TORONTO, Sept. 28, 2018 /CNW/ - Mackenzie Investments announced today a new flat fee structure for all Preferred Pricing series within the Laurentian Bank Group of Funds offering. This simplified pricing structure continues Mackenzie's trend of focusing on the needs of the investor, with clear fees that apply to all.
As a result of these changes most investors in those Preferred Pricing series will receive lower fees and no investor will experience a fee increase.
The Preferred Pricing series will also be accessible to more investors, with a lower minimum eligibility requirement of $100,000 (from $250,000) per household, which is applicable to all funds other than the Mackenzie Private Wealth Pools.
The simplified pricing structure is expected to be available to investors in the Laurentian Bank Group of Funds on or around November 23, 2018.
Also, effective January 1, 2019, series LW6 will be renamed series LW5 and the fixed rate distribution on that series, and other series with a 6% fixed rate distribution, will change to a 5% fixed rate distribution.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $142.3 billion in assets under management as of August 31, 2018, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments 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 $161.1 billion in total assets under management as of August 31, 2018. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation
For further information: Trish Tervit, Director, Communications and Media Relations, Mackenzie Investments, 416-967-2166, [email protected]