Phillips, Hager & North launches new direct-to-investor
brand: PH&N Investment Services
VANCOUVER, February 11, 2010 — Phillips,
Hager & North (PH&N) today announced the launch of
its new brand "PH&N Investment Services" for
its direct-to-investor business. PH&N Investment Services
provides a unique service offering for Canadian investors,
based on low-fee funds, personalized service and advice, and
online tools that empower investors to build and manage a
portfolio tailored to their needs.
"Canadian investors have typically chosen between a
discount brokerage and a full service advice offering, but
for some these options may not best suit their needs,"
said Mark Neill, head of PH&N Investment Services. "We
bring something different to the marketplace - our service
is ideally suited for fee-conscious investors who are looking
to manage and maintain their own investments but also want
the comfort of professional advice when they need it."
Investors can now choose amongst the full range of PH&N
Funds and RBC Funds®, in both cases accessing Series D
units that offer direct-to-investor pricing, no loads and
no transaction fees. Series D units of PH&N Funds and
RBC Funds® have some of the lowest fees of all actively
managed mutual funds in Canada. "We believe that investors
who manage their own investment portfolios should pay lower
fees as a result," said Neill.
To complement the advice provided by our Investment Funds
Advisors, a suite of new online tools is available to help
investors compare investment options and customize their portfolios
to meet their needs. The new tools include an investor profiler,
portfolio builder module and an MER comparison calculator.
These tools are available to the public at www.phn.com.
"Investors have placed their trust in PH&N since
1964, recognizing our exceptional service, trusted advice
and low fees to our clients - clients that have helped us
grow through word-of-mouth recommendations and referrals,"
said Neill. "With the launch of the PH&N Investment
Services brand and enhanced service offering, we will continue
to provide the exemplary services our clients have come to
expect and invite new investors to experience the same."
For more information, please contact us at 1-800-661-6141
or visit us at www.phn.com.
About PH&N Investment Services
and RBC Global Asset Management
PH&N Investment Services (PH&N IS) provides investment
solutions and advice to Canadian investors. PH&N IS is
the branded entity representing Phillips, Hager & North
Investment Funds, part of Phillips, Hager & North (PH&N).
PH&N is a wholly owned subsidiary of the Royal Bank of
Canada (RBC) and a part of RBC Global Asset Management (RBC
GAM), which also comprises RBC Asset Management Inc. (RBC
AM) and RBC Global Asset Management (U.S.) Inc. Combined,
RBC GAM's component companies manage approximately $200 billion
in assets in Canada and the United States, including nearly
$100 billion in IFIC-reported mutual fund assets in Canada.
RBC AM won the Lipper Awards for "Best Bond Fund Family"
in 2009 and "Best Overall Fund Group" in 2007 and
2008; PH&N won for "Best Bond Fund Family" in
2007 and 2008. Website: www.rbcgam.com.
About RBC Wealth Management
RBC GAM is part of RBC Wealth Management, which directly serves
affluent and high net worth clients in Canada, the United
States, Latin America, Europe and Asia with a full suite of
investment, trust and other wealth management solutions. The
business also provides asset management products and services
directly, through its RBC Global Asset Management division,
and through RBC and third-party distributors to institutional
and individual clients. RBC Wealth Management has more than
C$500 billion of assets under administration, over C$245 billion
of assets under management and more than 4,500 financial consultants,
advisors, private bankers and trust officers. RBC Wealth Management
was recognized as the Best North American based Wealth Manager
by Private Banker International in October 2009.
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For more information, please contact:
Yen To,
RBC Global Asset Management Communications,
416-955-5916
Matt Gierasimczuk,
RBC Media Relations,
416-974-2124
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