Manulife Mutual Funds has launched an Elite Pricing Series available to clients with more than $100,000 to invest in a single fund, in a single account.

“With this new pricing structure advisors can reduce management expense ratios for their mutual fund clients and gain more control over their fee revenue,” says Doug Conick, vp, investment funds for Manulife Investments.

The Elite Pricing Series will provide a fixed management fee, reduced fund expenses and a customizable advisor fee.

The minimum initial purchase is $100,000 per fund, per client account, on a selected group of funds. The minimum subsequent purchase is $10,000 per fund per client account. Manulife Mutual Funds will redeem the management fee and customized advisor fee in quarterly increments from the client’s account, and will remit the advisor fee to the advisor’s dealership. Fund expenses will remain embedded in the daily unit price.

This new series will be effective July 16.