National Bank Securities and Altamira Investment Services are integrating their fund dealer firms.
The firms today announced the creation of National Bank/Altamira Dealer Distribution, created by joining the National Bank Securities (the mutual fund division of National Bank) and Altamira Dealer Distribution units into one team.
“The combined National Bank/Altamira Dealer Distribution Team will offer advisors the benefit of dealing with two great fund families through one business relationship,” said Charles Guay, president and CEO of National Bank Securities and Altamira Investment Services, in a statement.
Also, beginning October 1, trailer fees were increased on three of Altamira’s no-load funds: Altamira Inflation-Adjusted Bond Fund (Series I and A), Altamira Global Small Company Fund and Altamira Energy Fund. The global small cap fund saw the biggest hike, going from an annual trailer of just 0.25% to 1.25%. The energy fund trailer increased to 1.25% from 1.0%. The bond funds’ trailer was raised to 0.3% from 0.25%.
National Bank Securities, Altamira integrate dealer units
Merger creates National Bank/Altamira Dealer Distribution
- By: James Langton
- October 17, 2005 October 17, 2005
- 15:10