"What do you think of WLS, I am putting some money away for my...

"What do you think of WLS, I am putting some money away for my son and was wondering if you had an opinion on this stock."


I do, and it is not favourable.
I regard the people who run it as a bit too cynical and self serving for my liking.

* non-transparent reporting
* high MER
* too much insider 'market operation' (also apparent in WAM

As a long-term savings vehicles for children, I would recommend :

AUI, DUI (for portfolio quality and concentration, very low MER)
ARG (good portfolio, good track record, low MER, but also offers ease of incremental purchases through semi-annual Share Purchase Plans, you can buy $500 up to $2,500 every six months)

All three offer DRP.