Toronto-based IA Clarington Investments Inc. is making changes to the pricing program for high net-worth investors.
Specifically, IA Clarington Elite Pricing now includes: auto-switching into the discounted Elite series for eligible investors; “householding,” or extending the benefits of the program to family members living at the same address and to corporate accounts, for IA Clarington managed portfolios starting at $100,000; and two new rebate thresholds.
For the rebate thresholds, investors will now receive a 12.5 basis point (bps) rebate on every dollar invested once they reach $2.5 million in a single account; the rebate increases to 15 bps if an account has $5 million.
“These enhancements to Elite Pricing demonstrate our continued commitment to meeting the pricing expectations of high net-worth investors,” says Eric Frape, senior vice president, product and investments, with IA Clarington, in a statement.
To learn more about IA Clarington Elite Pricing, visit iaclarington.com/elitepricing
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