Financial advisors at Edward Jones will begin incorporating debt-management and banking solutions into the financial plans of their clients with the use of Manulife Bank of Canada’s Manulife One accounts, the companies announced on Monday.

Edward Jones has formalized an association with Manulife Bank of Canada to allow Edward Jones advisors to refer their clients to the Manulife One account. The account brings clients’ mortgage, savings and income together into one multi-purpose “borrowing and chequing” account, designed to help homeowners become debt-free sooner and improve their overall financial plan.

“The debt and cash-flow management capabilities of our Manulife One account are ideally suited for the clients of a respected financial services firm like Edward Jones,” said J. Roman Fedchyshyn, president and CEO of Manulife Bank of Canada.

“We’re encouraged by how many Canadians now recognize that their day-to-day banking is crucial to building their wealth. They have also embraced the importance of seeking professional advice on how to manage their debt as well as their savings.”

Fedchyshyn said effective debt management is a critical part of a client’s long-term financial plan, along with efficient use of their income and getting the most for their short-term savings.

“The Edward Jones advisor network shares this commitment to providing clients with the right tools to put their hard-earned money to work and it is a pleasure to be a part of their select product offering,” he said.

IE