London Life, in partnership with Mackenzie Investments, has announced the launch of the London Life Constellation Managed Portfolios, a goals-based managed asset program. The companies also announced the launch of a new mutual fund family.

The London Life Constellation Managed Portfolios program was launched Dec. 13 in select markets. A staggered national launch is planned for 2019. The program aims to align clients' investments with their financial priorities.

Through a customer-focused digital tool, advisors will be able to help guide clients through the risk-assessment process and setup goal portfolios with an appropriate asset mix and funds and offer automated rebalancing for each goal.

London Life says the program will enable advisors to “spend more time with customers and less time on the administration of their accounts”.

"We are excited to launch this unique and innovative program that will provide a personalized approach to investing," said Sam Sivarajan, Senior Vice-President, Wealth Solutions, Great-West Life, London Life and Canada Life. "Through Constellation, we are helping advisors redefine the way that they work with their clients to help them achieve their financial goals."

New mutual fund family

London Life and Mackenzie Investments have also introduced a new mutual fund family – the London Life Pathways Funds. These funds, offered exclusively through Quadrus Investment Services, will focus on pure asset class mandates.

"Mackenzie Investments has enjoyed a strong and multi-faceted partnership with London Life for over 25 years," said Barry McInerney, President and CEO, Mackenzie Investments. "We are eager to once again work together to bring original offerings to market, helping Canadians realize their financial goals."

The funds, three of which are exclusive to the London Life Pathways Funds, will also form the building blocks for all of the London Life Constellation Managed Portfolios.

The following London Life Pathways Funds will be available through Quadrus Investment Services Limited: