iA Financial Group Launches Segregated Funds


    iA Financial Group (Industrial Alliance Insurance and Financial Services Inc.) has launched its Prestige Series for clients whose consolidated assets with the company have a market value of $300,000 or higher. These segregated funds offer a management expense ratio reduction varying between 0.10 per cent and 0.55 per cent, depending on the fund. The two funds series offer investors a range of segregated funds. The new series are Classic Series 75/75 Prestige (75 funds) and Series 75/100 Prestige (70 funds). Qualification for the expense ratio reduction is determined on a weekly basis and is applied automatically without any action required by the advisor or the client. When a client qualifies, the reduction is applied to assets held in these series. The company automatically transfers the fund units to the equivalent Prestige Series funds. These series also offer all the benefits of segregated funds, including creditor protection and rapid estate settlement in the event of death.