Toronto-based 1832 Asset Management L.P., which manages ScotiaFunds, on Friday announced that it will be lower the fixed administration fee (“FAF”) on Series F of 25 mutual funds and portfolios.
Series F mutual funds are used by fee-based advisors.
The new fees range between 0.04% and 0.37%.
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Desjardins says the transaction "does not call into question our business relationship with Fiera"