B2B Bank and investment management firm AGF Investments Inc. have signed an agreement for the distribution of Registered Savings Plan (RSP) loans.
Under the terms of this agreement, B2B Bank RSP loan proceeds will be deposited into Canadian investors’ RRSPs and/or RESPs at AGF Investments Inc. for the purpose of purchasing of AGF funds.
“To be able to expand our RSP Loan Program’s funding options to include RESPs, and have partners like AGF adopt our platform, is really exciting for us,” says Maurice Forget, senior vice president, marketing and business development at B2B Bank.
The RSP Loan Program is available August 26 for clients of AGF Investments Inc.
About B2B Bank is a wholly owned subsidiary of Laurentian Bank of Canada (TSX:LB) With over $36 billion in total assets under management, AGF (TSX: AGF.B) serves more than one million investors.