Well-respected funds to be available to Stratos Wealth Management clients
OTTAWA, June 8 /CNW/ - MD Financial, one of Canada's largest independent
financial services organizations, today announced amendments to the MD Family
of Mutual Funds which will create a separate class of the mutual fund units
for the majority of the MD Family of Mutual Funds. The new class, called "S"
class units, will be exclusively available to clients of Stratos Wealth
Management, a division of MD Management Limited.
"At MD Financial, our number-one priority is to create wealth for our
unitholders," said Brian F. Peters, President and CEO, CMA Holdings Inc.
"Opening the MD Family of Mutual Funds up to a larger market makes good
business sense - its about ensuring continuity and stability for MD clients
through measured and targeted expansion opportunities."
Amendments to the MD family of Mutual Funds were approved by the board of
directors of CMA holdings and MD Funds Management Inc. (the funds' trustee).
The new class of mutual funds is expected to launch on or about August 7,
Current holdings of existing MD mutual fund unitholders will be
re-designated and reported as "Class A" units. Outside from the naming change,
no other changes will be incurred by the existing MD mutual fund unitholder.
The MD Family of Funds was launched 35 years ago and it is regarded as
one of the top fund families in Canada featuring some of the world's best fund
managers. It features no-load and lower MER funds across all core asset
About MD Financial
MD Financial is one of Canada's largest and most respected independent
investment organizations. It represents a group of companies, including MD
Funds Management Inc. that builds and protects the wealth of physicians and
their families. Together, these companies offer financial advice, investment
and portfolio management, estate and trust services and insurance and banking
With more than $25 billion in assets under management, MD Financial has
been serving members of the Canadian medical profession and their families for
more than 35 years.
About Stratos Wealth Management (www.stratoswealth.com)
Based in Ottawa, Stratos Wealth Management is a division of MD Management
Limited, part of MD Financial. It offers personal financial services to
Healthcare professionals who are not members of the Canadian Medical
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