OBSI News

Firm Bulletin: 2022 Fees for Participating Firms

How OBSI fees are determined
Participating firm fees are set annually by the OBSI Board of Directors in accordance with our corporate Bylaw. As a not-for-profit organization, participating firm fees fund all our operations and are set on a cost-recovery basis.

Each year, we establish a fee target based on our budget for the coming year and divide that fee target between the sectors of firms that use our service. The division of fees among the different sectors is based on the proportion of OBSI resources...

Maureen Jensen joins OBSI Board to become next Chair

Toronto, September 23, 2021 – OBSI’s Board of Directors is pleased to announce the appointment of Maureen Jensen to the board effective immediately. Ms. Jensen has also been selected to be nominated as the next Chair of OBSI’s Board of Directors at the next Annual General Meeting of the organization to be held in March 2022. Ms. Jensen will succeed Jim Emmerton, whose term as Chair will be coming to an end following 12 years of service.

Ms. Jensen has been a leader in the investment industry...

Firm Bulletin: OBSI firm fee outlook for 2022

While final fees will not be determined until approved by our board in late September and will not be invoiced until November 1, the purpose of this bulletin is to assist firms in their annual planning by sharing the likely direction of OBSI fees for 2022.

2020 and 2021 have been exceptional years for many reasons. From OBSI’s perspective, one of the biggest impacts of the pandemic has been a significant and ongoing increase in consumer and investor complaints. Complaint volumes in late 2020 and throughout...

OBSI e-News: Q2/2021

Read OBSI's latest newsletter featuring our newest case study, consumer bulletin, notice of independent evaluations and more.

Click here to read OBSI e-news: Q2/2021.

Consumer Bulletin: Take care when considering mutual funds with DSCs

Last updated: Monday May 10, 2021

Deferred sales charges (DSCs) are fees that mutual fund investors pay to the mutual fund company if they sell the mutual fund within a certain time after purchasing it. All mutual funds have fees and there are many ways that these fees can be structured. Not all mutual funds have DSCs, but many do. The amount the investor must pay when they sell a mutual fund with DSCs declines over time and typically reaches zero after five to seven years. This is an example of...