Norrep Capital Management Ltd. and B2B Bank Have Signed a Distribution Agreement
September 05, 2017
Toronto, September 5, 2017 - Norrep Capital Management Ltd. (Norrep) and B2B Bank have signed a distribution agreement that will allow Canadian investors, through their advisors, to invest in Norrep mutual funds utilizing investment loans at a preferred loan rate. The loan program is now exclusively available to advisors.
"This preferred rate loan program provides an alternative solution for advisors and their clients to allocate Norrep mutual funds into their portfolio,” says Wan Kim, Senior Vice President National Sales & Marketing, Norrep. “This is a great opportunity and consistent with our goal of actively pursuing long-term and sustainable wealth for our clients.”
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 clients’ wealth.
"We are pleased to launch this new Distribution Alliance Investment Loan Program with Norrep Capital Management Ltd." says Donald King, Senior Vice President, Distribution at B2B Bank. "This agreement allows advisors to offer their clients access to the Norrep mutual fund lineup at lower borrowing rates. We are proud to offer innovative lending programs, such as this one, that combines excellent products and services with superior rates."
About Norrep Capital Management Ltd.
For over 20 years, Norrep Capital Management Ltd. has been one of Canada’s leaders in actively managed investment products. With an in-house Portfolio Management team and a family of actively managed funds, Norrep has earned multiple awards to recognize its investment success. Norrep Capital Management Ltd. is a Canadian investment firm with offices in Calgary and Toronto.
Please visit http://www.norrep.com for more details about Norrep Investments.
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 https://b2bbank.com.
For further information:
Norrep Capital Management Ltd.
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Wan KimSenior Vice President, National Sales & Marketing
Wan is Senior Vice President, National Sales & Marketing at NCM Investments. Prior to joining NCM, Wan was at a large financial institution where he managed the external wholesalers supporting over 27,000 active financial advisers in all channels (IIROC, MFDA,…
Senior Vice President, National Sales & Marketing
Wan is Senior Vice President, National Sales & Marketing at NCM Investments. Prior to joining NCM, Wan was at a large financial institution where he managed the external wholesalers supporting over 27,000 active financial advisers in all channels (IIROC, MFDA, AMF, and MGAs). Prior to that, Wan led the sales teams at three other national mutual fund companies where he held the role of Senior Vice President, National Sales.
Wan has been actively involved in the creation and successful launch of various Mutual Funds, Closed-End Funds, Flow-Through Limited Partnerships and other structured products. He has also served as a director on various Flow-Through Limited Partnerships and TSX-listed Closed-End Funds. Wan joins NCM with over 20 years of experience in the investment industry.
Notice to Reader:
Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management’s control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.