Metroland continues to diversify its portfolio of product offerings for Canadians
TORONTO, Aug. 4, 2015 /CNW/ - Metroland Media Group Ltd. today announced a $1.5 million cash investment in Nest Wealth Asset Management Inc. ("Nest Wealth"), a Canadian online automated financial advisor. The deal will also see Metroland leverage its extensive print and digital properties to bring Nest Wealth's personalized, professional, lower-cost wealth management solution to more Canadians.
Nest Wealth combines the customization of a personal portfolio manager with the convenience, transparency and time-savings of leading edge technology. Nest Wealth clients receive a customized portfolio based on their current financial situation, goals and risk tolerance. Clients' funds are invested in low-cost Exchange Traded Funds (ETFs) and, as the markets fluctuate, Nest Wealth monitors and rebalances the individual portfolios back to the original asset allocation established by the client. Nest Wealth charges a transparent, flat monthly fee for its services, regardless of the size of the account.
According to Morningstar's 2015 Global Fund Investor Experience Study, Canadians pay some of the highest fund fees in the world. Nest Wealth can help Canadians who are looking for greater convenience, lower costs and personalized solutions when it comes to planning for their financial future.
"We are very pleased to be leveraging our print and digital assets to partner with Nest Wealth in an area of business growth that provides cost savings to the communities we serve," says Ian Oliver, President of Metroland Media. "Nest Wealth provides Canadians with the opportunity to invest their savings based on their personal goals and risk tolerance while lowering costs."
"As a trusted brand with an extensive reach, we are delighted to have Metroland as our first strategic investor," says Randy Cass, Founder and CEO of Nest Wealth. "This partnership will enable many more investors to learn about Nest Wealth and to become empowered by taking control of their financial future. We believe that all Canadians deserve sophisticated and convenient portfolio management at a reasonable cost, which is a message Metroland will help us deliver through their award-winning media properties."
About Metroland Media Group Ltd.
Metroland Media Group Ltd. is a dynamic media company delivering vital business and community information to millions of readers across Ontario each week, with over 100 newspapers, numerous websites, other specialty and monthly publications, consumer shows and distribution operations.
About Nest Wealth
Nest Wealth Asset Management Inc. is Canada's first automated investment advisor. Nest Wealth provides personalized, professionally constructed portfolio management services for a flat monthly fee regardless of the size of the investment account.
SOURCE Metroland Media Group Ltd.