Press Releases

Stone Asset Management Limited Announces Investment Manager Change for Stone American Dividend Growth Fund and Stone American Dividend Growth Fund (Corporate Class)

TORONTO, Aug. 30, 2019 (GLOBE NEWSWIRE) — Stone Asset Management Limited (“SAM”) announced today that effective September 1, 2019, the Stone American Dividend Growth Fund and Stone American Dividend Growth Fund (Corporate Class) (“the “Funds”) will be managed by SAM’s in-house portfolio management team. The Funds are currently managed by SEAMARK Asset Management Ltd. (“SEAMARK”), who were the managers at the time of the acquisition of the Funds from Marquest Asset Management Limited in December 2018. Notice of the upcoming manager change was included in the Funds’ prospectus and annual information form dated June 28, 2019. The Funds’ mandate and all other features and benefits will remain unchanged.

“We thank SEAMARK for their willingness to stay on as manager while SAM completed our due diligence to bring the Funds’ management in house,” said Richard Stone, SAM’s Chief Investment Officer. “During that review, we were impressed by SEAMARK’s other service offerings.“

Separately, SEAMARK and SAM have entered into an agreement whereby SEAMARK will manage the core fixed income mandate for the accounts on SAM’s Separately Managed Accounts (SMA) platform. SEAMARK CEO, Robert McKim commented: “We believe that the SEAMARK core fixed income mandate is an excellent fit for SAM’s SMA clients. We welcome the opportunity to work closely with the SAM team, and provide field support for this fixed income mandate.”

About SEAMARK
SEAMARK Asset Management has provided investment management services for over 30 years with a focus on preserving and enhancing clients’ assets over the long-term. Since its inception in 1982, experienced and accessible investment professionals have followed a team-based process that consistently applies clearly articulated investment principles to meet each client’s objectives. SEAMARK offers its services to institutional and private clients across Canada.

About SAM
SAM is a wholly-owned subsidiary of Stone Investment Group Limited, an independent Canadian-owned wealth management company. SAM provides investment management services via distinctive investment mandates, overseen daily by the disciplined execution of a proprietary investment process and investment philosophy. Access to SAM investment mandates can be achieved via a family of open-ended mutual funds, a pooled fund, and Private Wealth Management services. SAM’s expertise ranges from servicing Canada’s retail investors and working with their financial advisors to the complexities of working directly with Family Offices, endowments and foundations. At Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

For more information:
Stone Investment Group Limited
Jason Stone, Investor Relations
T 416 867 2533  T 800 336 9528 x4429
E jasons@stoneco.com  www.stoneco.com


Stone Investment Group Limited Reports Third Quarter Results

TORONTO – August 22, 2019 – Stone Investment Group Limited released its unaudited financial results for the quarter ended June 30, 2019.

The full interim financial statements for the period, including Management’s Discussion and Analysis, are available on SEDAR at www.SEDAR.com.

About Stone Investment Group Limited
Stone Investment Group Limited is an independent wealth management company.  Stone Investment Group Limited, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533  T 800 336 9528
E jasons@stoneco.com  www.stoneco.com


Stone Asset Management Limited Announces Mutual Fund Name Change for the Stone Monthly Pay Fund

TORONTO, July 08, 2019 (GLOBE NEWSWIRE) — Stone Asset Management Limited (“SAM”), the investment fund manager and portfolio manager of the Stone Mutual Funds, announces a name change for the Stone Monthly Pay Fund.

The Fund has been renamed the “Stone Dividend Yield Hog Fund”. The Fund’s portfolio is managed based on earning income with a focus on maximizing yield to benefit investors, and the new name better reflects this objective. All other features and benefits of the Fund are unchanged.

The name change was effective on the renewal of the simplified prospectus and annual information form dated June 28, 2019.  A copy of the Fund’s prospectus is available on SAM’s website at www.stoneco.com.

