NEO Connect Welcomes Nine PTFs from Provisus

Provisus Wealth Management, including President and CIO Chris Ambridge, joined Erik Sloane, Head of Funds & Trading at NEO, to celebrate the nine new Platform Traded Funds^TM now available on NEO Connect. This represents the sixth fund provider to distribute products on NEO Connect, which has allowed fund providers to raise close to $700 million in assets to date.

Toronto – February 21, 2019 –  NEO Connect, is pleased to announce that Series PTF^TM of nine offering memorandum funds from Provisus Wealth Management  (“Provisus”) are now available on NEO Connect. Provisus is the sixth company to distribute products on NEO Connect, which has allowed fund providers to raise close to $700 million in assets to date. The nine Platform Traded Funds^TM (PTFs) are now available under the following symbols:

“We are proud to celebrate today’s milestone at Provisus as we make our suite of pay-for-performance structured funds more broadly available to the advisor community. These funds allow investors to pay passive prices for active management,” said Chris Ambridge, President and Chief Investment Officer, Provisus. “We are proud to embrace the efficient PTF format and look forward to accessing the NEO Connect distribution network in a cost efficient manner.”

NEO Connect is Canada’s newest and most efficient distribution platform for all types of funds: it allows for bulk trading, integrates seamlessly with investment advisors’ front and back-office systems, requires no minimum investments and distributes its market data to all main market data distribution platforms used by investment advisors. Using NEO Connect, investment advisors can purchase and redeem PTFs with the same ease and efficiency as they trade ETFs and corporate securities. They look up the symbol using their existing equity trading tools, choose the number of units they want and hit “buy”.  The order executes at the end of the day at NAV, without any bid/ask spreads. The resulting position automatically integrates into their client accounts – it’s that simple.

“We are thrilled to welcome Provisus to the NEO family as the newest champion to embrace the PTF revolution,” said Jos Schmitt, President and CEO, NEO. “Provisus and NEO are natural partners, both dedicated to meeting our clients’ objectives and prioritizing transparency in everything we do.  PTFs continue to grow in popularity within the advisor community because they enable greater efficiency and cost savings for advisors and fund providers, and ultimately, they create a better experience for the end investor.”

NEO Connect is now home to 59 funds from six fund providers, and is used by 15 dealer networks. Click here to view the full fund directory.

About NEO Connect

NEO Connect is Canada’s new fund distribution platform launched in May 2016 within the Aequitas Innovations Inc. group of companies. NEO Connect is a complementary offering to the NEO Exchange, Canada’s next generation stock exchange that puts the needs of investors, businesses looking to raise capital and dealers first.

NEO Connect is available to all investment dealers at no cost and streamlines the fund purchase and redemption process, making it easier and more cost-effective for advisors to transact and asset managers to distribute their products. An initial test trade can be organized and executed within 24 hours. To arrange a test or learn more, contact the NEO investor helpline toll-free at 1-844-567-6424 or visit: https://www.aequitasneo.com/en/connect/neo-connect

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Adam Bornstein

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