ClearDay Financial Compensation Policy

It is Pearl Tingle, Ted Lee, and ClearDay Financial policy that we do NOT charge you for our services, unless you want to pay us.

We get paid by companies whom products we find that are suitable for you. We will NOT sell you an unsuitable product to earn commission. Therefore we get paid normally by commissions, service fees and referral fees.

How we get paid is generally determine when you need or want you money. With the follow procedure used:

1. All funds (mutual, guarantee investment funds [GIF], segregated funds) are to be transfer in cash. Payable to our mutual fund dealer name, fund company name or Insurance company name. Never to our name and no cash is accepted by us. Also no in-kind transfers permitted.

2. If the funds are not going to be required for five (5) years or more. Then the funds will be put in the Deferred Service Charge (DSC) version of the fund. The fund company will pay our license holding company (mutual fund dealer or master general agency) 5% commission. Then the license holding company pays use our commission split. Most RSP's, Register Education Savings Plan (RESP) and open leverage investment accounts fall into this category.

3. If the funds are not going to be use for three (3) years to five years. Then the funds will be put into the Low Load (LL) version of the fund. The fund company will pay our license holding company 2 to 3% commission. Then the license holding company pays use our commission split. This applies to some Tax Free Savings Accounts (TFSA), RESP and some open accounts.

4. If the funds are going to be used within three (3) years or less. Then the funds will be put into the Front End version of the fund. Then ninety eight percent (98%) of your cash will be invest. Not 100% of you cash as with options 2 and 3, as stated above. The fund company will pay our license holding company 2% commission. Then the license holding company pays use our commission split. This normally applies to TFSA and Retirement Investment Funds (RIF) accounts.

5. Once the waiting (deferred) period is used up on the schedule, then all mature units will be transfers into the front end version of the fund at zero percent (0%) load. Some investment companies may do this automatically. Meaning at no cost to you.

6. Existing clients contributing, depositing, or adding new money will follow the above steps.