When you invest in a fund, like a mutual fund or an ETF (exchange-traded fund), there’s a fee associated with the investment. This fee is called an MER (management expense ratio) and is charged by the fund company managing it and built into its price. Since Questwealth Portfolios invest exclusively in ETFs, there is an MER associated with each portfolio.
In a mutual fund, the MER goes toward paying the financial advisor, the mutual fund company, and the bank, as well as other expenses. So when comparing the MER of a mutual fund to the total cost of Questwealth Portfolios, you have to look at the mutual fund MER versus Questwealth’s management fee + MER of the specific portfolio you’re in.
Questwealth’s management fee ranges from 0.20% to 0.25% depending on your account balance.
Let's use an example:
Currently, if you invest $20,000 in a Questwealth Balanced Portfolio the total fee would be #ETF_MERTier2Growth+#% (0.25% management fee + a Portfolio MER of #ETF_MERTier2Growth#%). Compare that to the average mutual fund fee of #AverageMutualFundFeeGrowth#% and you’ll see how much you’re saving on yearly investment fees, which in turn help you keep more of your money.