AIC Ltd. increased dealer compensation for purchases made by low-load and deferred-sales charge as well as changing the low-load redemption schedule for purchases of all AIC mutual funds made on or after April 17.

“AIC is pleased to announce this new compensation structure — which features doubling the upfront commission on low load and enhancements to trailing commissions — as another of our initiatives designed to anchor our business with those advisors committed to long-term wealth creation on behalf of their clients,” said Jonathan Wellum, AIC’s chief investment officer.

“Over the past several years, AIC has looked for ways to respond to the changing needs of advisors who support AIC Funds while also ensuring alignment to AIC’s investment philosophy and principles. We introduced a number of new products such as AIC Dividend Income Fund, AIC Global Focused Fund and AIC PPC Portfolio Pools, which have been well received in the market,” he added. “We have also entered into sub-advisory partnerships with three well-respected U.S. based value investment managers — the firms of Ariel, Loomis Sayles and Third Avenue.”

In terms of changes to low-load dealer compensation, upfront advisor commission has increased to 3% from 1.50% on all AIC mutual funds purchased by low load sales charge on or after April 17. In addition, upon maturity of those units, the low-load trailing commission (for all funds except money market funds) will automatically increase to match the existing front-end trailing commission.