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Fees
A True Partnership
At Liberty we treat our clients like partners. Our fee structure is based on assets under management so when our clients make money so does Liberty. As client accounts grow in value, we celebrate this growth by lowering the management fee. Further we have instituted a 'Community Pricing' program whereby any referrals from clients are aggregated under a household and treated as one account for management fee purposes.

Client referrals will benefit existing and new clients by helping to reduce overall fees. For example, if a husband and wife start with a $1 million portfolio, they would pay a fee of 1.25%. If their child opened an account with $1 million, both parties would pay a fee based on the total $2 million, or 1.00%. Beyond familial relations, if a friend with a $1 million portfolio is referred in the example above; all parties would see a reduced fee to 0.88%.


Mutual Enrichment
We believe our fee structure will enrich the clients and help grow Liberty's business in a sustainable and cost effective way. We won't need the high overhead associated with full page advertisements or fancy office towers, rather we will let those gains accrue to our clients and ask for word of mouth referrals in return.

Management fees will be levied quarterly by Liberty based on the following schedule:

Assets Under Management Fee Percentage (plus HST or GST)
First $2 million 1.25%
$2 million to $3 million 1.00%
$3 million to $5 million 0.88%
$5 million to $7 million 0.75%
$7 million to $10 million 0.63%
$10 million to $20 million 0.50%
Over $20 million Negotiable

Custodial and Trustee Service Fees at National Bank (included in the Liberty Management Fee above)

Our custodian, National Bank, charges custody fees on a monthly basis. Those fees are included in the overall client fee and are as follows:

Account Size Fee Percentage*
Under $1 million 0.15%
Between $1 million and $5 million 0.10%
Over $5 million 0.05%

* Other custodial charges, if any, will be noted in our disclosure document.

All NBCN accounts are covered by the Canadian Investor Protection Fund (CIPF) up to $1 million per account where qualified.