Education Centre

Investment Program

NEW! Investment Program for Lawyers

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The enhanced Lawyers Financial Investment Program (LFIP) launched November 1st is designed to help lawyers, their families and staff accumulate wealth pre-retirement and create an income once in retirement.  This relaunch comes less than a year after the amalgamation of CBIA and CBA Financial (CBAF) and the introduction of the Lawyers Financial brand.

 

There is a 200 per cent increase in number of investment funds available from top portfolio managers including Vanguard, Trimark, Fidelity, TD and more.  Clients have been asking for socially responsible and low-volatility funds, as well as real estate funds — and we listened.  These, and additional new fund categories are now available.

 

For the first time, RRIFs, LIFs and non-registered cash account are available. While the number of funds is increasing, the already low investment management fees (IMFs) are decreasing for many funds.

 

In addition to low IMFs, Lawyers Financial has a loyalty program. For accounts between $50,000 and $500,000, fees will be reduced by 0.10%. Accounts of $500,000 or more, will see a discount of 0.20%. And, CBA members save an additional 0.40% on top of these discounts. The savings can add up quickly and lower fees can be a key contributor to the overall wealth of your portfolio.

 

The new LFIP is also leading the way in fee transparency. All costs will be fully itemized and, for non-registered accounts, many of those fees may be tax deductible.

 

The relaunch also provides clients with access to the latest technology when it comes to managing their investment portfolio. The advanced technology includes a powerful retirement income calculator and the ability to rebalance your portfolio with the click of a mouse.

 

LFIP launches with a new fund provider, Great-West Life, and Morneau Shepell is the program administrator.

 

Lawyers Financial is solely committed to helping lawyers, their families and their employees grow and maintain financial security. That’s all we do.

 

Learn more about the new LFIP by visiting www.lawyersfinancial.ca/investments.