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London, Ont.-based London Life and Toronto-based Mackenzie Investments are launching a goals-based asset management program and a new mutual fund family, the firms said Thursday.

London Life Constellation Managed Portfolios is a program to help Freedom 55 Financial advisors align their clients’ investments with their financial priorities, the firms say in a news release. It features a digital tool for risk assessment and automated rebalancing for each financial goal.

The program personalizes investing, says Sam Sivarajan, senior vice president, wealth solutions, at Great-West Life, London Life and Canada Life, in a statement.

“Through Constellation, we are helping advisors redefine the way that they work with their clients to help them achieve their financial goals.”

The program launched Thursday in select markets with a staggered national launch next year.

New mutual fund family

The new mutual fund family — London Life Pathways Funds — is managed by Mackenzie Investments and offered exclusively through Quadrus Investment Services Ltd. The funds focus on “pure asset class mandates,” the release says.

See the list of 14 funds and corresponding portfolios advisors in the firms’ news release.