Peak’s mutual fund reps access platform-traded funds

Mutual fund dealer Peak Investment Services Inc. is providing its reps with direct access to the platform-traded funds (PTFs) listed on NEO Connect.

Toronto-based NEO announced Thursday that Montreal’s Peak Investment is the first fund dealer to offer its reps direct access to PTFs.

The exchange lists 66 funds, including both mutual funds and offering memorandum (OM) funds, from seven firms.

“We are proud to pioneer an integrated solution for PTFs in the mutual fund community in Canada,” said Robert Frances, chairman and CEO of the fund dealer’s parent company, Peak Financial Group. “We believe that providing advisors with an extensive offering of investment opportunities will contribute to create successful financial strategies for their clients.”

“This expansion to the mutual fund dealer community opens up access to advisors administrating a significant amount of investible assets who can now consider investment opportunities in NEO Connect distributed funds,” said Jos Schmitt, president and CEO of NEO Connect.

Access to the NEO Connect platform is being facilitated by Univeris, which integrated the fund trading venue with its wealth management platform in partnership with CIBC World Markets.

James Langton

James is a senior reporter for Advisor.ca and its sister publication, Investment Executive. He has been reporting on regulation, securities law, industry news and more since 1994.