United Financial Corp, today launched its Corporate Class share versions of the United Pools, giving advisors and their clients enhanced tax efficiency for investment portfolios.
Corporate Class is being added to United Financial’s Optima Strategy and Private Client Managed Portfolios programs, which offer customized investment management solutions to affluent clients.
“This new option empowers our advisors to bring more sophisticated solutions to clients, to reduce taxes and costs and ultimately benefit from the power of enhanced compounding afforded by this structure for many years into the future,” says Joe Canavan, chairman and CEO of United Financial.
Corporate Class shares are structured as part of a corporation, unlike a traditional mutual fund trust. This structure provides investors with a number of tax advantages, including the ability to rebalance their non-registered portfolios without triggering taxable capital gains, allowing for additional compounded growth by deferring tax.
United Financial is a Canadian investment management and wealth planning firm with approximately $10 billion in assets under management. It is controlled by CI Financial Income Fund.