TORONTO, Oct. 3, 2016 /CNW/ - Effective October 3, 2016, Global Growth Assets Inc. is pleased to announce that they have agreed to engage Adaptive Asset Management as a portfolio advisor for the Legacy Education Savings Plan (the plan) (formerly Global Educational Trust Plan).
The Legacy Education Savings Plan (LESP) is offered by Full Prospectus through Global RESP Corporation and Global Maxfin Investments Inc. in which both are the distributors of "the plan". The LESP is designed for clients looking to maximize their education savings investment and who prefer a structured, disciplined approach to investing and saving.
Global Growth Assets Inc acts as overall manager of "the plan" and has engaged Global RESP Corporation to perform certain administrative functions in respect of "the plan".
About Global Growth Assets Inc.
Global Growth Assets Inc. is part of Global family of companies, one of Canada's leading financial institutions. Global Growth Assets Inc. is registered as an Investment Fund Manager ("IFM") and has been in operation since 2009.
Global Growth Assets is the Administrator and Investment Fund Manager for Advanced Education Savings Plan and Legacy Education Savings Plan, which has over $1 billion in pledged deposits and over $620 million in assets under administration. Global Growth Assets also manages over $30 million in mutual fund assets through Global Iman Fund, an ethical fund that provides investors with long-term growth by investing in a diversified portfolio of global investments that are in accordance with Shariah rules. Global Growth Assets Inc.'s Global Iman Fund is available through an assortment of distribution channels including financial planners, investment dealers, and mutual fund dealers. For more information, visit www.globalgrowth.ca.
About Adaptive Asset Management Inc.
Adaptive Asset Management is an independent Toronto-based investment management firm specializing in innovative, systematic portfolio strategies. Adaptive is registered as a Portfolio Manager with the Ontario Securities Commission (OSC) and was founded in 2014 by Robert Jackson, an investment industry veteran with expertise in quantitatively-driven investment management and structured products. Prior to founding Adaptive, Mr. Jackson was a Partner at Highstreet Asset Management where he helped grow the firm from a start-up to managing over $6 billion in assets under management before being sold to AGF Management.
Adaptive provides portfolio management services to individuals and institutions. Information about Adaptive can be found at www.adaptiveam.ca.
SOURCE Global Growth Assets Inc.
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For further information: David Prestwich, Chief Executive Officer, Global Growth Assets Inc. at 1-866-680-4734 or [email protected]