MD Financial Management Inc. Updates Its Investment Sub-Advisors
MD Financial Management Inc. (MD) has made strategic adjustments to its sub-advisory framework to better cater to Canada’s physicians. These changes will take effect shortly, demonstrating MD's ongoing commitment to enhancing its investment strategies and delivering improved results for its clients.
Implementation Timeline and Structural Changes
The revised investment sub-advisory structure will be put into action according to the specified timeline. MD is focused on improving the management of various funds while ensuring that their original investment objectives and risk ratings remain intact.
Funds Affected by the Changes
The following funds are set to see changes in their advisory teams:
MD Canadian Equity Fund
The management of the MD Canadian Equity Fund will now be handled by Hillsdale Investment Management Inc. and Jarislowsky, Fraser Limited, both recognized for their strong investment philosophies.
MD Dividend Growth Fund
Hillsdale Investment Management Inc. and 1832 Asset Management L.P. will now manage the MD Dividend Growth Fund, introducing a new perspective on dividend investing.
MDPIM Canadian Equity Pool
The MDPIM Canadian Equity Pool will also welcome new management, featuring Hillsdale Investment Management Inc. alongside Jarislowsky, Fraser Limited, with a focus on achieving better returns.
MDPIM Dividend Pool
Similar changes will take place for the MDPIM Dividend Pool, which will now be overseen by Hillsdale and 1832 Asset Management L.P.
MD Precision Funds
The MD Precision Canadian Balanced Growth Fund and the MD Precision Canadian Moderate Growth Fund will undergo significant shifts. Their management will now involve multiple firms, including Hillsdale, 1832 Asset Management, and Manulife Investment Management.
Purpose of the Changes
These updates are part of MD's ongoing efforts to align with industry best practices while providing clients with superior investment knowledge. MD's goal is to remain a trusted partner for physicians seeking to maximize their financial well-being.
Client Support and Resources
For any questions or further assistance regarding these changes, MD encourages clients to get in touch with their MD Advisors or contact MD Client Services directly at 1 800 267-2332. This focused support reflects MD's commitment to serving its client base effectively.
About MD Financial Management Inc.
With a legacy spanning over 55 years, MD Financial Management Inc. is dedicated to providing financial expertise specifically for physicians and their families. MD currently manages over $58 billion in assets, showcasing its commitment to offering comprehensive financial solutions and peace of mind to its clients. Founded in 1969, MD Management Limited has built a reputation for excellence in financial management.
Frequently Asked Questions
What changes were announced by MD Financial Management Inc.?
MD has revealed updates to its investment sub-advisory structure to enhance the management of its funds.
When will the changes take effect?
The revised structure is expected to be implemented soon, following the outlined timeline.
What types of funds will be affected?
Funds including the MD Canadian Equity Fund, MD Dividend Growth Fund, among others, will undergo management changes.
Who are the new sub-advisors for the funds?
New sub-advisors will include firms like Hillsdale Investment Management Inc. and 1832 Asset Management L.P.
How can clients find out more information?
Clients can reach out to their MD Advisors or contact MD Client Services at 1 800 267-2332 for further details.
