Fee Disclosure Document
Disclosure form on our preferential custodian fees and rates.
Our Custodian
Our custodian NBIN is currently the largest custodian of Portfolio Management Firms with over $300 Billion in Assets.
As a client of Optimize Wealth Management, you will receive preferential custodian fees and rates which we will show in detailed below.
Fee Schedule
| Annual Administration Fees | Standard | Optimize Client |
| Registered Savings Plan (RRSP/LIRA/QSSP) | $100 | $0 |
| Registered Retirement Income Fund (RRIF/LRIF/LIF) | $100 | $0 |
| Tax Free Savings Account (TFSA) | $50 | $0 |
| Registered Education Savings Plan (RESP) | $50 | $0 |
| Inactivity Fee (annual, charged quarterly) | $50 | $0 |
| Registered Plan Fees | Standard | Optimize Client |
| Plan Deregistration Fees Partial | $50 | $25 |
| Plan Deregistration Fees Full (Transfer-Out) | $125 | $125 |
| Unscheduled RIF Withdrawal | $50 | $0 |
| Eligible Private Share Corporations One Time | $250 | $250 |
| Eligible Private Share Corporations Annual Fee | $200 | $200 |
| Ad-Hoc Service Charges | Standard | Optimize Client |
| Account Transfers (Transfer-Out) | $125 | $125 |
| Certified Cheque (plus applicable third party charges) | $15 | $125 |
| Third Party Disbursement (plus applicable third party charges) | $50 | $125 |
| Cheques - Returned Items (plus other applicable charges) | $42.50 | $125 |
| Stop Payment | $25 | $125 |
| Wire Transfer (rush same day EFT) - Outbound Domestic | $25 | $125 |
| Wire Transfer (rush same day EFT) - Outbound International | $50 | $125 |
| Wire Transfer - Inbound | $50 | $125 |
| Ad-Hoc Service Charges | Standard | Optimize Client |
| Electronic Funds Transfer (next day EFT) | $0 | $0 |
| Non-Eligible Mutual Funds (per month) | $10 | $10 |
| Certificate Registration (Canadian & US) | $50 | $50 |
| Rush Certificate Registration (Canadian & US) | $150 | $150 |
| Paper Statement Fee (per quarter per client ID) | $10 | $10 |
| Paper Trade Confirmations (per Confirmation) | $6 | $6 |
| Drip Enrollment (initial fee) | $2 | $2 |
| Investigation Fee (hourly) | $50 | $0 |
| Debit Interest | 21% | 21% |
Trade Execution
Commission charges may be applied by NBIN on any trade, are charged in the currency of the transaction, and are subject to change.
| Canadian and US Equities | Standard | Optimize Client |
| Priced from $0.01 to $1.00 | 1% of gross value of trade, min $30 | 1% of gross value of trade, min $15 |
| Priced from $1.01 to $4.99 | $0.02/share, min $30 | $0.01/share, min $15 |
| Priced from $5 to $24.99 | $0.03/share, min $30 | $0.02/share, min $15 |
| Priced from $25 and over | $0.04/share, min $30 | $0.03/share, min $15 |
| Mutual Funds | Standard | Optimize Client |
| Mutual Funds (FundSERV) | $25 | $10 |
| Mutual Funds (non-FundSERV) | $50 | $50 |