TORONTO, March 14, 2017 /CNW/ - CI Investments Inc. ("CI") has filed amended and restated prospectuses to provide eligible investors with the benefit of automatically applied fee discounts through its new CI Preferred Pricing™ and CI Private Wealth™ programs, which are set for launch in May 2017, pending regulatory receipt of the disclosure documents.
"We want to ensure that clients automatically receive preferred pricing upon reaching certain thresholds," said Roy Ratnavel, Senior Vice-President of CI. "It's a simple concept – the more assets that clients invest with CI, the larger the price discount that is applied."
The price discounts will apply to investment management and administration fees on CI's core mutual fund offerings in Class A (initial sales charge), Class F and a newly created Class P. Also, for Evolution Private Managed Accounts, price discounts will apply to investment management and administration fees for the United Funds' Class E (initial sales charge) and a newly created Class F. Existing Class F in the United Funds will be renamed Class OF.
Price discounts for most funds start at the $150,000 per account level, and increase as client asset levels rise. Also, extended family groups with aggregate asset levels of $250,000 or more can be linked for pricing purposes, generating additional discounts.
CI Private Wealth, which is designed for affluent and high net worth investors, offers enhanced options, including individual or consolidated client reporting and annual online tax reporting.
CI Preferred Pricing and CI Private Wealth provide clients with full access to CI's comprehensive selection of investment mandates and managed solutions, including CI Corporate Class and T-Class options.
CI also announced today that Class E, EF and O units and shares of CI Funds will be closed to new investors in early fall 2017.
About CI Investments – Canada's Investment Company
CI Investments is one of Canada's largest investment management companies. It offers a wide range of investment products and services, and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $159.5 billion in assets as of February 28, 2017.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. ®CI Investments, the CI Investments design and Evolution are registered trademarks of CI Investments Inc. ™CI Preferred Pricing and CI Private Wealth are trademarks of CI Investments Inc.
SOURCE CI Financial Corp.
For further information: Murray Oxby, Director, Communications, CI Investments, (416) 681-3254, [email protected]