One is 0.5-per-cent cash back on every purchase – the money is deposited into your account each month. The other is no foreign transaction fees for purchases and ATM withdrawals outside Canada.

A fee-based account is where a fee is charged based on the market value of the assets being managed. This is distinctly different than a transactional account where commissions are charged for ...

Unlike savings accounts, however, money market accounts often come with transactional features — such as the ability to write a limited number of checks and make bill payments each month.

In its report, PriceMetrix found fee-based accounts are more attractive for advisors almost across the board. The average fee-based account is 46% larger than the average transactional account. It ...

Read: IIROC wants advisors to justify comp PriceMetrix also finds the average fee-based account is 46% larger than the average transactional account, and generates revenue that’s more than three times ...

Looking at product mix, 92% of HNW households hold transactional accounts compared to 85% of households with assets between $250,000 and $500,000. They’re also more likely to hold fee accounts — 51% ...