THE 360 NEWSLETTER

Due to the feedback received following the KYP Tool launch, we would like to announce the following enhancement to the KYP tool effective Friday, February 18, 2022.

The peer group criteria for the KYP Tool will be updated to include high net worth (HNW) as a new factor, in addition to the existing criteria (i.e., product type, CIFSC classification and load type). HNW funds usually have lower MERs and segmenting them into their own peer group will allow for a more reflective median MER for the funds in the existing peer groups.

Due Diligence Resets

Within the next couple of weeks, the due diligence reset process will be enhanced to reset only following a material change of the fund or if the fund colour changes to a lower ranking since the last due diligence note submission. Alerts will be generated and sent to Representatives, notifying them of any changes to the funds in their book and whether or not the due diligence needs to be revisited. Further information on this enhancement will follow in the coming weeks.

We thank you for your continued feedback and cooperation with the KYP Tool during its initial phases.

Should you require any information, please do not hesitate to contact our Client Service Department, by email at investia@investia.ca or by phone at 1-888-684-5548.