BMO Insurance | BMO GIF MER Reductions plus Addendum Requirement
BMO Insurance reduces Management & Insurance Fees for BMO Canadian and U.S. Balanced Growth Funds effective May 1, 2015
IMPORTANT – MER Reductions Require Insertion of Addendum in GIF Information Folders
Dear Valued Partner,
Thank you for continuing to support BMO Insurance’s entry into the segregated fund business – BMO Guaranteed Investment Funds (GIF).
We have received great feedback from many advisors on our new BMO GIFs. As a result of this feedback, we recently increased the deposit commissions on our Deferred Sales Charge option.
After further experience and review, we are now also able to lower the management and insurance fees on our Canadian and U.S. Balanced Growth Funds effective May 1, 2015 for all new and existing BMO GIF policyholders.
This change requires the insertion of a one page Addendum (attached to this e-mail) to BMO GIF Information Folders (602E) dated October 2014. The Information Folders are part of the client Investor Kits (601E). It is important that you please ensure that the Addendums are included in each Information Folder of each Investor Kit in your inventory or in the inventory of your advisors.
Any new Investor Kits or Information Folders ordered through BMO Insurance’s Dataonline ordering website will already contain the Addendum. All updated forms, regulatory and marketing material will also be available by May 1, 2015 on our website www.bmoinsurance/advisors/GIF.