Agora Financial Services Inc.

February 03, 2005 22:03 ET

New Low Cost Approach To Mutual Fund Investing & Financial Planning

This Mutual Fund Dealer Pays You Attention: Business/Financial Editor KLEINBURG, ONTARIO--(CCNMatthews - Feb. 3, 2005) - Agora Financial Services Inc. opens, a unique low cost, electronic only, service for mutual fund clients. Agora eClient is a flat fee advisory service and unlike a traditional dealer, all commissions and trailer fees are returned to the client. Client contact will be by telephone, internet and fax only. Agora eClients will also take advantage of the latest in web meeting solutions to service client needs remotely. Agora eClient will introduce clients to mutual fund managers that respect the need to provide fair value. It all adds up to getting more for less but at a distance.

At Agora eClient, we believe that costs do matter. Everyday, more questions are being asked about the high cost of mutual funds and the advisory system in Canada. It is too often true that investors are paying too much for too little. They are supporting their mutual fund's manager's efforts to find new clients, not just manage the existing ones. Worse yet, advisors and brokers are being paid for providing ongoing service that is often lacking or non-existent.
Mutual funds come with a hidden cost. Each mutual fund company deducts management fees and expenses directly from the funds. The total of all costs are disclosed as the management expense ratio, or MER, which are often 2.5% to 3.5% every year. Among the items that these fees pay are the one-time sales commissions, sometimes over 5%, as well as monthly servicing fees called trailers, or trailer fees, of as much as 1.2% per annum.

Financial advice is an option that can be added at a low fixed cost also.

Agora Financial Services Inc., is a long established mutual fund dealer based in Kleinburg, Ontario. IN: FINANCE, RETAIL, TECHNOLOGY

Contact Information

  • James Hawtin, Agora eClient
    Primary Phone: 416-907-9631
    Secondary Phone: 416-422-3445
    Toll-Free: 866-831-4490