Investors Group expands RDSP solutions with more investment options and greater flexibility
WINNIPEG, July 17, 2018 /CNW/ - Investors Group has expanded the range of product solutions available for Registered Disability Saving Plan (RDSP) investments. For a person living with a disabilityi, RDSPs can provide financial security as they save for the long-term. These plans may also be eligible for matching grants and bonds from the federal government, which makes them attractive investment options for many Canadians.
"We've expanded our investment options for RDSPs to give investors seeking additional portfolio solutions, and those with higher asset levels, greater flexibility in how they manage their plans," said Jon Kilfoyle, Senior Vice-President, IG Investments, Investors Group. "If you're looking to expand the investment mix of your RDSP, or thinking of starting one, we have the solutions to meet your needs."
The new investment options for RDSPs include:
- Expanding eligible portfolio solutions: Clients with an RDSP will have access to Alto Monthly Income Portfolio, Alto Monthly Income and Growth Portfolio, Alto Monthly Income and Enhanced Growth Portfolio, and Investors Cornerstone Portfolio to include in their plans.
- Lower fee series: Expanding our lower fee series for certain mutual funds to include the new J Seriesii RDSP, provides clients whose Household Investments with Investors Groupiii are $500,000 and above with access to lower fee options. The $500,000 minimum includes investments in RDSP Series.
The expanded product solutions are expected to be available on or about July 16, 2018, subject to regulatory approval.
Founded in 1926, Investors Group is a national leader in delivering personalized financial solutions to Canadians through a network of Consultants located across Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and other financial services. Investors Group has $88 billion in assets under management as of June 30, 2018 and is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $159 billion in total assets under management as of June 30, 2018.
Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus of the Funds and speak to an Investors Group Consultant before investing. Mutual funds are not guaranteed, values change frequently and past performance may not be repeated. Recommendations relate only to Investors Group mutual funds.
_______________________
i The RDSP Beneficiary must qualify for the federal Disability Tax Credit.
ii Includes lower fee Series Jdsc-RDSP and Series Jnl-RDSP.
iii Household Investments include investments made and still held by a Household in all Investors Group Funds, and in GIFs, IG/GWL Segregated Funds and discretionary managed accounts that may be offered by IGSI
SOURCE Investors Group Financial Services Inc.
For further information: Media contact: Trish Tervit, Director, IGM Communications and Media Relations, [email protected], 416-967-2166
Share this article