The Straight Talk Blog

From time to time, we intend to make postings to our Straight Talk Blog when we have something important to say. All three partners will be contributing authors. We'll alert you by e-mail when we make a new posting.
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Best regards,
Rob, Rupel and Richard


April 2015

Today is April 1st but this news is no April Fools’ joke.
Apr 1, 2015 10:35 AM
Heathbridge Capital Management

Effective today, the management fee for the Heathbridge Checkmark Equity Pooled Fund will be reduced from 1.55% to 1.50%. This comes on the heels of earlier reductions of from 1.75% to 1.65% on January 1st, 2011 and from 1.65% to 1.55% on April 1st, 2013.

The pooled fund is now larger than $100 million. As before, we are pleased to share the benefit of the economies of scale with our clients.

This policy contrasts with the large bank-controlled mutual funds whose fees have actually gone up as their funds have grown (Rob Carrick highlighted on April 25, 2014 that the management expense ratio rose over the past 5 years for 9 of the largest 12 mutual funds in Canada. This included every bank-run mutual fund on the list) – and consumers trust the banks! Perhaps that is the April Fools’ joke.

The fees on our larger segregated accounts continue at 1.25%.

Heathbridge began managing money for our earliest clients 19 years ago and we have had a great partnership with them ever since.

We look forward to many more years together in the future. Thank you fo‎r your ongoing trust.

The Heathbridge Team