Segregated Funds vs. Mutual Funds and Index Portfolios from IA

We are all faced with explaining the differences between segregated funds and mutual funds. With that in mind, I’ve put together this simple document for your use. I’ve left it in Word format in case you want to customize it with your logo etc. You could also ask a client to acknowledge these differences and keep an initialed copy in your files. Next, last week Industrial Alliance announced the addition of several new funds to their line-up. What caught my eye were the index based portfolios. These funds range from conservative to aggressive risk profiles with a passive investment style. It appears to me, IA has done this to provide a segregated fund alternative to ETFs. The MERs are also very competitive, 1.95% for the 75/75 version and preferred pricing of 1.90% for 75/75 accounts over $300,000. Here is the information folder addendum for your reference. And one more thing, for your clients with contracts that have manual resets, the markets have been very strong this year and I suspect many contracts could be reset. Why not check and then give your clients the good news! If you need help with this, let me know. Take care, Scott Edgington Director of Wealth Qualified Financial Services