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How much commission do GIC brokers make?
January 16, 2023
1:00 pm
butterflycharm
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How much commission do GIC brokers make?

January 16, 2023
1:26 pm
Bill
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If you use the Search feature on this site you will find the answer to this (and maybe some other of your) questions(s).

January 16, 2023
1:49 pm
Dean
Valhalla Mountains, British Columbia
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    Good Suggestion ⬆, Bill.

On this site, the Search Function is in the third line from the top of every page here. It doesn't work for everything (it's limited to what's on this site), but it's always worth try.

And after that ... there's always Google. sf-wink

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

January 16, 2023
2:25 pm
justsmileandnod
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butterflycharm said
How much commission do GIC brokers make?  

I have not had a broker confirm this (and wouldn't ask), but from what I've heard on a few sites it's something around 1/4% of the total investment amount x the length of the term.

However, I believe that some brokers, in some cases, adjust their commission with a client if that is what it takes to get a deal done. As the old saying goes: 25% of a watermelon is better than 100% of a grape.

January 16, 2023
3:27 pm
AltaRed
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I think that is approximately correct but it should not matter what the broker commission is. All we care about is the yield to us.

January 16, 2023
7:08 pm
Dean
Valhalla Mountains, British Columbia
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AltaRed said

I think that is approximately correct but it should not matter what the broker commission is. All we care about is the yield to us.  

    'Amen' to that ⬆

And by now, the OP should have found the answer to his question on Google.

Moving on . . .

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

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