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PRIVATE CLIENT PROGRAM |
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Mackenzie Portfolio Architecture Service |
The Mackenzie Portfolio Architecture Service (PAS) is
one of the dedicated managed money programs available in the Mackenzie Private
Client Program. Using proprietary, pension style portfolio construction
techniques, we provide expert guidance in the development of tailored portfolio
solutions for high net worth clients and their families. The Mackenzie PAS
requires a minimum of $500,000 of investable assets across qualified family
accounts.
Key Benefits
High Net Worth Series Shares
- access to Mackenzie High Net Worth Series Shares
- available at significantly lower cost than Mackenzie retail funds
Superior Tax efficiency
- The Capital Class structure has proven to be an invaluable resource
in constructing portfolios for high net worth clients and offers:
- potential tax deferral on capital gains distributions
- no immediate tax consequences on regular rebalancing*
- tax efficiencies not available in a separately managed account
Monitoring and Rebalancing
- disciplined process assures each portfolio is rebalanced on a periodic
basis
Enhanced Reporting and Communication
- you'll recieve 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 after year end
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*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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