AIC's segregated portfolio: there are numerous advantages in having a mutual fund created just for you
Money Digest, Nov, 2002
If you are a long-term buy-and-hold investor with a high net worth, AIC Ltd. has a customized portfolio service that might interest you.
The AIC Private Portfolio Counsel program offers a segregated portfolio of stocks and bonds customized to clients with a minimum of $500,000 to invest. Currently, this program is available only in Ontario, although it is expected to be gradually rolled out to other provinces.
This program, which is aimed at high net worth individuals, has a few of competitors. AGF offers a competing product, but it requires an even higher minimum: $2 million.
There are many advantages to having a portfolio customized to one's needs--a mutual fund created just for you. You will have some say as to what you want (or don't want) in your portfolio. Also, a mutual fund's capital gains or losses are not under the control of the investor. In contrast, capital gains and losses in a segregated fund can be better controlled.
AIC's buy-and-hold investment philosophy is similar to that of famed investor Warren Buffett's: own a few businesses that you understand and hold them for the long run.
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