Portfolio Administration & Fees

Communication

Regular communication between the client and the portfolio manager is essential for fulfilling expectations and for building trusted long term relationships. The partners and portfolio managers at DORCHESTER are directly accessible to the clients and meetings to address individual needs occur as often as required.

Reporting

DORCHESTER clients receive regular statements showing all security positions, transactions, cost and market values, expected annual income, portfolio yield, as well as asset mix and foreign content percentages. Individual equity holdings and weightings are categorized by industry group. Clients also receive our Economic and Market Commentary on a quarterly basis.

Safekeeping

DORCHESTER does not hold cash or securities on behalf of its clients. Securities and cash are held at a custodial agent, usually a major Canadian trust company or bank. The custodial agent issues monthly statements and prepares annual income tax information reports.

Fees

Investment management fees are fully tax deductible for non-registered accounts and are billed quarterly in arrears, based on the market value of the assets under management. Fees will vary based on portfolio size and are generally a fraction of the expense ratios associated with many mutual funds or dealer sponsored wrap accounts.