New program offers more flexibility for advisors

New program offers more flexibility for advisors

New program offers more flexibility for advisors Advisors will have more room to manoeuvre after IA Clarington announced enhancements to its Elite Program providing flexibility and fee discounts for investors.

"We recognize advisors are increasingly adopting fee-for-service models and in response are enhancing our Elite Program to provide qualifying investors with premium pricing. We continue to offer fee discounts back to dollar one," said Eric Frape, Senior Vice President, Products and Investments.

"Our Elite Program allows advisors to do business the way they want with competitive pricing benefits for their clients."

Investors who are in fee-for-service accounts are eligible for significant fee discounts with a minimum investment of $100,000 in a single IA Clarington fund in a single account.

The new series provides all of the benefits of the Elite Program including tiered rebates as assets grow as well as lower initial management fees.

The company also announced last week that its IA Clarington Target Click 2015 Fund (Series A and Series F) has successfully reached its scheduled maturity on June 30, 2015 and paid out the highest month-end net asset value (NAV) to unitholders as guaranteed.

The fund is Canada's first guaranteed mutual funds and have been specifically designed to take the worry out of investing by automatically locking in month-end highs and lowering risk as they approach their maturity date.

The family of IA Clarington Target Click Funds continue to their maturity dates with the Target Click 2020, 2025, and 2030 Funds respectively.

These funds provide investors with the security of knowing their investments are protected, provided they hold the funds to maturity, while at the same time offering exposure to leading international equity markets.