The Investment Funds Institute of Canada (IFIC) announced Wednesday that Toronto-based LOGiQ Asset Management Ltd. has joined its ranks as a member.

“On behalf of our board and membership, I am pleased to welcome LOGiQ Asset Management Ltd.,” says Paul Bourque, president and CEO of IFIC, in a statement. “Each new member and affiliate broadens our understanding of industry concerns, and strengthens our ability to represent the full spectrum of industry and investor interests.”

LOGiQ launched last December following the merger of Front Street Capital and Aston Hill Financial Inc. and manages an estimated $1.74 billion in assets.