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As part of our commitment to automatically switch investors into the lowest fee series for which they qualify, we are extending our Preferred Pricing Service to Registered Disability Savings Plans (RDSPs). Beginning April 11, 2019, Series AR assets will be automatically switched into the newly launched Series PWR, which offers lower fees, for households with a minimum of $100,000 of Mackenzie eligible assets.
Automated switches will take place:
- On a daily basis for investors who become eligible through a financial transaction
- On the second Friday of every month for investors who become eligible through positive market activity, newly matured back-end/low load units or newly linked accounts
The high-water mark is how Mackenzie determines eligibility for preferred pricing. It is the highest peak in value that a fund or account has reached, net of redemptions, since the preferred pricing implementation date (April 2017). Please note that redemptions do not affect the high-water mark for RDSPs and income plans at Mackenzie.
Earlier this month, advisors received a list of their clients whose RDSP assets are expected to move from Series AR to Series PWR in April.
Details to assist in the Series PWR set-up can be found here.
Additional information can be obtained from the FD file, available through Fundserv on March 25 with an effective date of April 1.
For further information, please contact your Dealer Relations Account Manager directly. You can also call us at 1-800-268-7119 or send an email to drelations@mackenzieinvestments.com.
Thank you for your continued support of Mackenzie Investments.
The Dealer Relations Team
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