On The Shelf:

By Staff | January 22, 2008 | Last updated on January 22, 2008
2 min read
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(January 22, 2008) Saxon Financial has launched an advisor-friendly series for all of its funds, which includes a front-end load and a 1% trailer commission.

“In launching Advisor Series, Saxon recognizes the value of professional financial advice while maintaining its commitment to fair pricing,” said Allan Smith, president and CEO. “Saxon believes in tailored, fair and transparent pricing for all investors, whether it’s those seeking advice or the do-it-yourself investor.”

The company says it will absorb all operating expenses of the advisor series.

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CC&L offers two new ROC portfolios

(January 22, 2008) Connor, Clark & Lunn Managed Portfolios Inc. has launched two new return of capital series, which provide investors with tax-efficient monthly payments.

The R5 series will target an annual distribution of 5% of the initial investment, while the R7 series will aim for 7%. Both are being made available as investment options for the CC&L Balanced Income, CC&L Balanced, CC&L Balanced Growth, and the CC&L Growth portfolios.

“Advisors came to us looking for a solution that combines a tax-efficient distribution with our suite of actively managed investment portfolios,” says Nick Mancini, president and CEO of CC&L Managed Portfolios Inc. “They wanted to help clients use their non-registered portfolios to generate a regular income stream that has potential tax advantages.”

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JovFunds launches multi-manager suite

(January 22, 2008) JovFunds Management and T.E. Investment Counsel have announced the launch of Jov Prosperity Funds, a suite of four funds that take a multi-manager, multi-style approach.

The new fund family includes Canadian Fixed Income and Canadian, U.S. and International Equity mandates. T.E. Investment Counsel will serve as portfolio manager for the funds.

The firm has enlisted the services of a variety of managers to sub-advise on the funds, including Addenda Capital and Canso Investment Counsel (Fixed Income); Foyston, Gordon & Payne, McLean Budden and Fiduciary Trust Company of Canada (Canadian Equity); Sanford C. Bernstein & Co. and McLean Budden (U.S. Equity); and Brandes Investment Partners and Mawer Investment Management (International).

“These are exceptionally managed, well-established funds that we are pleased to now make available to Canadian mutual fund investors,” said Steve Hawkins, managing partner of JovFunds. “We are delighted to add TEIC to our strong list of partners.”

Both companies are wholly owned subsidiaries of Jovian Capital Corporation.


Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.