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We hope you’re doing well and having a great start to 2024.

Good news! The Dollar Cost Averaging (DCA) from the High Interest Savings Account (HISA) is now available!

The (DCA) allows your clients to regularly invest a predetermined amount over a given period of time to purchase segregated fund units. The investment period can vary from 2 to 12 months.

It is now possible to set up a DCA directly from the:

·         High Interest Savings account (HISA) – New

·         DCA Money Market Fund – Already available

New fund transfer frequencies are currently available for both types of DCA:

·         Weekly – New

·         Bi-weekly – New

·         Monthly (1 to 28 of each month) – Already available

·         Monthly (last day of each month) – Already available

The F51-165A form has been updated to allow you to: 

·         Set up a DCA from the HISA

·         Select any frequency

·         Modify the investment instructions of an existing DCA

For all the details on this new feature including compensation, please access the iA Connected bulletin.