Dear <client name>,
Soon, it’s going to be easier to see and understand what it costs to invest in mutual funds, and the services I provide in support of your investment goals. Starting with your 2016 annual mutual fund statement, you’ll see additional details about cost, compensation and investment performance. The Canadian Securities Administrators (CSA) is driving the changes, which will appear on annual account statements for all mutual fund investors in Canada.
The new statements will help you understand what you’re buying, how much you pay for products and services, and how your investments are performing. My goal is to ensure you’re comfortable with the new information and address any questions you have.
The costs and compensation to purchase/own a mutual fund aren’t changing, but your annual mutual fund account statements will now include:
· The charges and compensation paid to Sun Life Financial’s mutual fund dealer in the last year to service your account.
· The returns on your investments, in both dollars and percentages, over a 12-month period.
I’ll set up a meeting to discuss this in more detail. At the same time, let’s review your overall investment portfolio. Needs can change over time, and there may be opportunities to fine tune our approach. [ALTERNATE: I’m happy to discuss these changes in more detail. We could also review your overall investments and ensure they align with your goals.]
It’s important that you’re satisfied with your portfolio’s performance and that you feel you get value for the fees you pay. I look forward to meeting with you, and to explore opportunities to further strengthen your plan. [ALTERNATE: If you feel that now is the right time to review your investment strategy, or to discuss any other financial topics, please call me at xxx-xxx-xxxx. We can set up a meeting at a time that’s convenient for you.]
Sincerely,
<Advisor name>