Mutual Funds

Comprehensive Financial Planning Services and Corporate Class Investments: Achieve your financial goals with Southwest Regional Credit Union

We've had the pleasure of serving residents of Southwestern Ontario since 1939 with the friendly, comprehensive banking services that you've come to expect from Southwest Regional Credit Union. But did you know that we offer our members a whole array of services that can help you to reach your financial goals?

Diversify your portfolio with Mutual Funds through Credential Asset Management Inc.

Did you know that Southwest Regional Credit Union provides access to mutual funds? We've partnered with Credential Asset Management Inc. (Credential®) to offer our members competitive pricing on a wide range of wealth management products, such as mutual funds and wrap programs, in addition to Southwest Regional Credit Union's traditional GIC line-up.

Mutual funds are a great way for just about anyone to grow their financial portfolio. The name of the game for mutual funds is diversification; rather than investing in a single stock that is subject to highs and lows, mutual funds allow you to invest as part of group in many different stocks so that your portfolio is optimized and less prone to market fluctuations.

With mutual funds, members get to choose what level of risk they're willing to take; whether you prefer investing through a slow-and-steady model, a high-risk-high-return model or something in between we'll help you build the mutual fund portfolio that best suits you. Give us a call or stop by your local Southwest Regional branch to talk to a Credential Asset Management Inc. representative about mutual funds and how they could help you grow your wealth. 

Defer tax on your returns with Corporate Class Investments

A product that deserves some attention for helping you achieve your financial goals are the Corporate Class Investments (CCI) that we offer to our members through Credential Asset Management Inc. 

CCIs offer “tax efficient” benefits compared to other forms of investments. Similar to an RRSP, Corporate Class Investments allow you to defer paying taxes on your gains when you move your investment between companies or rebalance your portfolio, which will not only save you from having to make a tax payment but also keeps those funds invested that you would have otherwise paid in taxes, thereby maximizing the power of compound interest. In fact, CCIs are treated virtually the same as a registered plan for taxes and by their tax-efficient design protect your Old Age Security Pension.

To help explain how Corporate Class Investments work, consider an analogy in which CCI's are likened to a house with many rooms, where the house represents the Corporation in its entirety and the rooms represent the different companies in which you're investing. Maybe you want to move some or all of your funds to different rooms in this house because perhaps one room has a better return potential or a lower risk than another room. In other forms of investment you may be taxed when you move your funds because you need to withdraw your investment before reinvesting it, but with CCIs you can move your investments within the house to any of the rooms you choose without tax penalty because they are all considered part of the larger corporation. You'll still have to pay taxes on your investment eventually, but you stand to make greater gains as you won't be taxed until you withdraw your funds, which, by the way, you get to do at a time of your choosing that's financially convenient for you. 

In addition to their ability to leverage tax sheltering and compounding interest, CCIs are attractive investments because they offer fee recuperation for mutual fund holders. One example of such savings is a result of CCI's being offered as a high net worth pricing option, which lowers your Management Expense Ratios (MERs) from 2.58% to 1.17% on average. In other words, not only are CCIs a great way to defer taxes but you'll also save on management fees on your investments.

Who is the ideal candidate to capitalize on Corporate Class Investments? A lot of mutual fund holders could benefit from investing in CCIs, and to find out if they're right for you we'd recommend making an appointment with a Credential Asset Management Inc. Mutual Fund Investment Specialist, but those who stand to gain the most from CCIs are those with the greatest amount of time to retirement. Because they are such an efficient tax shelter, the more time a CCI has to grow the greater the gains that investor will experience, as is the case with any kind of tax deferral investment. 

Southwest Regional Credit Union's comprehensive financial services can help you realize your goals

Whether it's planning for your post-secondary education, your retirement, or building a robust financial portfolio we're here to help you every step of the way with comprehensive financial planning, services, and products. Give us a call or stop by your local Southwest Regional Credit Union branch to find out how we can start building your financial future today.

Disclaimer: Mutual funds, and related financial planning services are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated. We are not tax advisors and we recommend that clients seek independent advice from a professional advisor on tax related matters. ®Credential is a registered mark owned by Aviso Wealth Inc.


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