Montreal-based National Bank Investments Inc. (NBI) announced on Wednesday that it's reducing administration and management fees as well as trailing commissions for certain Meritage portfolios.
The new administration fees, which affect 10 of NBI's Meritage portfolios, will be lowered to between 0.12% and 0.18% from 0.13% and 0.24%, respectively. (A full list of the specific changes is available in NBI's news release.)
Management fees and trailing commissions — for the initial and deferred sales charge options, up to six years or more — will also be reduced for its Advisor and T Series (and may extend to T5 series).
In addition, eight of the F Series and certain F5 Series will see its management fees reduced.
In other news, NBI intends to rename the English versions of five of the Meritage portfolios, so they more closely align with the French versions of the portfolios.