Statistics Canada - Producer Prices Division
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This information is collected under the authority of the Statistics Act, Revised Statutes of Canada, 1985, Chapter S-19.
Completion of this questionnaire is a legal requirement under this Act.
Introduction
Purpose of this Survey
The data collected in this quarterly survey will be used to produce an index that measures the change in average prices charged for securities brokerage services in Canada. Statistics Canada will use the index to estimate inflation-adjusted growth and productivity for this sector of the economy.
This survey applies to registered Dealer/Broker firms in Canada that provide full-service brokerage services to retail clients.
Statistics Canada plans to combine the responses relating to your organization with the information you previously provided on this survey. Your information may also be used by Statistics Canada for other statistical and research purposes.
Confidentiality
Statistics Canada is prohibited by law from releasing any information it collects which could identify any person, business or organization, unless consent has been given by the respondent or as permitted by the Statistics Act. Information from this survey will be used for statistical purposes.
Record linkages
To enhance the data from this survey and to minimize the reporting burden, Statistics Canada may combine it with information from other surveys or from administrative data sources.
Your participation is important
Your participation is vital to ensuring that the information collected in this survey is accurate and comprehensive.
Return Procedures…. Need Help?
Please return the completed questionnaire to Statistics Canada within 20 days of receipt by mail using the return envelope. You can also fax it to 1-855-314-8765 or email to statcan.ppd-sbspi-dpp-escvm.statcan@statcan.gc.ca.
Lost the return envelope or need help?
Call us at 1-800-478-5086 or mail to:
Statistics Canada, Producer Prices Division
170 Tunney's Pasture Driveway
Jean Talon Bldg, 10th Floor,
Ottawa, Ontario, K1A 0T6
Fax or e-mail transmission disclosure
Statistics Canada advises you that there could be a risk of disclosure during the transmission of information by facsimile or email. However, upon receipt, Statistics Canada will provide the guaranteed level of protection afforded all information collected under the authority of the Statistics Act.
Glossary
- Account/Household Value Ranges
- The market values of assets in accounts on which the fees were based, arranged in a series of ascending tiers.
- Advisor Managed Account (discretionary)
- An account similar to a fee-based brokerage account except that the Investment Advisor/Broker acts as the portfolio manager and has been given the discretionary authority to make investment decisions on behalf of the client rather than obtaining their approval to execute each transaction. Fees are typically calculated based on a percentage of the market value of assets. This survey excludes wraps or any third party managed accounts.
- Asset-Class Based Pricing Model
- A pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in accounts. This survey includes only Equity and Fixed Income pricing models.
- Blended Pricing Model
- A pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets, regardless of the types of assets in accounts.
- Canadian Exchange Listed Equities
- Stocks that are listed on Canadian securities exchanges such as the Toronto Stock Exchange.
- Equity Pricing Model
- An Asset-Class Based pricing model that is used to calculate the Investment Advisor/Broker fees charged on Fee-Based Brokerage and Advisor Managed Accounts that contain Equity assets.
- Fee-Based Brokerage Account (non-discretionary)
- An account similar to a transaction-based account except that clients are charged a fee typically based on a percentage of the market value of assets or a flat annual fee rather than commissions on a per transaction basis. The account fee generally includes a trade allowance and the Investment Advisor/Broker is required to obtain the client's approval before executing securities transactions on their behalf (non-discretionary).
- Fixed Income Pricing Model
- An Asset-Class Based pricing model that is used to calculate the Investment Advisor/Broker fees charged on Fee-Based Brokerage and Advisor Managed Accounts that contain Fixed Income assets.
- Household Value
- The market value of a group of accounts that are enrolled together; typically based on address and/or related family members and referred to as a 'household' account.
In these cases, the Investment Advisor/Broker calculates their fee based on the aggregate market value of the 'household' account rather than on the market value of each individual account. - Retail Full-Service Brokerage
- The segment of a firm's securities brokerage business where Investment Advisors/Brokers maintain an ongoing relationship with individual investors (retail clients) and work with these clients to determine and implement their investment objectives. Excludes Discount/Online.
- Total Commissions
- The sum of commissions earned in the calendar quarter for executing trade orders of Canadian exchange listed equities on behalf of retail full-service brokerage clients. Excludes 'new issue' equities and Discount/Online transactions.
- Total Fees
- The sum of investment advisory/brokerage fees earned for the calendar quarter on Fee-Based Brokerage or Advisor Managed accounts. Excludes taxes and all administrative fees.
- Total Account/Household Values
- The sum of the market values of assets in accounts on which the fees were based (billable portion of account assets).
- Total Market Value of Trades
- The sum of the market values of trades that were executed during the calendar quarter. Please report based on 'collapsed' fills where applicable.
- Trade Value Ranges
- The market values of trades arranged in a series of ascending tiers.
- Transaction-Based Account
- An account in which Investment Advisors/Brokers charge clients a commission for every trade executed on their behalf. Commissions are usually charged based on a percentage of the market value of trades or a flat dollar amount.
Section A. Transaction-Based Accounts: Exchange Listed Equities
An account in which Investment Advisors/Brokers charge clients a commission for every trade executed on their behalf. Commissions are usually charged based on a percentage of the market value of trades or a flat dollar amount.
Please report only for purchases and sales of Canadian exchange listed equities executed on behalf of retail full-service brokerage clients.
Exclude:
- 'new issue' equities
- Discount/Online transactions
Instructions:
For each Trade Value Range (A), please report the Total Commissions (B) earned in the calendar quarter and the corresponding Total Market Value of Trades (C) on which the commissions were based.
