THE 360 NEWSLETTER

Risk Rating Change – NEI Investments

Compliance July 6, 2023
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Please be advised that effective June 29, 2023, the risk rating of the following fund was increased by NEI Investments (“NWT”):

  • NEI Select Income & Growth RS Portfolio: changing from “Low” to “Low to Medium.”

This change has been reflected on the Fund Fact document available on Univeris. The risk rating change at the product level will be updated in Univeris as of Friday, July 7, 2023.

For more detailed information, please click here to read NEI’s fund notice, which is also available on the Investia Advisor Centre under Product Information / Fund Notices.

As a reminder, Representatives are expected to review impacted products in their clients’ portfolios upon a risk rating change and re-complete their KYP due diligence process as a risk rating change constitutes a material change to the product. Representatives are also expected to work to resolve suitability concerns within a 3-month period. For a list of your impacted clients, please reach out to your Compliance Officer once the changes have been made in Univeris.

Should you have any questions, please contact our Client Services Department, by email at investia@investia.ca, by phone at 1-888-684-5548 or use the chatbot feature available on the Advisor Centre.

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