IA Clarington Tweaks Elite Programpar Andrew Rickard | July 02 2015 12:59PM
IA Clarington Investments is making changes to its Elite Program for high net worth investors, allowing for greater flexibility and additional fee discounts.
Earlier this week, IA Clarington launched its new Series FE, which offers discounts to investors who are in fee-for-service accounts provided they have a minimum investment of $100,000 in a single IA Clarington fund in a single account. The company says the new series will provide all of the benefits of the Elite Program, including tiered rebates as assets grow as well as lower initial management fees.
"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," says 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."