AGF Funds Inc. has expanded Harmony, its tailored investment program, to offer more purchase options for investors and their advisors.
Investors can now choose from two series, wrap and embedded, as well as two purchase options, front-end and low-load.
The wrap series breaks out the advisor’s service fees, which may allow clients to deduct those fees for tax purposes. In the embedded series, the management fee is included in the management expense ratio, much like in a mutual fund.
The design of AGF Harmony is based on a pension-style management process focusing on three simple principles: strategic asset allocation, diversification (by management style and geography) and preservation of capital.
“AGF Harmony is the most flexible tailored investment program available today,” said Larry Herscu, vice president of AGF Harmony, in a news release. “Now, with even more choices, we can better accommodate the growing number of advisors who want a fee-based business model.”