TORONTO, Sept. 23 /CNW/ - United Financial Corporation today announced
the launch of Evolution Private Managed Accounts, an innovative program
designed to meet the complex investment needs of sophisticated investors.
Evolution offers customized portfolios based on actively managed
strategic asset allocation, a broad selection of leading portfolio managers, a
tax-efficient structure, as well as the choice of geographic emphasis,
investment style, currency-neutral pools and newly created Alpha pools.
"Evolution goes beyond the ordinary in investment management, with its
unprecedented combination of advanced features," said Joseph C. Canavan,
Chairman and Chief Executive Officer, United Financial. "Evolution offers an
exceptional degree of choice and flexibility, allowing sophisticated investors
to work with their advisors to create an investment solution that's tailored
to their unique needs and is an integral part of their overall financial
The Evolution portfolios are developed by United Financial Investment
Consulting, an in-house team of experts, based on the principles of strategic
asset allocation. The Investment Consulting team monitors and actively manages
the portfolios to ensure they remain efficient and are positioned to take
advantage of developing opportunities in the marketplace.
The Evolution program provides access to a wide selection of
industry-leading Canadian and global portfolio managers available through
United Financial and CI Investments Inc., including AllianceBernstein,
Cambridge Advisors, Connor, Clark and Lunn Investment Management, Cohen and
Steers, Epoch Investment Partners, Harbour Advisors, Picton Mahoney Asset
Management, Signature Global Advisors, Tetrem Capital Management and
"Evolution represents the combined resources of United Financial and CI
Investments and their expertise in portfolio management and in developing and
managing innovative investment solutions," said Mr. Canavan.
Investors may select United Financial's new Alpha mandates, which are
concentrated equity portfolios that invest in select portfolio managers' best
ideas, with a focus on absolute returns. The Alpha mandates and their
portfolio managers are Canadian Equity Alpha Corporate Class (QV Investors
Inc.), US Equity Alpha Corporate Class (Tetrem Capital Management Ltd.) and
International Equity Alpha Corporate Class (Picton Mahoney Asset Management).
The Evolution program provides a high level of tax efficiency, a key
concern for high net worth investors. The Evolution portfolios are based on a
corporate class structure, and United Financial also manages investors'
registered and non-registered and family accounts as a single portfolio, in
order to achieve the maximum level of tax efficiency.
Evolution Private Managed Accounts recognizes the needs of sophisticated
investors by offering a pricing process similar to those offered to
The Evolution Private Managed Accounts program requires a minimum
investment of $250,000 and is available exclusively through advisors
affiliated with Assante Wealth Management.
United Financial Corporation is a Canadian investment management and
wealth planning firm with approximately $8 billion in assets under management.
It provides customized managed portfolio solutions for individuals, families
and businesses, distributed through advisors with Assante Wealth Management
and Stonegate Private Counsel LP. United Financial is on the Web at
www.unitedfinancial.ca. United Financial is controlled by CI Financial Income
Fund (TSX: CIX.UN), an independent, Canadian-owned wealth management firm with
approximately $100.6 billion in fee-earning assets as of August 31, 2008.
For further information:
For further information: Brent Wagner, Vice-President, National Sales,