Mackenzie Investments has got your back?

Mackenzie Investments has got your back?

Mackenzie Investments has got your back?

Mackenzie Investments isn’t ousting you, the advisor, with the ‘advice free’ option on its new do-it-yourself (DIY) funds, announced this week.

In a release Wednesday, the firm assured advisors that the new Series D offering – available through RBC Direct Investing, alongside Invesco Funds and BlackRock – will not affect the relationship or support offered to advisors.

“We remain committed to the advice channel and being your investment partner of choice: that has been, is, and always will be our core business focus,” says the release.

The Series D funds - available exclusively through a discounted brokerage channel with a minimum investment as low as $500 - has the self-directed investor in mind, removing the advice portion from trailer fees and bringing dealer remittance to 25 basis points for Mackenzie and Invesco funds (BlackRock details to be released). (continued on Page 2.)


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