Manulife Private Investment Pools — MPIP Segregated Pools
Featuring Pools and Portfolios, and Guaranteed Interest Accounts. This program is an exclusive wealth-building solution for investors with an investment of at least $100,000 per pool/portfolio/contract. ¹
The MPIP Segregated Pools program combines these key features and benefits to help build and protect wealth
Comprehensive selection of segregated funds
Access high-conviction, active portfolio management. Choose from carefully selected segregated pools and portfolios in various asset categories from fixed income to specialty equity.
Security
Safeguard your investment with the guaranteed rates available with our Guaranteed Interest Accounts (GIAs) and Daily Interest Account (DIA), within the same contract. You can easily move money GIAs/DIA and pools/portfolios, as your needs change.2 Learn more about GIAs here.
Flexibility and convenience
MPIP Segregated Pools recognize higher deposit amounts with management fee reimbursements for segregated pools and portfolios. These allow household contract linking, which combines all the contract balances in an investor’s household to potentially qualify for an even greater management fee reimbursement.
- Household contract-linking
The household contract linking balance is determined by combining all the assets of the pools/portfolios/GIAs/DIA held in eligible contracts in the household, which can include spouses3 and other family members residing at the same address. It can also include corporate contracts where a qualifying household member beneficially owns more than 50% of the corporation’s voting equity.
- Management Fee Reimbursement (MFR) Rates
If the aggregated market value of the household assets reaches or exceeds $250,000, every contract within the household benefits from the MFR. MFR rates don’t differ by pool/portfolio and include the household assets going back to the first dollar invested. The MFR will automatically be credited to the contract, and all eligible contracts in the household, as an allocation of additional units into the relevant pools or portfolios on at least a quarterly basis and will not be paid in cash. GIA and DIA assets are included in the calculation in determining MFR eligibility, though do not receive an MFR.
Management fee reimbursement rates*
Contract/household value tiers |
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|---|---|---|---|---|---|
Asset band** |
$250K to $499,999 |
$500K+ to $999,999 |
$1M+ to $4,999,999 |
$5M+ to $9,999,999 |
$10M+ |
All MPIP Segregated Pools and Portfolios*** |
2.5bps |
5.0bps |
7.5bps |
10.0bps |
12.5bps |
Important disclosure
*MFR rates that are listed do not include applicable HST. A basis point (bps) is a unit that is equal to 1/100th of 1 percent, and is used to denote the change in financial instrument. The basis point is commonly used for calculating changes in interest rates, equity indexes and the yield of a fixed‑income security.
** Asset bands, tiers and rates are subject to change. The amount of the reimbursement begins on the first dollar invested.
*** Management fee reimbursement rates do not apply to the Manulife Dollar‑Cost Averaging Program Private Segregated Pool or to the Manulife High Interest Savings Private Segregated Pool. The MFR will not be paid in cash but will be credited to the contract. GIA and DIA assets are included in the calculation in determining MFR eligibility, though do not receive an MFR.
Estate planning benefits
At death, contract proceeds can pass quickly and privately¹ to designated beneficiaries (other than an estate), without legal, estate administration, and probate² fees.
Potential creditor protection
This feature may be an attractive feature to professionals and small business owners interested in protecting personal assets from professional liability.
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Explore our pools and portfolios
Explore the investment options
With access to balanced and fixed-income asset categories as well as global opportunities, these segregated pools and portfolios may be ideal for business owners and professionals who want to separate personal assets from business assets for potential creditor protection.
Professional service fee
This is a pilot project, available only to eligible distributors who have signed a professional service fee (PSF) sales charge option agreement with Manulife, and to investors who have entered into an agreement to pay their distributor a service fee (PSF fee), plus applicable taxes.
When it comes to your financial health, the more you know, the better. That’s why Manulife offers a professional service fee sales charge option with MPIP Segregated Pools. This is a fee that you and your advisor negotiate together. It identifies the fee your advisor receives for the service they are providing you. You’ll receive statements summarizing the PSF fee you have paid.
Fee-for-advice advantages
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Unbundled fees
The cost of advice is separately disclosed
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Flexibility
You negotiate the PSF together with your advisor
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Control and visibility
You have a say in fee decision, and you receive a statement itemizing the fee you pay for advice
Ask your advisor for more information on fee-based investing and Manulife’s PSF sales charge option.
Related materials
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Advisor materials
- MPIP segregated pools product at a glance (advisor login required)
- MPIP segregated pools advisor guide (advisor login required)
- Professional service fee advisor flyer (advisor login required)
- Professional service fee client flyer
- Professional service fee sales charge option administration (advisor login required)
- MPIP Segregated Pools ad mat (advisor login required)
Important disclosure
1 Minimum initial investment per pool/portfolio, may be reduced depending on the total amount of assets invested. For invested assets between $100,000 and $249,999, minimum per pool/portfolio is $100,000. For invested assets of $250,000 or more, the minimum per pool is $1,000. $1,000 per compound interest GIA term, $5,000 per monthly simple interest GIA term (provided contract minimums are met). Assets in the GIA(s) and DIA are included in the calculation to determining MFR eligibility, but do not receive an MFR. 2 Withdrawals, fund transfers, and switches between investment options may be subject to fees and/or surrender charges, result in tax consequences, and impact segregated fund guarantees. You can transfer from the DIA to a GIA, but not between GIAs. Transfers from the Manulife High Interest Savings Private Segregated Pool to a DIA are not allowed. 3 The term spouse includes common-law partner as these terms are defined by the Income Tax Act (Canada).
Withdrawals proportionally decrease maturity and death benefit guarantees. The management fee reimbursement will not be paid in cash but will be credited to the contract as additional units to the relevant Funds. The MPIP Segregated Pools insurance contract is offered by The Manufacturers Life Insurance Company. The Manufacturers Life Insurance Company (Manulife) is the issuer of insurance contracts containing Manulife segregated funds and the guarantor of any guarantee provisions therein. Manulife Investment Management is a trade name of Manulife.
MPIP Segregated Pools: Any amount that is allocated to a segregated fund is invested at the risk of the contractholder and may increase or decrease in value. Withdrawals proportionally decrease Maturity and Death Benefit Guarantees. The Management Fee Reimbursement will not be paid in cash but will be credited to the Contract as additional Units to the relevant Funds. Manulife Investments is a division of The Manufacturers Life Insurance Company. The Manufacturers Life Insurance Company is the issuer of the Manulife Private Investment Pools – MPIP Segregated Pools (MPIP Segregated Pools) insurance contract and the guarantor of any guarantee provisions therein.