Winnipeg-based Investors Group has added more products for its Registered Disability Saving Plan (RDSP) investments, the firm announced on Tuesday.
RDSPs can help people living with a disability — the beneficiary must quality for the federal Disability Tax Credit — reach financial security as they save for the long-term. These plans may be eligible for matching grants and bonds from the federal government, the firm says in a news release.
“We’ve expanded our investment options for RDSPs to give investors seeking additional portfolio solutions, and those with higher asset levels, greater flexibility in how they manage their plans,” says John Kilfoyle, senior vice-president of IG Investments at Investors Group, in a statement.
The new investment options will allow clients with an RDSP to access Alto Monthly Income Portfolio, Alto Monthly Income and Growth Portfolio, Alto Monthly Income and Enhanced Growth Portfolio, and Investors Cornerstone Portfolio.
The firm will also expand its lower fee series for certain mutual funds to include the new J Series RDSP, which provides clients whose household investments with Investors Group are $500,000 and above with access to lower fee options. The $500,000 minimum includes investments in RDSP Series.
The new products are available July 16, subject to regulatory approval.