Can I see the Planning Fees I've earned?
- Yes. Just log into your PPI Valet account and review your balance, earnings, and payments through our Fee Tracker.
How can I see my previous earnings?
- Underneath the Fee Tracker, click the calendar icon and select a month.
How are fees charged?
- CI Direct Investing collects Financial Planning Fees from clients monthly and applies them to your account.
- Your clients will see your fee labelled "Advisory Fee" in their transaction history. CI Direct Investing's fees are separate and labelled as "Management Fee".
How often do I get paid?
- Fees collected from your clients will now be paid on the third week of the month, once they reach a threshold of $100.
- All residual fees will be paid at the end of the year.
How are payments processed?
- Your earnings are deposited into the bank information on your profile.
- Note: If the name on your bank account does not match the name on your profile it may be delayed and you will be notified.
Where do I upload banking information?
- Once you log into your PPI Valet account, click "Menu" in the top-left corner and select "Payment Information".
Do I need to pay taxes on my earnings?
- Yes. CI Direct Investing does not remit any taxes on your behalf.
- You can download the fee report from your dashboard by clicking the "Download fee report" button.
- This report lists the aggregate Representative Service Fees you have collected in each month and the associated tax.
- Note that clients are charged taxes in the province where they reside. If you have clients in two provinces, there will be two entries for both fees and taxes each month.
How do I change my Planning Fee?
- Click on a client's name to open the Client Summary then click the "Edit" button next to "Planning Fee".
- In the next box, you can update the Planning Fee and write a quick message to your client.
- Once you click "Save", your email will be sent to your client informing them of the change.
If you have any questions, please contact your regional representative or [email protected].