Our Fees
At Cornerstone Financial, we believe in being completely transparent when it comes to fees. Fees are always discussed up front, whether it is fees on investments, tax preparation fees or fees to finalize a mortgage.
Investments
When you purchase a GIC, there is no cost to you. We are paid a finder’s fee from the financial institution with which your investment is placed. This is a very cost efficient way to buy the fixed income component of your investment portfolio compared to traditional bond fund.
As for mutual funds, all of our mutual funds are sold on a Zero-Load basis. You don't pay any commissions or fees to buy or sell your funds. That way we are not restricted if changes are needed to your portfolio. This is a major issue if your advisor sells you funds with a Deferred Sales Charge (DSC). All mutual funds charge a management fee to unitholders. The management fee is used to pay the investment manager, the investment company, our fee, trading costs and the cost to administer your account, including sending statements to you.
Income Tax
Our income tax preparation fees start at $50 for students and $80 for regular returns. There are additional fees if you have a small business like a farm or rental. Please contact us for a quote on your tax preparation.
Insurance
There are no fees to buy life, disability or critical illness insurance. We are paid a commission from the insurance company to place your business.