Quebec City-based Industrial Alliance Insurance and Financial Services Inc. (IA Financial) is expanding its Prestige preferential pricing, which offers reduce management fees for segregated funds, the company announced on Monday.
IA Financial developed its Prestige preferential pricing program in 2015 to help clients save more money. The program lowers management fees for clients who have achieved the minimum asset threshold of $300,000.
Effective immediately, clients who have assets with IA Financial will be able to create family groupings in order to combine their assets with any family members residing at the same address. Once eligible, the group members will automatically benefit from reduced fees up to 0.61%.
Additionally, if requested, grouping members can share this benefit with members of their extended family, regardless of their level of assets or home address.
“Once again, IA Financial Group stands out by introducing not only a program designed specifically for our clients, but also a unique online management tool for our advisors,” says Manon Gauthier, senior vice president of individual savings and retirement, in a statement.
“This new tool will help advisors efficiently manage groupings and sharing of the Prestige preferential pricing among extended family members. Using this intuitive tool, advisors will be able to easily create family groupings online in less than three minutes.”
Prestige preferential pricing applies to all funds available in the Classic and 75/100 series of the IAG Savings and Retirement Plan as well as My Education+ (RESP).