Can Bridgecorp tell me what brokerage was paid to my financial advisor?
Standard brokerage rates were disclosed in Bridgecorp’s prospectus. Prior to the date of receivership, Bridgecorp reported brokerage on successful investment applications at a rate of 0.50% per annum (payable in one lump sum on settlement), up to a maximum total rate of 1.50%. The standard rates of brokerage applicable to the most common terms offered by Bridgecorp were reported as: 3 months 0.125% 6 months 0.250% 9 months 0.375% 12 months 0.500% 18 months 0.750% 2 years 1.000% 3 years and over 1.500% However we understand that, from time to time, Bridgecorp paid brokerage at different rates than those specified above and adjusted brokerage on investments repaid early. You should contact your financial advisor for specific details of brokerage paid in connection with your investment.
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