QUEBEC CITY, Dec. 7, 2015 /CNW Telbec/ - iA Financial Group (Industrial Alliance Insurance and Financial Services Inc.) announces the launch of the Prestige Series for clients whose consolidated assets with the company have a market value of $300,000 or higher. These segregated funds offer a significant management expense ratio reduction varying between 0.10% and 0.55%, depending on the fund.
The two new Prestige Series offer investors a wide range of segregated funds that meet all risk profiles. The new series are Classic Series 75/75 Prestige (75 funds) and Series 75/100 Prestige (70 funds).
The reduced management expense ratios are applied to all funds in the two new series. iA Financial Group is thus reducing its already competitive management expense ratios. Qualification for this reduction is determined on a weekly basis and is applied automatically without any action required by the advisor or the client. When a client qualifies, the reduction is applied to assets held in Classic Series 75/75 or Series 75/100. The company automatically transfers the fund units to the equivalent Prestige Series funds.
"Adding the Prestige Series reaffirms our commitment to offering customized solutions to our clients, particularly to clients who have significant assets with iA Financial Group. These rigorous investors are seeking growth and prosperity and our solution will help them reach these goals", said Manon Gauthier, Vice-President, Individual Savings and Retirement.
In addition to benefiting from a complete fund offering that can meet the needs of various asset allocation strategies, clients of the Prestige Series also benefit from the expertise of a seasoned team of internal and external managers. These series also offer all the benefits of segregated funds, including creditor protection and rapid estate settlement in the event of death.
About iA Financial Group
Founded in 1892, iA Financial Group offers life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgages and car loans, and other products and services for both individuals and groups. It is among the four largest life and health insurance companies and one of the largest publicly traded companies in Canada. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.
iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.
SOURCE Industrial Alliance Insurance and Financial Services Inc.
For further information: Pierre Picard, Manager, Public Relations, Phone: 418-684-5000, ext. 1-1660, Email: [email protected]; Website: www.ia.ca