Your investments through insurance companies, such as segregated funds (seg funds), will remain under the purview of Carte Risk Management, as these investments are classified as insurance products rather than dealer-managed investments.
What are segregated funds?
Segregated funds are investment products offered by insurance companies. They function similarly to mutual funds but come with additional features, such as maturity and death benefit guarantees, creditor protection, and estate planning benefits. These features are unique to seg funds and make them distinct from traditional investment accounts.
While these assets will not transition immediately, I want to reassure you of two things:
Consolidated Reporting:
At our next review meeting, I will provide you with a comprehensive report summarizing all your assets, including insurance-based investments and dealer-managed accounts. This ensures you have a clear understanding of your financial landscape.Future Consolidation Plan:
As part of our ongoing service enhancements, we aim to consolidate your insurance and investment assets under iA Private Wealth (PPI Insurance) in the future. This will simplify your portfolio management and reporting while maintaining the specialized benefits of your insurance-based products.
If you have additional questions or would like further clarification about segregated funds or the transition process, feel free to reach out at any time. I’m here to support you through this process.