Time: 12:00PM–2:00PM

Room 8651 Education, Burnaby Campus. (The room is located at the end of the corridor leading into the Education Building from the Academic Quadrangle.)
On behalf of SFURA, I am pleased to announce the next session of our financial planning series. It aims to expand our knowledge of investment opportunities.

This presentation, given by Brett Creed and Ian Collins of ScotiaMcLeod, and Grahame Lyons of Claymore Asset Management, will address the drawbacks of mutual funds and the advantages of Exchange Traded Funds (ETFs) and Managed Accounts.

Most mutual funds and "wrap" accounts contain hidden fees ranging from 1% to 3.5% that are often hidden from the investor. These hidden fees, called management expense ratios (MERS), are not shown to the investor and create a direct drag on the investor's product's performance. ETFs provide many of the same benefits as mutual funds but have lower management fees thereby increasing one's return. For larger accounts, there are significant tax advantages to Managed Accounts, where a professional investment manager directly trades in securities in the client's account, allowing for tax reporting of capital gains, losses, dividends, and income. This provides the low maintenance of a mutual fund, the tax advantages of direct stock and bond holdings, fee transparency and advanced quarterly reporting.