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.
| Attachment | Size | Type |
|---|---|---|
| January 2024 Investment Newsletter.pdf | 4.16 MB | application/pdf |