Preferred pricing fee reductions are automatically applied to Class A (ISC), Class F and Class P assets and begin at the $150,000 per account level or $250,000 per Family Group level. Additional fee discounts are available at subsequent asset tiers of $500,000, $1 million, $2.5 million and $5 million.
CI’s automatic reclassification switches of Class A (ISC) and Class F securities ensure you receive preferred pricing, going back to dollar one.
CI performs asset assessments every Friday, so your investments are well positioned to receive preferred pricing as soon as you reach the qualifying asset levels.
CI Private Wealth uses high watermark protection. The high watermark is the highest peak in value of an individual account or aggregated assets of a Family Group achieved since the launch of preferred pricing.
This means that you have the benefit of reduced fees when market performance places you into a higher asset level, but you are not penalized for negative performance.
Receive fee reductions sooner. Multiple accounts for an individual investor or extended family members can be linked as a Family Group for pricing purposes once a family threshold of $250,000 is reached.
A Family Group can be comprised of parents, children and/or siblings, grandparents, grandchildren, great-grandchildren, the spouses of each of these persons, and a corporation of which any family member owns more than 50% of the voting equity.