TORONTO, Oct. 22 /CNW/ - United Financial Corporation today launched its
Corporate Class share versions of the United Pools, giving advisors and their
clients enhanced tax efficiency for investment portfolios.
Corporate Class is being added to United Financial's Optima Strategy and
Private Client Managed Portfolios programs, which offer customized investment
management solutions to affluent clients.
"This new option empowers our advisors to bring more sophisticated
solutions to clients, to reduce taxes and costs and ultimately benefit from
the power of enhanced compounding afforded by this structure for many years
into the future," said Joseph Canavan, Chairman and Chief Executive Officer of
Corporate Class shares are structured as part of a corporation - rather
than a traditional mutual fund trust. This structure provides investors with a
number of tax advantages, including the ability to rebalance their
non-registered portfolios without triggering taxable capital gains, allowing
for additional compounded growth by deferring tax.
"The Optima Strategy and Private Client Managed Portfolios programs have
always differentiated themselves in the market through their disciplined
investment process and account consolidation at the family level," Mr. Canavan
said. "By enhancing their tax effectiveness, we are making each a truly
comprehensive solution that fits well with the needs of Canadian investors."
United Financial Corporation is a Canadian investment management and
wealth planning firm with approximately $10 billion in assets under
management. It provides customized managed portfolio solutions for
individuals, families and businesses through the Artisan Portfolios,
Institutional Managed Portfolios, Optima Strategy, and Private Client Managed
Portfolios programs distributed through advisors with Assante Wealth
Management and Stonegate Private Counsel LP. United Financial is on the Web at
United Financial is controlled by CI Financial Income Fund (TSX: CIX.UN),
an independent, Canadian-owned wealth management firm with approximately
$96.5 billion in fee-earning assets as of September 30, 2007. CI is on the Web
For further information:
For further information: Murray Oxby, Director, Communications, (416)