Mutual Fund Application in Canada there are over 85 investment management firms, money management companies including mutual fund and alternative investment organizations serving up to 4000 funds in the Canadian universe of funds.
Mutual Fund Applications today are set up where all funds within a family of funds or all funds in one company use the one application form, it generally represents and agreement with the mutual fund company and the investor where any or all funds are covered regardless even of the type or strategy of the underlying funds. A mutual fund organization presents one single application form for all funds and includes open money and rrsp eligible fund purchases aswell.
Mutual Fund Applications are available through your trusted financial advisor. Independent advisors can be licensed to sell any and all funds where as retail bank funds are sold only through the bank retail channel. Regardless of what type of mutual fund application you complete the returns maybe variable depending on the fund, the type of fund and the manufacturer. Generally a balanced fund or portfolio of funds is the way to go if you are the type of investor that prefers to set it and forget it.
Mutual Fund Application and the caviot empteur is always buyer beware for there are so many funds available with often similar application forms leading to diverse outcomes. A mutual fund prospectus and mutual fund disclaimer should be part of the application process as a strong reminder that you generally understand the markets and market risk involved with purchasing funds for your retirements or investment goals.
Link - Mutual Fund Application
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