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Important changes to the Registered Investment Account

1/25/2021 12:00:00 AM

Starting January 25th, you'll earn more!

 At Assumption Life, we are committed to providing you with efficient and hassle-free investment tools and solutions. Over the past year, we have made great strides in this direction with the launch of our low-fee accounts, known as the Registered Investment Account (RIA) and Vesta, our investment sales platform.

We are pleased to tell you that this is just the beginning!

Effective January 25, we will be making significant adjustments to the Series D commission structure for our Registered Investment Accounts. The commission charge back period will be changed from 3 years to 5 years and advisors will now receive more than 4.5% net in their first year.


Series D—Registered Investment Account
The new compensation for advisors will be as follows

First-year commission
Before January 25—2%    
NEW—4.16%        

Trailers (after 1 month)
Before January 25—Years 1 to 3: 0.40%  Year 4+: 0.80%     
NEW—0.36%    

Charge back period
Before January 25—3 years    
NEW — 5 years


Contact to your Assumption Life representative to learn more!


Note the information herein is believed accurate at the time of publication refer to the compensation guide most up-to-date information. First year and renewal (trailers) commissions will be reduced by half on the following funds: Canadian Bond Fund, Assumption Conservative (Wrap portfolio) and SmartSeries Income Fund.