AIM Trimark Investments today announced the launch of an industry-first purchase option, Lower Load 4 (LL4). This new sales option provides investors with greater flexibility in their portfolios by offering a unique alternative to the conventional deferred sales charge (DSC).

Unlike the traditional DSC, which typically runs on a six- or seven-year redemption schedule, LL4 is based on a four-year schedule with reduced redemption fees to investors. This option supports the changing needs of investor/advisor relationships, which are moving from transaction-based business models to recurring revenue-based models. Not only does LL4 stabilize advisor revenues, it also enables the advisor and investor, where appropriate, to gradually shift their relationship model away from transaction-driven commissions without going directly to front-end funds.

“LL4 represents a much-needed transition solution in the mutual fund industry, as there is no comparable purchase option in Canada that clearly benefits both investors and advisors,” said Drew Wallace, Executive Vice President, Sales. “AIM Trimark has identified that the way advisors conduct business with their clients is shifting towards a more transparent, recurring revenue stream model, and we’re excited to offer our business partners a new solution just when they need it.”

The LL4 purchase option will be available for purchases starting July 4, for all AIM and Trimark mutual funds (excluding AIM Trimark Core Bundles).