The Mutual Fund Dealers Association has announced its membership fees for the coming year.

Membership fees will be pro-rated in the first year of membership based on the date of acceptance into membership. Once a firm’s membership is accepted, the MFDA will calculate and invoice the pro-rated fee by multiplying the fee rate by the assets under administration (AUA) reported as of March 31 for the current year.

The approved fee rates for the year July 1, 2003 to June 30, 2004 are as follows:

  • Tier 1 — $86 per million on the first $500 million of AUA;
  • Tier 2 — $81 per million on the next $500 million of AUA;
  • Tier 3 — $75 per million on the next $4 billion of AUA;
  • Tier 4 — $69 per million on the next $5 billion of AUA; and
  • Tier 5 — $65 per million on amounts in excess of $10 billion of AUA.

For subsequent years, membership fees will be based on the average of the firm’s AUA balance at March 31 of the prior year and March 31 of the current year.

Annual membership fees for the period July 1 to June 30 will be equal to the MFDA fee rate multiplied by the firm’s average AUA.


The fee rates are established annually by the MFDA’s board.
http://www.mfda.ca/membership.html