B2B Bank and Pro-Financial Asset Management Inc. have signed agreements for the distribution of investment and RRSP loans.
Under the terms of these agreements, Toronto-based B2B Bank will offer preferred rates on investment and RRSP loans to Canadian investors who purchase eligible Pro-Financial funds through licensed financial advisors.
“We pride ourselves on providing value-add programs to our clients, Canadian fund companies such as Pro-Financial,” says Susi McCord, Senior Vice President Marketing and Distribution at B2B Bank. “Our comprehensive and flexible loan programs are tailored to advisors with clients looking to increase their market exposure by borrowing to invest.”
“Over the past five years we have seen tremendous growth and demand for enhanced index products, as advisors are increasingly seeing the benefits of combining active and passive management,” says Stuart McKinnon, CEO of Oakville, Ont.-based Pro-Financial. “We’re pleased to have established an alliance with B2B Bank in order to meet our ever growing demand of providing quality investment solutions to our clients.”
The investment and RRSP loan programs are now available for Pro-Financial.
B2B Bank is a wholly owned subsidiary of Laurentian Bank of Canada (TSX:LB).