33| O akville B eaver | T hursday,July 5,2018 insidehalton.com New & ViNtage ViNyl lP's, 45's, 78's, CDs, taPes, Books, MeMoraBilia, swag OakvilleOakville REC RDSH W 10:00-4:00pm • Admission $4 MUSIC OF ALL GENRES Holiday Inn Oakville Centre 590Argus St., Oakville, ON extravaganza@cogeco.ca • 905-650-9459 • www.recordshow.ca Like us on 10 am Door Crasher Etta James At Last $5 w/$50.00 purchase New Vinyl Lp Reissue One per customer Limited quantity Sunday, July 8, 2018 Mandeville Private Client Inc. is a Member of the Investment Industry Regulatory Organization of Canada and a Member of the Canadian Investor Protection Fund. Mandeville Private Client Inc. is a registered trademark of Mandeville Private Client Inc. is a Member of the Investment Industry Regulatory Organization of Canada and a Member of the Canadian Investor Protection Fund. Mandeville Private Client Inc. is a registered trademark of Mandeville Private Client Inc. is a Member of the Investment Industry Regulatory Organization of Canada and Portland Holdings Inc. and used under license by Mandeville Private Client Inc. For further information please a Member of the Canadian Investor Protection Fund. Mandeville Private Client Inc. is a registered trademark of Portland Holdings Inc. and used under license by Mandeville Private Client Inc. For further information please a Member of the Canadian Investor Protection Fund. Mandeville Private Client Inc. is a registered trademark of contact your Advisor. Consent is required for any reproduction, in whole or in part, of this piece and/or of its images Portland Holdings Inc. and used under license by Mandeville Private Client Inc. For further information please contact your Advisor. Consent is required for any reproduction, in whole or in part, of this piece and/or of its images Portland Holdings Inc. and used under license by Mandeville Private Client Inc. For further information please and concepts. contact your Advisor. Consent is required for any reproduction, in whole or in part, of this piece and/or of its images and concepts. contact your Advisor. Consent is required for any reproduction, in whole or in part, of this piece and/or of its images WHY...WHY... ...for the second consecutive year, has Mandeville been voted Canada's Top Brokerage of the year? FOR THE ANSWERS CONTACT A MANDEVILLE ADVISOR TODAY WWW.MANDEVILLEINC.COM 905-331-4255 It's time to see if all the talk about decreasing in- vestment fees has actually resulted in lower costs for those who own mutual funds.funds.f Don't get your hopes up. The news isn't good. To put mutual fund feesTo put mutual fund feesT into proper perspective we should understand that mu- tual funds are very popular with Canadians. Strategic Insight reports at the end of 2017, 36 per cent of Canadi- ans' wealth was invested in mutual funds. The president of the In- vestment Funds Institute of Canada said, "Canada is the highest country in the (Or- ganization for Economic Co-operation and Develop- ment) in terms of household assets investing in mutual funds."funds."f There is an endless list of mutual funds to choose from, but most of the moneyfrom, but most of the moneyf is channeled toward funds offered by the banks and large, well-known mutual fund companies. Almost 40fund companies. Almost 40f per cent of mutual fund as- sets are held in the 100 larg- est mutual funds. In theory, that should be excellent news. Economies of scale allow businesses to be run more economically and as a result, the financial consumer should expect lower costs. For some reason in Can-For some reason in Can-F ada the normal realities of economics don't translate to lower mutual funds fees. According to research compiled by the Globe and Mail and Fundata Canada, the cost of owning a mutual fund, which is referred to asfund, which is referred to asf the management expense ratio, has only declined by five hundredth of one perfive hundredth of one perf cent in the last five years for the top 100 mutual funds in Canada. Fees are important.Fees are important.F If you own a mutual fund with a high cost, then your overall return on invest- ment will be reduced. That could have a major impact on achieving your financial objectives. I suggest you understand the amount of fees you are paying on mutual funds and then have a discussion with your adviser to see if there are other good, less expen- sive, options. - Peter Watson is an agent of, and securities productsof, and securities productso are provided by, Aligned Capital Partners Inc. (AC-Capital Partners Inc. (AC-C PI). ACPI is a member ofPI). ACPI is a member ofP the Investment Industrythe Investment Industryt Regulatory Organization of Canada (IIROC) and theCanada (IIROC) and theC Canadian Investor Protec-Canadian Investor Protec-C tion Fund (CIPF). The opinions expressed areopinions expressed areo those of the author and notthose of the author and nott necessarily those of ACPI. Peter Watson providesPeter Watson providesP wealth management servic- es through Peter Watsones through Peter Watsone Investments.Investments.I OPINION The 411 on mutual fund fees -- the news isn't good Understand and discuss fee options with an adviser, writes Watson PETER WATSON Column