Mackenzie Financial Corp. today announced the availability of Series W units of Symmetry, its customizable pooled wrap program. Investors can negotiate annual fees directly with their advisor.

Series W separates the management fee portion of the management expense ratio, which in part compensates advisors for their ongoing advice and service. The new series helps meet the needs of fee-based advisors.

“Symmetry Series W meets the needs of a growing number of fee-based advisors and their clients,” said David Feather, president, Mackenzie Financial Services Inc. “It offers further flexibility to help tailor the investment to the client’s needs.”

Symmetry is a strategic asset allocation program that aims to create the most favourable asset mix to meet an investor’s long-term financial objectives. The program enables advisors and their clients to customize their asset mix by incorporating specific themes, style biases, or concentrations in particular geographic regions.

All pools and funds within Symmetry, including international funds, are 100% RRSP eligible as Canadian content, eliminating 30% foreign content constraints in registered accounts.

Non-registered accounts can be rebalanced on a tax-deferred basis and distributions on both equity and fixed income type pools are primarily treated as capital gains.

Symmetry is available through independent financial advisors across Canada at a minimum investment of $25,000.