The Mackenzie Open Architecture Service (OAS) is one
of the dedicated money management programs available in the Mackenzie
Private Client Program. The Mackenzie OAS requires a minimum of $500,000
of investable assets across qualified family accounts. A complete wealth
management solution, the service combines the best of both worlds –
your advisor’s investment expertise with Mackenzie’s state
of the art account management capabilities.Once you and your advisor have
designed the optimal portfolio for your financial goals, we implement
your portfolio decisions and provide administrative services, including:
- Monitoring and automatic rebalancing (according to parameters decided
by you and your advisor)
- Quarterly consolidated reporting and performance measurement
- A complimentary Tax and Estate Summary Report, if requested
Key Benefits
Institutional Series Shares
- access to Mackenzie Institutional Series Shares
- available at significantly lower cost than Mackenzie retail counterparts
Monitoring and Rebalancing
- disciplined process assures each portfolio is automatically rebalanced
based on the monitoring and rebalancing parameters you and your advisor
establish
Enhanced Reporting and Communication
- you'll receive a state-of-the-art quarterly report that includes market
commentaries, transactions, portfolio holdings and performance with
comparison to industry benchmarks
- option of consolidated statement for constituent family accounts or
multiple statements for each account
- comprehensive tax information issued at year end
*Tax Status of Capital Class
Each Capital Class fund is a class of shares of Mackenzie Financial Capital
Corporation (“Capitalcorp”), which is a mutual fund corporation.
Unlike mutual fund trusts that calculate their income tax as individual
entities, a mutual fund corporation must compute its income for tax
purposes as a single entity rather than on a fund specific basis. Therefore,
all income, including capital gains, generated by the Capital Class funds
is aggregated for tax purposes. The aggregate capital losses are used
to offset the aggregate capital gains and, to the extent that results
in net capital gains for Capitalcorp, capital gains dividends are paid
to investors as described in the simplified prospectuses and annual information
forms of the Capital Class funds. Increased capital gains increase the
likelihood that capital gains dividends will have to be paid. While switching
among Capital Class funds results in no immediate tax consequences to
an investor, switching activity may trigger capital gains within Capitalcorp,
thus increasing the possibility of a capital gains dividend being declared.
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