal government to create a national securities regulator shows how little improvement there really is likely to be for the individual
investor in solving key problems: high
fees for mutual funds, costly access to government of Canada securities, lack of fiduciary responsibility by the industry towards
investors, inadequate civil court recourse
against misbehaving financial firms, priority given to financial system protection over
investor interests.
Instead, he feels
investors need to do a better job of measuring
fees against the benefit.
Investors should also compare
fees against industry benchmarks and averages.
So let's all please stop pretending that when
investors insist that you cap your legal
fees when negotiating
against them that they're doing it to save you money.
While there may be debate about the practice of an outside
investor covering costs awards, experts»
fees, disbursements or even the full expense of the litigation, the relatively few decisions in Canada in this area have all said that there is no prohibition
against it.