Nest Wealth, a Toronto-based digital wealth manager, has launched a campaign to help Canadian investors better understand the fees they are paying on their investments. Next to buying a home, fees paid on investments can be the single biggest lifetime expense many Canadian households will have to deal with. Over the course of an investor’s life, mutual fund fees can end up costing the average Canadian household $323,654.40, says Nest Wealth. “Put in context, the average Canadian household will spend $80,000 more on investment fees than they’ll spend to raise their child to the age of 18,” says Randy Cass, founder and CEO of Nest Wealth.
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