Thank you very much, Mr. Chair.
Thank you to the witnesses. This is a very interesting discussion.
Mr. Kholodenko, I'm going to continue along the same lines as my colleagues. At Questrade, according to your website, you conduct transactions with a minimum value of $4.95.
I like concrete examples. Let's say I have $200,000 in RRSPs right now and I give it to you. How much will I pay in transaction or management fees? Right now, it's costing me several hundred dollars. I imagine it will depend on each transaction I make. If I understand correctly, your customers have to conduct their own transactions; they decide which stocks or exchange-traded investment funds they invest in.
From what you said in your remarks, the money people don't pay in fees adds to their savings, which makes them grow. Can you explain to me how I can save money using your services?