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www.insideHALTON.com | OAKVILLE BEAVER | Thursday, May 21, 2015 | 26 T The new financial fee disclosure will be good for investors Dollars & Sense Guest Contributor he nancial services business is nally going to evolve from the "dark ages" in about a year's time. Investment salespeople will have to disclose how much money they are making when selling nancial products. The current regime is void of normal business disclosure and transparency. When you buy almost anything, you are aware of the cost except when it comes to purchasing nancial products. The regulatory body that controls the sale of investment products is implementing new rules. Peter Watson As of July 2016, there is going to be a requirement of fee disclosure. The amount of investment fees and investment commissions is not being regu- lated -- just the requirement to have those fees and commissions disclosed. Suddenly, all investors will be aware of what is being paid to their nancial adviser. And that will be the start of a serious shift in the nancial services business. Currently, there is a tremendous dichotomy between the quality of nancial advice being delivered. Some investors, when they understand their fees better, will think those fees are fair because of the excellent quality of nancial advice they receive. However, there is going to be a signi cant number of investors who will be outraged to learn that high fees have been automatically paid to their adviser even though that adviser had given no or little useful investment advice. World of `buyer beware' We will enter a world of buyer beware. Be aware of what fees are being paid and be aware of the value of nancial services you are receiving. There will also be a nancial adviser beware mentality. see Many on p.27 INVITE GUESTS INTO YOUR ENTRYTHAT-MAKES-A-SPARKLINGFIRST-IMPRESSION-WAY $ Save $25 on each of your first five cleans. New customers only. Not valid with other offers. Offer Code: BP2015 125 OFF REGULAR MAID SERVICE CLAUDE'S VACUUM SHOP CL # 1 International Vacuum Month of May Special Tax Included Sales · Service · Parts Free Estimates on Repairs Hours: Monday, Tuesday, Thursday, Friday · 9am - 6pm Wednesday · 9am - 5pm Saturday · 9am - 4pm 905-845-9923 Maids.com .com Call now for a free, no-obligation estimate. www.claudesvacuum.com 128 Kerr St., Oakville, ON L6K 3A7 905.842.5658 | claude2@cogeco.net S A V I S O F H A LT O N & Z O N TA C L U B O F O A K V I L L E Brought to you by: RESCHEDULED Please call TA X S AV I N G S F O R YO U A N D YO U R FA M I LY. The Government of Canada has new ways to help you and your family save on taxes. There are measures available to help like: · The Family Tax Cut: Couples with children under age 18 can now split their income between the higher-income spouse and the lower-income spouse for tax purposes. Savings Account: Starting in 2015, you can earn more tax-free investment income than ever before. Keep more of your savings or spend it on the things that matter. L E A R N M O R E AT A C T I O N P L A N .G C .C A Subject to parliamentary approval. for more information. (905) 825-3622 LUNABAR.COM Benefiting: · Tax-Free