(January 11 – 12:35 ET) – Northern Financial Corp. has announced a strategic alliance with Createafund Inc., that will see Northern serve as the preferred provider of online trading to clients of Createafund.

Northern Financial’s eNorthern division is an online brokerage and financial information portal, which offers Canadian investors a platform for trading North American stocks, options and mutual funds in addition to providing access to online public offerings. Through this alliance, Createafund customers will have direct access to online trading.

Createafund offers investors a personal, proactive and cost-effective alternative to mutual funds. Through the web site Createafund.com, customers can access financial planning, portfolio construction and transaction management. The company’s goal is to help investors assemble a custom portfolio of investment products, including stocks, bonds and money market instruments, for a flat 1% management fee.

“This alliance provides further opportunity for us to build the eNorthern client base for online trading and online public offerings, which is a key strategic priority,” said Vic Alboini, president and CEO of Northern Financial. “We believe that through partnerships with providers such as Createafund, eNorthern will continue to strengthen its position as a new and innovative provider of online trading services.”

“We provide our customers with recommended portfolio strategies and through, eNorthern, they will be able to execute those strategies, quickly, efficiently, and at a very attractive price,” said Ron Etherington, president of Createafund.

“Createafund and eNorthern share a common goal of delivering high quality investment services at very attractive rates. “
-IE Staff