TORONTO, March 6, 2015 /CNW/ - B2B Bank and Canoe Financial LP (Canoe) have signed agreements for the distribution of investment and RSP loans. Under the terms of these agreements, B2B Bank will offer preferred rates on investment and RSP loans to Canadian investors who purchase eligible Canoe mutual funds through licensed financial advisors.
"We are pleased to partner with Canoe Financial on our popular Distribution Alliance Programs" says Tony Lupo, Senior Vice President, Marketing and Distribution at B2B Bank. "These agreements allow advisors to offer more value to their clients by combining greater choice in their investment options at better lending rates."
With a long-standing history of investment lending experience and a loan portfolio in the billions, B2B Bank is well-known among the financial advisor community for its comprehensive suite of investment lending products and solutions. B2B Bank provides investment and RSP loan options to advisors and agents in the mutual fund and insurance sectors, as well as through dealers and managing general agencies.
"Since launching Canoe mutual funds in February of 2011, we have enjoyed the privilege of partnering with the very best investment professionals in Canada," commented Darcy Hulston, President & CEO, Canoe Financial. "Our relationship with B2B Bank is consistent with our ongoing commitment to providing innovative solutions to help investors achieve their financial goals."
The loan programs are available beginning March 6, 2015.
About Canoe Financial
Founded in 2008, Canoe Financial LP is an investment management firm focused on building financial wealth for Canadians. Canoe is Canada's fastest-growing independent mutual fund company and manages approximately $2.9 billion in assets across a diversified range of award-winning mutual funds, flow-through limited partnerships and private energy equity products. Canoe has expanded from its Calgary head office to across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg and Ottawa. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.
About B2B Bank
B2B Bank is a leading provider of banking products to more than 27,000 financial advisors and brokers across Canada. Through the professional advisor and broker channels, it offers a broad range of products and services to consumers including: investment and RSP loans, mortgages, GICs, banking services, and investment accounts and services through B2B Bank Dealer Services. B2B Bank has been proudly dedicated to serving the needs of its clients for more than a decade, and it continues to provide innovative products and solutions that help advisors and brokers build rewarding relationships with their clients.
B2B Bank is a Schedule I bank with $12.6 billion in consumer deposits, $8.7 billion in loans and mortgages, and $31.7 billion in assets under administration. B2B Bank is a member of industry associations serving the financial community and is also a member of the Canada Deposit Insurance Corporation (CDIC). For more information please visit b2bbank.com.
SOURCE B2B Bank
For further information: Canoe Financial: Jodi Peake, Vice President, Marketing & Investor Relations, Tel: 403 234-2776, [email protected]; B2B Bank: Hélène Soulard, Assistant Vice President, Communications, Tel: 647 826-7979, [email protected]