iA Clarington announces enhancements to Elite Pricing for high-net-worth investors
TORONTO, Sept. 25, 2017 /CNW/ - IA Clarington Investments Inc. ("iA Clarington") today announced three enhancements to IA Clarington Elite Pricing, the Firm's pricing program for high-net-worth investors.
IA Clarington Elite Pricing now includes:
- Auto-switching into the discounted Elite series for eligible investors.
- Householding for IA Clarington Managed Portfolios starting at $100,000.
- Two new rebate thresholds: At $2.5 million in a single account, investors will now receive a 12.5 basis point (0.125%) rebate on every dollar invested; at $5 million, the rebate is 15 basis points (0.15%).
"These enhancements to Elite Pricing demonstrate our continued commitment to meeting the pricing expectations of high-net-worth investors who place their trust in our active approach," says Eric Frape, Senior Vice President, Product & Investments at iA Clarington.
ELITE PRICING AT A GLANCE
With IA Clarington Elite Pricing, eligible investors can lower their fees through fund-level discounts, account-level rebates and householding.
- Fund-level discounts. At $100,000 in a single fund in a single account,1 investors qualify for Elite series, which offers lower MERs compared to our standard retail series.
- Account-level rebates. At $250,000 in a single account,1 investors are eligible for tiered rebates,2 which are applied to every dollar invested and not just the amount above each threshold.
- Householding. Investors can extend the benefits of Elite Pricing to family members living at the same address and to corporate accounts. Householding begins at $250,000 for iA Clarington mutual funds and $100,000 for IA Clarington Managed Portfolios.
To learn more about IA Clarington Elite Pricing, speak with your financial advisor or visit iaclarington.com/elitepricing
About IA Clarington Investments Inc.
A subsidiary of Industrial Alliance Insurance and Financial Services Inc. – Canada's fourth-largest life and health insurance company – iA Clarington offers a wide range of investment products, including actively managed mutual funds, managed portfolio solutions and socially responsible investments. As of July 31, 2017, iA Clarington has more than $14 billion in assets under management. For more information, please visit iaclarington.com.
iA Clarington has the right to change or cancel any part of this program at any time. 1Not available on Money Market Fund, Short-term Income Class, Bond Fund Series F and FX, and Series V of the Inhance Monthly Income SRI Fund, Inhance Canadian Equity SRI Class, Inhance Global Equity SRI Class and Inhance Growth SRI Portfolio, Series I and Series O. Auto-switching requires dealer approval. Automatic switches are not available for DSC securities held within seven years of the original purchase date or for low-load securities held within three years of the original purchase date. 2A management fee rebate may result in tax implications in non-registered accounts. HST is also applicable on the rebates, management fees and advisor service fees. 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. The iA Clarington Funds are managed by IA Clarington Investments Inc. iA Clarington and the iA Clarington logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license.
SOURCE IA Clarington Investments Inc.
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