Solutions to help
Becoming a regular investor doesn’t need to be complicated or time-consuming. Mackenzie Investments offers services that can make the administration of your account simpler and more efficient including:
Investment Programs – ETFs
Dividend Reinvestment Program (DRIP)
A Dividend Reinvestment Program (DRIP) is a convenient way to help your investments grow through systematic purchases. A DRIP lets you take the money you receive when a company pays a dividend and immediately purchase additional shares of that company's stock without incurring commissions. Mackenzie’s DRIP program allows investors to easily benefit from compounding their dividends. All cash dividends paid on Mackenzie’s ETFs will be eligible for reinvestment into additional units of the same fund as set out in Mackenzie’s Dividend Reinvestment Plan. Investors may opt into the DRIP by contacting their brokerage firm.
Investment Programs – Mutual Funds
Pre-Authorized Chequing plan (PAC)
Set up a Pre-Authorized Chequing plan (PAC) and Mackenzie Investments will automatically transfer a set amount in regular intervals from your bank account and invest it in the Mackenzie Investments fund of your choice. A PAC plan will encourage you to "pay yourself first" and maintain a disciplined investment approach.
Systematic Withdrawal Plan (SWP)
A Systematic Withdrawal Plan allows you to receive regular withdrawals from your Mackenzie Investments account without the inconvenience of submitting individual redemption requests. We will either send you the redeemed amount by cheque or deposit it electronically in your bank account. Although they are not available for Registered Retirement Savings Plans (RRSPs) or Locked-In Retirement Accounts, SWPs are an easy way to withdraw money from a Registered Retirement Income Fund.
Mackenzie One-Step Dollar Cost Averaging (DCA)
Mackenzie Dollar Cost Averaging is disciplined investing on a consistent and regular basis. This approach gives investors a way to systematically get back into – or stay in – the markets, using Mackenzie Investments mutual funds. With Mackenzie One-Step DCA, investors are assured of being in the market in a systematic way that reduces exposure to severe market fluctuations.
Call your advisor to discuss a solution that’s right for you.