Credential Financial introduces MFDA fee-based account for credit union members
VANCOUVER--Credential Financial today announced plans to enhance its MFDA offering by introducing a fee-based solution to its MFDA-licensed credit union advisors and their clients.
Through the OnPoint Fee-Based Account solution, Credential Asset Management investors benefit from expert advice and gain access to a select group of premier mutual funds to help them meet their long-term financial goals - all delivered with one predictable, transparent fee for advice.
"As one of only a handful of Canadian dealers to offer a fee-based solution on the MFDA platform, we're deeply committed to providing advisors with the tools and resources they need to best serve their clients and succeed in today's marketplace," said Doce Tomic, President and CEO, Credential Financial.
By definition, the fee-based model aligns client and advisor interests. An advisor will price fairly based on the value of the advice they provide, and the advisor's fee only increases as the client's portfolio grows. As a result, investors build relationships with advisors who are motivated by their success.
"We're pleased at how responsive Credential has been to ensure our advisors are equipped with the right solutions to best meet the needs of our members in this rapidly changing market and regulatory environment," said Randy Janzen, Meridian's Senior Manager of Wealth Solutions. "Our members gain peace of mind knowing that they are receiving ongoing advice and expertise from an advisor whose interests are completely aligned with their investment goals. We're excited to offer an MFDA-specific fee-based solution as it meets a demand from both our members and advisors, and will assist in driving new growth opportunities in 2016."
The OnPoint Fee-Based Account solution is best suited to investors with a minimum of $100,000 to invest who are seeking to build a strong relationship with an advisor who can provide personalized advice and long-term investment solutions.
Credential Financial is a national wealth management firm, with over 20 years of experience in the Canadian financial services industry, offering a full suite of products and services to approximately 200 organizations and 1,500 advisors and portfolio managers. Credential and its member companies