Sprott Asset Management Signs Investment Loan Distribution Agreement with B2B Bank
TORONTO, Dec. 23, 2016 (GLOBE NEWSWIRE) -- Sprott Asset Management (Sprott) and B2B Bank have signed a distribution agreement that will allow Canadian investors, through their advisors, to invest in Sprott mutual funds utilizing investment loans at a preferred loan rate.
The loan program is now available to advisors.
"This preferred rate loan program will provide advisors and their investors with an alternative solution to allocate Sprott funds to their portfolios," says Sprott Asset Management President James Fox. "We believe this is a great opportunity for Sprott and advisors and continues to support our ongoing goal of consistently providing innovative solutions to help investors achieve their financial goals."
With a long-standing history of investment lending experience and a loan portfolio in the billions, B2B Bank is well known amongst the financial advisor community for its comprehensive suite of investment lending products and solutions. B2B Bank provides investment, RSP and TFSA loan options to advisors in the mutual fund and insurance sectors to support them in building their client's wealth.
"We are pleased to launch this new Distribution Alliance Investment Loan Program with Sprott Asset Management," says Donald King, Senior Vice President, Distribution at B2B Bank. "This agreement allows advisors to offer their clients access to the Sprott mutual fund lineup at lower borrowing rates. We are proud to offer innovative lending programs such as this one that combine excellent products and services with superior rates."
About Sprott Asset Management
Sprott Asset Management LP is an $8 billion leading alternative asset manager headquartered in Toronto, Canada. The company manages the Sprott family of mutual funds, hedge funds, specialty products, and passive products. The company also manages discretionary managed accounts.
A wholly owned subsidiary of Sprott Inc., Sprott Asset Management is an investment manager dedicated to achieving outstanding returns for its investors over the long term. With a history dating back to 1981, Sprott has a team of leading investment professionals that think independently and have the courage to act on their convictions. Sprott's clients include individual and high-net-worth investors as well as institutions, endowments, foundations and family offices.
Please visit www.sprott.com to learn more about Sprott's award-winning investment professionals and their market insights.
About B2B Bank
B2B Bank is a leading provider of banking products to more than 27,000 financial advisors and brokers across Canada. Through the professional advisor and broker channels, it offers a broad range of products and services to consumers including: investment, RSP and TFSA loans, mortgages, GICs, banking services and investment accounts and services through B2B Bank Dealer Services. B2B Bank is proudly dedicated to serving the needs of its clients and it continues to provide innovative products and solutions that help advisors and brokers build rewarding relationships with their clients.
B2B Bank is a Schedule I bank with $12.9 billion in consumer deposits, $11.6 billion in loans and mortgages, and $35.2 billion in assets under administration. B2B Bank is a member of industry associations serving the financial community and is also a member of the Canada Deposit Insurance Corporation (CDIC). For more information please visit b2bbank.com.
SOURCE Sprott Asset Management LP
Image with caption: "Sprott Asset Management LP (CNW Group/Sprott Asset Management LP)". Image available at: http://photos.newswire.ca/images/download/20161205_C8400_PHOTO_EN_831073.jpg
For further information: Information: Sprott Asset Management: Serge Fouchaux, Vice President, National Accounts, Tel: 416-943-4380, firstname.lastname@example.org; B2B Bank: Hélène Soulard, Assistant Vice President, Communications, Tel: 647-826-7979, email@example.com; Press Inquiries: Goldman Communications: Keera Hart, Senior Account Director, Tel: 416-322-2863, firstname.lastname@example.org