The Canadian firm has rolled-out several enhancements for its pricing program for wealthy investors
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IA Clarington Investment has rolled-out several enhancements for its pricing program for wealthy investors.
The enhancements to the firm's IA Clarington Elite Pricing include the auto-switching into the discounted elite series for qualified members and householding for managed portfolios of at least $100,000.
Additionally, the group introduced two new rebate thresholds. First, investors may now receive a 12.5 basis point rebate on every dollar invested at $2.5 million in a single account. Once the account reaches $5 million, the rebate will increase to 15 basis points.
"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," iA Clarington senior vice president for product & investments Eric Frape said.
The pricing allows eligible investors to lower their fees in three ways: fund-level discounts, account-level rebates, and householding. For investors with at least $100,000 in a single fund in a single account, the Elite Series offers lower management expense ratio compared to group's standard retail series.
Meanwhile, those who have $250,000 in a single account are entitled to tiered rebates applied to every dollar invested. More so, investors can extend the benefits of their plans to family members and corporate accounts.
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The enhancements to the firm's IA Clarington Elite Pricing include the auto-switching into the discounted elite series for qualified members and householding for managed portfolios of at least $100,000.
Additionally, the group introduced two new rebate thresholds. First, investors may now receive a 12.5 basis point rebate on every dollar invested at $2.5 million in a single account. Once the account reaches $5 million, the rebate will increase to 15 basis points.
"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," iA Clarington senior vice president for product & investments Eric Frape said.
The pricing allows eligible investors to lower their fees in three ways: fund-level discounts, account-level rebates, and householding. For investors with at least $100,000 in a single fund in a single account, the Elite Series offers lower management expense ratio compared to group's standard retail series.
Meanwhile, those who have $250,000 in a single account are entitled to tiered rebates applied to every dollar invested. More so, investors can extend the benefits of their plans to family members and corporate accounts.
For more of Wealth Professional's latest industry news, click here.
Related stories:
iA Financial announces board change, social responsibility achievements
Here’s the best strategy for the current markets
