CIBC Asset Management introduced, on Jan. 21, CIBC Smart Investment Solutions. These five portfolios take into account client goals, life stage and risk profile.
"CIBC Smart Investment Solutions provide our clients with modern, professionally-managed portfolios designed to navigate changing markets while aligning with their investment goals," said David Scandiffio, President and CEO, CIBC Asset Management.
Traditional and non-traditional investments
Each CIBC Smart Investment Solutions portfolio is comprised of traditional and non-traditional investments, “blending both active and passive investment strategies to ensure clients benefit from the perspective of professional management and lower cost options like ETFs,” says the company.
CIBC Smart Investment Solutions are available to clients starting with a $500 investment, or through a regular investment plan with contributions as low as $25 per month. Maximum annual management fees range from 1.50 per cent to 1.80 per cent (Series A) depending on the portfolio, in addition to a fixed administration fee of 0.10 per cent across all portfolios.