CI Investments Inc. Tuesday announced the launch of CI Private Investment Management, a new program offering a unique combination of benefits to meet the distinct needs of high net worth investors.
“In managing their investments, affluent Canadians are acutely concerned about mitigating risks, the impact of taxes, and achieving a sustainable and tax-efficient income in retirement,” says Derek Green, CI President.
“CI Private Investment Management is designed to meet the particular needs of these investors through a comprehensive approach that provides strong portfolio management, combined with a broad range of risk management tools such as currency hedging, asset allocation and manager due diligence. It also provides robust options to achieve tax efficiency in both investment growth and retirement income,” Green explains.
Among its features, the new program provides for the linking of multiple accounts held by investors and their family members for enhanced efficiency. “This allows families to consolidate and simplify their investments, gaining a clearer picture of their financial situation today and for planning for the future,” says Green.
CI Private Investment Management is available exclusively through financial advisors.
Its features and benefits include:
CI portfolio management
The program provides access to CI’s lineup of leading portfolio management teams, including Signature Global Advisors, Harbour Advisors and Cambridge Advisors, among others. This portfolio management expertise is available in a diverse range of income, balanced and equity mandates, as well as sophisticated investment approaches such as specialized credit, emerging market and hedge fund investing.
Tax efficiency
The program enhances investors’ after-tax returns through the CI Corporate Class structure, which allows for tax-deferred compound growth and switching between mandates without tax consequences in non-registered accounts. CI’s T-Class, which can be used to create a customized tax-efficient monthly cash flow stream, is also available.
Preferred pricing
CI notes that the program is offered at pricing levels traditionally available only to larger accounts and institutional investors. The program is available for a minimum investment of $100,000 with progressive management fee reductions at balances of $250,000 and above.
Account consolidation
The program allows for client and family accounts to be linked to create a clear picture of a household’s investments, reduce costs and maximize tax efficiency across multiple account types.
Flexible, customizable portfolios
The program’s flexible structure gives investors and their advisors the choice of creating a diversified portfolio from individual mandates, following model portfolios, or investing in fully managed portfolio solutions. Managed portfolios are overseen by the asset allocation experts at CI Investment Consulting.
Principal, income and estate protection
Effective early 2012, CI Private Investment Management will provide access to the SunWise Essential Series program, which provides principal and income guarantees, including a guaranteed income for life, and can help to protect an estate and provide for an orderly transfer of assets to heirs.
CI Investments Inc. is a subsidiary of CI Financial Corp. (TSX: CIX).