CIBC OFFERS NEW INVESTOR SERVICE
By Adnews Staff
The Canadian Imperial Bank of Commerce is targeting investors with its latest service. Called Index Portfolio Services, the program offers investors personalized investment options and assistance with investment and retirement planning. To use the service, customers will meet with a professional adviser to establish their goals, risk tolerance and expectations for return. An investment plan will be developed and a portfolio will be selected based on one of five different investor profiles, each with different asset mixes ranging from very conservative to very aggressive. Investments will be placed in CIBC's family of index mutual funds. Index Portfolio Services is available to investors with $100,000 or more per household to invest. CIBC plans to begin promoting the service in trade publications beginning next year. Advertising for the bank is done by Padulo Integrated of Toronto.