By Trista Vincent

(September 9 – 16:30 ET) – Opus 2 Direct.com Inc. will be open
for business on October 4th. It will be launching new WRAP
accounts that the company’s chairman, Allen Clarke is calling “unitized
trust funds.”

“We’re solution-driven. These are not mutual funds, these are
unitized trust mutual funds,” Clarke said today at a presentation at the
Toronto Stock Exchange.

The difference, Clarke insists, is in the funds’ construction.
Advised by licensed securities dealers, clients will build a portfolio
that reflects their investment objectives and risk tolerance.
“Mutual funds are product-driven, this is solution-driven,” says
Clarke.

There will also be a difference in the type of client Opus 2 will
attract, he contends. WRAP accounts have required a considerable
minimum initial investment – often upwards of $100,000. Most
investors, says Clarke, are therefore young and wealthy, or nearing
retirement age. Clarke says a minimum investment of $10K, an MER set at
1.85%, and no front- or back-end fees will make Opus 2 accessible to
most any RRSP investor.

A variety of companies will be managing Opus 2’s funds. YMG
Capital Management
will manage the Canadian Fixed Income fund and the
Canadian Money Market Fund. Bissett and Associates Investment
Management
will oversee the Canadian Growth Equity.
Beutel Goodman & Company Ltd. will manage the Canadian Value
Equity. McDonald Investment Management will deal with the Foreign
Equity. Newcastle Capital will manage the RSP Eligible Foreign
Equity. Independence Investment Associates will manage the U.S.
Growth Equity. Global Alliance Value Investors will handle the
U.S. Value Equity pool.

In his 20 years in the investment industry Clarke has launched some
of successful WRAP accounts, namely Harmony, AGF’s 200 million +
WRAP, and Sovereign, R.G. Capital’s Investment WRAP.