Stone Announces Back Office Conversion for Improve

TORONTO, May 15, 2018 (GLOBE NEWSWIRE) -- Stone Asset Management Limited (“Stone”), the Investment Fund Manager and Portfolio Manager of the Stone Mutual Funds, announces the conversion of Back-Office Systems and Administration after a 23-year customer relationship with International Financial Data Services, to CIBC Mellon Global Securities Services Company (“CIBC Mellon GSSC”). This is effective for funds that are registered under Fund Manager code “SCL”.

Stone’s Founder and CIO, Richard Stone, explained, “This conversion will benefit our valued clients by providing an overall improvement in service for both investors and Stone, and delivering on our commitment to manage and reduce investor costs. We only see this positive trajectory progressing as we continue to build Stone’s brand equity and invest in its processes and infrastructure.”

“At Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well. Guided by the strength of our current management team, Stone is tremendously well-positioned for scalable, thoughtful growth and the generation of robust, long-term performance for our clients.”

Ragen Mangal, COO of Stone continued, “This is an exciting move for our business at Stone, as CIBC Mellon GSSC represents the best platform for our operations. They have been a solid partner throughout the conversion process and we are looking forward to a long-term relationship with them.”

Investors or Advisors seeking more information about the conversion can contact Stone’s Client Services Team at 1 800 795 1142 or clientservices@stoneco.com.

About Stone Asset Management Limited

Stone Asset Management Limited is an active asset manager, providing investment management services via distinctive investment mandates, overseen daily by the disciplined execution of a proprietary investment process and investment philosophy. Access to Stone investment mandates can be achieved via a family of open-ended mutual funds, a pooled fund, and Private Wealth Management services. Stone’s expertise ranges from servicing Canada’s retail investors and working with their financial advisors to the complexities of working directly with Family Offices, endowments and foundations.

For more information:
Jason Stone
Investor Relations
T 416 867 2533  T 800 336 9528 x4429
E jasons@stoneco.com  www.stoneco.com