Operations Memo

OM_2023-01; Client Statement Mailing Fees

For more information, contact:

Advisor Services Team

Date Issued:

January 13, 2023

The costs associated with mailing out the client quarterly statements continue to rise. As a result, effective April 2023, the fee charged per statement will be $3.50.

We regret the price per mailed statement is going up, but the costs of delivery are out of our hands. We do, however, want to let you know that the fee per electronic statement (E-delivery) will remain at $1 per statement.

We encourage you to get your clients signed up for E-delivery. The benefits of E-delivery are many, including:

  • Lower cost to you
  • Environmentally friendly as the need for paper is eliminated
  • Clients receive their statement earlier than the mailed copy
  • Clients have access to previous statements
  • Clients can view their statements on any device

As always, if you have questions or comments, contact the Advisor Services Department by email at advisorservices@gpwealth.ca.