IA Clarington Investments is launching the Elite Program, offering flexible options and fee discounts to high net worth investors, and is also making changes to some of its series.
The IA Clarington Elite Program and preferred pricing will launch on 3 November and applies to a full range of the company's funds. It is intended for investors who have USD100,000 or more invested.
"Today's increasingly transparent environment demands flexible and competitive options for investors and the advisors that work with them. Our announcement today reinforces our commitment to delivering pricing options that acknowledge investors when we are trusted to manage a large portion of their investments," says David Scandiffio, executive vice president, Industrial Alliance, and president of IA Clarington Investments.
Investors become eligible for preferred pricing once they hold USD100,000 in Series E or P in a single IA Clarington fund in a single account. They receive additional discounts at USD250,000 in a single account, and again at USD500,000 and USD1 million.
At the USD250,000 level, investors can also participate in Family Pricing by linking eligible accounts to combine assets and take advantage of discounts.