As you may know, the seemingly-insignificant fees that investors are conventionally required to pay each year, actually have a VERY substantial impact on the amount of capital they're able to accumulate. 

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So, these investment fees & management fees end up costing Canadian taxpayers a ton of money, because these fees REDUCE the amount of retirement savings Canadians are able to accumulate, which in turn INCREASES the amount of Government assistance retirees require.

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The reality is, the entities that Canadians entrust to oversee the accumulation of their retirement savings are all for-profit enterprises, which attempt to maximize their own profitability. This helps explain why those who work on Bay Street have such nice offices and live in the best neighbourhoods! 

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When compared to the level of investment fees in the United States, the fees in Canada are particularly high.

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According to Morningstar's US Fund Fee Study, in 2022 the average expenses ratio of all US open-end mutual funds and exchange-traded funds was .37% (37 basis points). 

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By comparison (although now a bit outdated), the median expense ratio for equity funds in Canada was 1.98% in 2018, higher than all but two other countries (Italy & Taiwan).

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As a current point of reference, Wealthsimple presently charges its Canadian investors .5% if they have under $100,000 in their account; .4% if they have between $100,000 and $500,000 in their account; and between .2% and .4% for accounts with more than $500,000.

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As already outlined, if young children are required to pay .4% in fees, because of their lengthy investment horizons, instead of accumulating their $10 million by age 65, they'll accumulate over $2,000,000 LESS.

 

And, even if a child is required to pay just .2% in fees, they'll still accumulate over $1,000,000 less.

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Introducing the BIG Shift Family of ZERO-Fee Funds

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To solve this problem, we are launching several investment funds (beginning with our ZERO-Fee S&P 500 Index Fund), which will each charge eligible investors (kids, their parents, BIG Shift Party Attendees, Members & Sponsors) NO fees, whatsoever.

 

Each of these funds will be available to eligible investors pursuant to a prospectus.

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How will we be able to afford to NOT charge eligible investors fees of any kind?

 

Instead of earning profits by requiring children and their parents to pay investment fees, we will derive our organization's overall profit from the other BIG Shift companies we operate, in economic concert.

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Importantly, the securities our BIG Shift ZERO-Fee funds acquire for their investors will be held - at arm's length - by a reputable third party custodian.