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www.insideHALTON.com | OAKVILLE BEAVER | Thursday, January 30, 2014 | 12 CELEBRATING 40 YEARS OF EXCELLENCE Disclosing fees should be standard continued from p.9 court ruling that requires the client's interest to be put ahead of their investment adviser. The standard of care is investments are suitable for their clients but suitability does not include considering sales commissions, ongoing trailer fees or ongoing costs. My view is it is not possible to judge whether an investment is suitable without understanding the cost. The standard should be fees are clearly disclosed by the adviser and fully understood by the client. There should not be any potential conflict of interest between the client and the investment adviser. The clients' interests must come first. There are systems that allow mutual funds to be purchased on a fully-disclosed and transparent, fee-for-service platform. Unfortunately, only less than three per cent of mutual funds are purchased that way. Clients are paying large commissions to their investment adviser by purchasing mutual funds that are sold with a DSC. In our new and everchanging business world, what investor thinks it makes sense to commit to a seven-year term for the purchase of a mutual fund just so a sales person can be paid a commission? Why would anyone purchase a mutual fund that has a DSC? -- Submitted by Peter Watson, MBA, CFP , R.F .P ., CIM, FCSI., Certified Financial Planner UNIVERSITY OF TORONTO SCHOOL OF CONTINUING STUDIES The University Lecture Series STIMULATE YOUR CURIOSITY AND STAY CURRENT WITH THE WORLD The U of T School of Continuing Studies' University Lecture Series returns to Oakville this winter with an eclectic range of topics. Leading scholars and experts will provide thoughtful insights and provocative ideas in this always engaging subscription series. Some of this year's topics: Exoplanets: The Search for Other Earths Fifty Canadians Who Changed the World The Top Medical Conditions in Canada: What You Need to Know Standing in the Eye of the Storm: Mindfulness and the Management of Age-Related Stress How You Can Become an Opera Buff in Forty-Five Minutes Amadeus: The Cosmic Mozart Lee Miller: Fashion Model/Artist/Photographer/ War Correspondent 160 Girls in Kenya: Making Legal History Dates: LIVE. LOVE. YOUR LIFE. Four Seasons Sunrooms will bring your home to life! Now is the time to transform your dream home into a reality. To celebrate our 40th anniversary, Four Seasons is offering FREE INSTALLATION with all sunrooms and room additions. www.fourseasonstoronto.ca 800-538-2400 10 Feb to 28 Apr 2014 Time: Mondays 12:00 PM - 1:00 PM Course Fee: $162 plus applicable taxes Course code: SCS 1665-050 Location: Oakville Find out what people are talking about and register now. For the most up-to-date information on our speaker list or to register, visit: learn.utoronto.ca/uls. Learn more. learn.utoronto.ca/uls To register visit learn.utoronto.ca or call 416-978-2400. 158 St. George St. Toronto, Ontario M5S 2V8 Discount offered at first presentation only. Cannot be combined with any other offer. Other terms and conditions may apply. Financing provided through TD Canada Trust on approved credit for a limited time. These discounts apply to new quotations, and cannot be combined with previous pricing.