Please ensure fills are collapsed where applicable.
| Trade Value Ranges ($ Cdn) A |
Total Commissions ($000's) B |
Total Market Value of Trades ($000's) C |
|---|---|---|
| up to $9,999 | ||
| $10,000-$24,999 | ||
| $25,000-$49,999 | ||
| $50,000-$99,999 | ||
| $100,000-$149,999 | ||
| $150,000-$199,999 | ||
| $200,000-$399,999 | ||
| $400,000-$599,999 | ||
| $600,000-$799,999 | ||
| $800,000 + | ||
| Totals | ||
|
Notes:
|
||
Section B. Fee-Based Brokerage Accounts (non-discretionary): Blended Pricing Model
An account similar to a transaction-based account except that clients are charged a fee typically based on a percentage of the market value of assets in the account or a flat annual fee rather than commissions on a per transaction basis. The account generally includes a trade allowance and the Investment Advisor/Broker is required to obtain the client's approval before executing securities transactions on their behalf (non-discretionary).
Blended Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets in the account or group of accounts (household), regardless of the types of assets in accounts.
Examples:
- The fee is charged as a flat dollar amount or calculated as an annual percentage rate based on the total market value of assets in the account or group of accounts (household).
- The fee is calculated by applying different rates to incremental dollar portions of the total market value of assets in the account or group of accounts (household) which are then blended together to derive the fee.
Instructions:
For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).
| Account/Household Value Ranges ($ Cdn) A |
Total Fees ($000's) B |
Total Account/Household Values ($000's) C |
|---|---|---|
| up to $99,999 | ||
| $100,000-$249,999 | ||
| $250,000-$499,999 | ||
| $500,000-$999,999 | ||
| $1 Million-$1.9 Million | ||
| $2 Million-$4.9 Million | ||
| $5 Million-$9.9 Million | ||
| $10 Million + | ||
| Totals |
Section B. Fee-Based Brokerage Accounts (non-discretionary): Asset-Class Based Pricing Models
An account similar to a transaction based account except that clients are charged a fee typically based on a percentage of the market value of assets in the account or a flat annual fee rather than a commission on a per transaction basis. The account generally includes a trade allowance and the Investment Advisor/Broker is required to obtain the client's approval before executing securities transactions on their behalf (non-discretionary).
Asset-Class Based Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in the account or group of accounts (household). This survey only includes data for the Equity and Fixed Income pricing models.
Instructions:
For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).
| Account/Household Value Ranges ($ Cdn) A |
Total Fees ($000's) B |
Total Account/Household Values ($000's) C |
|---|---|---|
| 1. Equity | ||
| up to $99,999 | ||
| $100,000-$249,999 | ||
| $250,000-$499,999 | ||
| $500,000-$999,999 | ||
| $1 Million-$1.9 Million | ||
| $2 Million-$4.9 Million | ||
| $5 Million-$9.9 Million | ||
| $10 Million + | ||
| Totals | ||
| 2. Fixed Income | ||
| up to $99,999 | ||
| $100,000-$249,999 | ||
| $250,000-$499,999 | ||
| $500,000-$999,999 | ||
| $1 Million-$1.9 Million | ||
| $2 Million-$4.9 Million | ||
| $5 Million-$9.9 Million | ||
| $10 Million + | ||
| Totals | ||
Section C. Advisor Managed Accounts (discretionary): Blended Pricing Model
An account similar to a fee-based brokerage account except that the Investment Advisor/Broker acts as the portfolio manager on the account and has been given discretionary authority to make investment decisions on behalf of the client rather than obtaining their approval to execute each transaction. Fees are typically calculated based on a percentage of the market value of assets. This survey excludes wraps or any third party managed accounts.
Blended Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets in the account or group of accounts (household), regardless of the types of assets in accounts.
Examples:
- The fee is charged as a flat dollar amount or calculated as an annual percentage rate based on the total market value of assets in the account or group of accounts (household).
- The fee is calculated by applying different rates to incremental dollar portions of the total market value of assets in the account or group of accounts (household) which are then blended together to derive the fee.
Instructions:
For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).
| Account/Household Value Ranges ($ Cdn) A |
Total Fees ($000's) B |
Total Account/Household Values ($000's) C |
|---|---|---|
| $100,000-$249,999 | ||
| $250,000-$499,999 | ||
| $500,000-$999,999 | ||
| $1 Million-$1.9 Million | ||
| $2 Million-$4.9 Million | ||
| $5 Million-$9.9 Million | ||
| $10 Million + | ||
| Totals |
Section C. Advisor Managed Accounts (discretionary): Asset-Class Based Pricing Models
An account similar to a fee-based brokerage account except that the Investment Advisor/Broker acts as the portfolio manager on the account and has been given discretionary authority to make investment decisions on behalf of the client rather than obtaining their approval to execute each transaction. Fees are typically calculated based on a percentage of the market value of assets. This survey excludes wraps or any third party managed accounts.
Asset-Class Based Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in the account or group of accounts (household). This survey only includes data for the Equity and Fixed Income pricing models.
Instructions:
For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).
| Account/Household Value Ranges ($ Cdn) A |
Total Fees ($000's) B |
Total Account/Household Values ($000's) C |
|---|---|---|
| 1. Equity | ||
| $100,000-$249,999 | ||
| $250,000-$499,999 | ||
| $500,000-$999,999 | ||
| $1 Million-$1.9 Million | ||
| $2 Million-$4.9 Million | ||
| $5 Million-$9.9 Million | ||
| $10 Million + | ||
| Totals | ||
| 2. Fixed Income | ||
| $100,000-$249,999 | ||
| $250,000-$499,999 | ||
| $500,000-$999,999 | ||
| $1 Million-$1.9 Million | ||
| $2 Million-$4.9 Million | ||
| $5 Million-$9.9 Million | ||
| $10 Million + | ||
| Totals | ||
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