NEO Connect Welcomes Raymond James as a New Dealer
Toronto, June 11, 2018 – NEO Connect, Canada’s first and only fund distribution platform for both prospectus and private/offering memorandum (OM) funds, including Platform Traded Funds (PTFs), is proud to welcome Raymond James Ltd. (“Raymond James”) as a new dealer on its platform. Raymond James is the Canadian arm of North American full-service investment dealer Raymond James Financial Inc., which represents over US$725 billion in client assets worldwide, including over $45 billion in Canada.
Raymond James is now fully operational on NEO Connect, enabling its approximately 500 investment advisors, including its correspondent network clients across Canada, to gain access to the benefits associated with PTFs. Those benefits include more efficient, actively managed mutual funds for investors without having to meet minimum investment requirements or needing to link accounts to reach certain thresholds. PTFs are available exclusively on the NEO Connect platform.
“We are committed to offering world class products to our clients and this innovative solution will empower our investment advisors to do so with added efficiency,” said Mario Addeo , Executive Vice-President and Head of Private Client Solutions at Raymond James Ltd. “We were immediately interested in the benefits and efficiencies made possible by NEO Connect and are proud to extend this experience to our advisor network so we can continue to offer our clients access to high quality products and services.”
NEO Connect allows participating investment advisors to benefit from an exceptional user experience, by letting them transact mutual funds the same way as listed securities or ETFs. For fund manufacturers, NEO Connect combines the efficiency of execution and cost savings with access to a rapidly growing distribution network.
“We are pleased to see Raymond James adopt our platform and are proud to welcome them as the most recent adopter,” said Jos Schmitt, President & CEO, NEO. “NEO Connect is available to dealers at no cost and streamlines the purchase and redemption process, making it easier and more cost-effective for investors and advisors to transact a suite of actively managed funds.”
NEO Connect currently distributes 45 funds from two asset managers and provides access to the investor community of over 15 dealer networks. A recently announced partnership will see Univeris integrate NEO Connect into its wealth management software utilized by 15,800 MFDA advisors, whom collectively represent over $178BN in assets under administration.
About NEO Connect
NEO Connect is Canada’s new fund distribution platform launched in May 2016 and built by Aequitas Technology Services Inc., the innovation arm of Aequitas Innovations Inc. NEO Connect is a sister company to Aequitas NEO Exchange Inc., which operates the NEO Exchange, Canada’s next generation stock exchange that puts the needs of investors, businesses looking to raise capital, and dealers first.
Access to NEO Connect is currently available at no cost for all investment dealers and an initial test trade can be organized and executed within 24 hours. The seamless onboarding process has fund manufacturers set up to handle purchases in no time. To arrange a test or learn more, contact the NEO investor helpline toll-free at 1-844-567-6424