Investors Group eases into fee-based investing

New programs for affluent clients exclude its proprietary funds.

Rudy Luukko 22 November, 2016 | 10:00PM

Investors Group, one of Canada's largest fund-management and financial-planning providers, has made a limited move into fee-based investing with the launch of two new types of accounts. For most clients who qualify, these will be complementary to their holdings in the company's commission-based proprietary mutual funds.

One of the new programs is a separately managed account under the brand name of Azure Managed Investments. It's a discretionary wrap-style account that will enable affluent investors to invest in one or more equity strategies through direct holdings in stocks.

John Guttormson, senior vice-president of product at Investors Group, noted that all seven of the Azure strategies are equity mandates. The stocks held in the Azure accounts, he added, will be selected and weighted according to these strategies. As a discretionary account, Azure enables clients to delegate responsibility for day-to-day investment decisions to their advisors.

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Rudy Luukko

Rudy Luukko  Rudy Luukko is a freelance writer who contributes to on topics involving fund industry trends and regulatory issues. He retired in May 2018 from his position as editor, investment and personal finance, at Morningstar Canada, where he had worked since 2004. He has also worked as an editor and writer for various general, specialty and institutional media, and he has co-authored courses for the Canadian Securities Institute. Follow Rudy on Twitter: @RudyLuukko.