NEO Connect and Invesco Congratulate RBC Investor & Treasury Services for Investment Week Award
RBC I&TS Wins Best Fund Service Solution 2016
TORONTO–(BUSINESS WIRE)–Aequitas NEO Connect (“NEO Connect”), Canada’s new fund distribution
platform, and Invesco Canada Ltd. (“Invesco”) proudly congratulate RBC
Investor & Treasury Services (RBC I&TS) for winning the Best Fund
Service Solution award from Investment Week. The recognition celebrates
RBC I&TS as custodian and settlement agent for Platform Traded Funds™
(PTF™) now available on NEO Connect™.
PTFs offer an entirely new process for delivering active money
management products to investors. PTFs are designed exclusively for
fee-based investors who work with either discretionary or
non-discretionary advisors. NEO Connect enables investors to purchase
and redeem PTFs similarly to Exchange Traded Funds. The new distribution
platform is made possible through the collaboration of Invesco’s unique
PTF products, the innovative technology provided by NEO Connect, and the
trusted service of RBC I&TS.
“RBC I&TS plays a critical role in the success of PTFs and our
innovative distribution platform. This award is well deserved,” added
Jos Schmitt, President and CEO, Aequitas NEO Connect. “NEO Connect is a
preeminent lower cost solution for fund manufacturers and investment
advisors that provides the ease and efficiency demanded by our users.
Together, we have produced a game changing platform for the mutual fund
industry.”
“RBC I&TS showed tremendous commitment to PTFs, and I am delighted to
congratulate them on this much-deserved award,” said Peter Intraligi,
President, Invesco Canada. “We rely on RBC I&TS to secure and settle our
products efficiently. This allows us to reduce mutual fund expenses by
up to 35% and pass those cost savings directly back to our investors.”
Invesco’s PTF offering includes 43 funds that have now reached over $100
million in assets under management†, with positions held for
investors across seven Canadian investment dealers, including several
Canadian bank-owned dealers. More funds will be added to the selection,
providing an effective solution to evolving regulatory changes
associated with CRM II and the potential development of the Best
Interest Standards. PTFs are available to all investors with no minimum
investment requirements, thus eliminating the need for advisors to
identify and link accounts to qualify for various pricing discounts.
About NEO Connect
Aequitas NEO Connect is Canada’s new fund
distribution platform launched in May 2016 and built by the technology
arm of Aequitas Innovations Inc. Aequitas Innovations is the parent
company of NEO Connect and the NEO Exchange, a new Canadian stock
exchange using a bold new blueprint that puts investors, capital-raising
companies and dealers first. Aequitas Innovations was founded by a
diverse group of prominent investors representative of all Canadian
capital market stakeholders. For more information, please visit: www.aequitasNEOexchange.com
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About Invesco Ltd.
Invesco Ltd. is an independent investment
management firm dedicated to delivering an investment experience that
helps people get more out of life. NYSE: IVZ; invesco.com.
†Source: Invesco Canada as at October 31, 2016
Commissions, trailing commissions, management fees and expenses may all
be associated with mutual fund investments. Mutual funds are not
guaranteed, their values change frequently and past performance may not
be repeated. Please read the simplified prospectus before investing.
Copies are available from your advisor or Invesco Canada Ltd.
Invesco is a registered business name of Invesco Canada Ltd.
* Invesco® and all associated trademarks are trademarks of
Invesco Holding Company Limited, used under licence.
Platform Traded Funds™, PTF™, all associated trademarks are trademarks
of Invesco Holding Company Limited, used under licence by Invesco Canada
Ltd.
© Invesco Canada Ltd., 2016
Contacts
Media Contacts
Aequitas NEO Connect
Joanne Kearney,
416-804-5949
Joanne.kearney@aequin.com
or
Invesco
Canada
Aysha Mawani, 416-324-7712
Vice President, Corporate
Affairs
Aysha.mawani@invesco.com
