The management fees on 26 mutual funds were reduced by up to 25 basis points while the administrative fees on two mutual funds have also been lowered
Fees on Fiera Capital U.S. Equity Fund, Fiera Capital Defensive Global Equity Fund and Fiera Capital Global Equity Fund have been cut by 0.25%, 0.3% and 0.35%, respectively
Investors who have consolidated assets of $100,000 in particular series of Quadrus Group of Funds will be eligible for a management fee rebate applied to the purchase of additional units
The move to will include management fee reductions and would protect investors against an increase in future management expense ratios, the firm states in its announcement
A new simplified pricing model will see a reduction in fees for 51 mutual funds as well as Scotia Selected Portfolios, Scotia Partners Portfolios and Scotia Aria Portfolios
AlphaDelta Canadian Focused Equity Class, previously AlphaDelta Canadian Prosperity Class, has a new investment objective and risk rating in addition to its new name
The firm has named a new subadvisor for NEI Northwest Canadian Dividend Fund and reduced fees for its Canadian equity funds
The firm is also lowering the management fees of Franklin Quotential Balanced Growth Portfolio and Franklin Quotential Balanced Growth Corporate Class Portfolio
Three Symmetry Portfolio products will see a decrease to their fees and compensation while 20 funds will have no changes to their fees and an increase to their compensation
The firm is also consolidating various series available to high net-worth clients due to duplication resulting from the fee changes