Coming to a mailbox near you: annual reports

February 12, 2019

Coming to a mailbox near you: annual reports

Your annual fee and performance report for 2018 provides a great opportunity to connect with your advisor, review your wealth plan, or simply up your investment game by providing a transparent view into your investment accounts. This annual report empowers Canadian investors because let’s be honest...investing can be complicated.

A couple of years ago we started to provide our clients with an annual report that provides a substantial view of their annual fees and performance for all accounts held at ATB Wealth. By now you should have received your 2018 annual report (if you haven’t, please contact your financial advisor).

Because these reports are still so new, we wanted to provide you an explanation of what you can expect to see and hopefully answer any questions you might have. Your advisor is also available to answer any questions your might have.
 

Your annual report will:

  • Be sent in addition to quarterly account statements already received.
  • Show detailed information on how your investment accounts have performed, and how much they cost.
  • Include text, tables and charts that explain:
    • How your account’s market value has changed
    • How your account has performed
    • Fees you paid to your investment dealer
    • Fees paid by others in connection with your account
       

The report contains two parts:

Part 1: Performance reporting

This section includes:

  • A personal, money-weighted rate of return for each account. This return not only considers the performance of the investments, but also the size and timing of any deposits or withdrawals.
  • Your investment mix and personal return as well as your deposits and withdrawals.

This section does not:

  • Include benchmarks. These may help explain how a fund has performed over a period of time, but they’re not relevant comparisons to your personal rate of return.
    • Benchmarks don’t take into account the amount or timing of individual day-to-day deposits or withdrawals.
    • Advisors can help you compare your actual personal rate of return to your target rate of return and determine whether or not you’re on track

Part 2: Fee reporting

This section includes:

  • Additional clarity regarding the fees ATB Wealth receives and/or charges in connection with your account. Our fees are not changing—only the amount of detail is new.
  • Details about money received by our firm over the previous year to provide services to you.

This section does not:

  • Indicate how much is paid to the advisor from your account.
  • Specify (for mutual funds), the amount paid to the investment fund manager.
    • To understand the total cost of a mutual fund, refer to the fund’s management expense ratio (MER)
    • MERs can be found in the Fund Facts document for each mutual fund, as well as on the fund’s financial statements.

 

You place a lot of trust in our team of experts, and we don’t take that responsibility lightly. Thank you your continued business and if you have questions about your accounts, performance or the fees you pay after receiving your annual reports, please reach out to your advisor or contact our wealth advice centre 1-888-282-3863.

 



ATB Wealth consists of a range of financial services provided by ATB Financial and certain of its subsidiaries. ATB Investment Management Inc., ATB Securities Inc., and ATB Insurance Advisors Inc. are individually licensed users of the registered trade name ATB Wealth. ATB Securities Inc. is a member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada.

 

 

 

Previous Article
Successful investing made simple
Successful investing made simple

Ensuring your money is managed responsibly, helps new investors feel less intimidated, especially during tu...

Next Article
What is a TFSA and how should I use it?
What is a TFSA and how should I use it?

Learn the basics of a Tax-Free Savings Account (TFSA) and how you can use it to meet your financial goals.