About SAM

SAM is a wholly-owned subsidiary of Stone Investment Group Limited, an independent Canadian-owned wealth management company. SAM provides investment management services via distinctive investment mandates, overseen daily by the disciplined execution of a proprietary investment process and investment philosophy.  Access to SAM investment mandates can be achieved via a family of open-ended mutual funds, a pooled fund, and Private Wealth Management services. SAM’s expertise ranges from servicing Canada’s retail investors and working with their financial advisors to the complexities of working directly with Family Offices, endowments and foundations. At Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533  T 800 336 9528 x4429
E jasons@stoneco.com  www.stoneco.com


Stone Asset Management Limited Announces Mutual Fund Risk Rating Changes

Toronto (June 3, 2019) – Stone Asset Management Limited (“SAM”), the investment fund manager and portfolio manager of the Stone Mutual Funds, announced today the changes to the risk ratings of some of the Funds as set out below:

Fund name Previous rating New rating
Stone Select Growth Class High Medium to high
Stone Growth Fund Medium Low to medium
Stone Monthly Pay Fund Medium Low to medium
Stone Covered Call Canadian Banks Plus Fund Medium Low to medium
Stone Covered Call Canadian Banks Plus Fund (Corporate Class) Medium Low to medium
Stone Small Companies Fund High Medium to high
Stone American Dividend Growth Fund Medium Low to medium
Stone American Dividend Growth Fund (Corporate Class) Medium Low to medium

 

The methodology used by SAM to identify the investment risk level of each Fund within the Stone Mutual Funds is in accordance with the standardized Risk Classification Methodology mandated by the Canadian Securities Administrator. SAM reviews the risk rating for each Fund at a minimum on an annual basis, as well as when a Fund undergoes a material change. These changes are the result of an annual review and are not the result of any changes to the investment objectives, strategies or management of the Stone Mutual Funds. A summary of this methodology and the investment objectives and strategies of each Fund can be found in the Fund’s prospectus, which is expected to become available on or about June 30, 2019.

About SAM
SAM is a wholly-owned subsidiary of Stone Investment Group Limited, an independent Canadian-owned wealth management company. SAM provides investment management services via distinctive investment mandates, overseen daily by the disciplined execution of a proprietary investment process and investment philosophy. Access to SAM investment mandates can be achieved via a family of open-ended mutual funds, a pooled fund, and Private Wealth Management services. SAM’s expertise ranges from servicing Canada’s retail investors and working with their financial advisors to the complexities of working directly with Family Offices, endowments and foundations. At Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533 T 800 336 9528 x4429
E jasons@stoneco.com www.stoneco.com


Sone Investment Group Reports Second Quarter Results

TORONTO – May 29, 2019 – Stone Investment Group Limited released its unaudited financial results for the quarter ended March 31, 2019.
The full interim financial statements for the period, including Management’s Discussion and Analysis, are available on SEDAR at www.SEDAR.com.

bout Stone Investment Group Limited
Stone Investment Group Limited is an independent wealth management company. Stone Investment Group Limited, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2536 T 800 336 9528
E jasons@stoneco.com www.stoneco.com


Stone Investment Group Limited Reports First Quarter Results

TORONTO, Feb. 22, 2019  — Stone Investment Group Limited released its unaudited financial results for the quarter ended December 31, 2018.

The full interim financial statements for the period, including Management’s Discussion and Analysis, are available on SEDAR at www.SEDAR.com.

About Stone Investment Group Limited
Stone Investment Group Limited is an independent wealth management company.  Stone Investment Group Limited, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2536  T 800 336 9528
E jasons@stoneco.com  www.stoneco.com


Stone Investment Group Limited Reports Annual Results

TORONTO – January 28, 2019 – Stone Investment Group Limited released its audited financial results for the year ended September 30, 2018.

The full financial statements for the year, including Management’s Discussion and Analysis, are available on SEDAR at www.SEDAR.com.

About Stone Investment Group Limited
Stone Investment Group Limited is an independent wealth management company.  Stone Investment Group Limited, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2536  T 800 336 9528
E jasons@stoneco.com  www.stoneco.com


Stone Asset Management Limited Announces Closure of Six Former Marquest Funds

TORONTO — January 14, 2019 — Stone Asset Management Limited (“SAM”), the Trustee and Manager of the Funds, recently announced plans to terminate operations of six retail mutual funds. The closures will occur on or about March 20, 2019, for the following Funds:

Stone Canadian Bond Fund – formerly Marquest Canadian Bond Fund
Stone Money Market Fund – formerly Marquest Money Market Fund
Stone Short Term Income Fund (Corporate Class) – formerly Marquest Short Term Income Fund (Corporate Class)
Stone Canadian Resource Fund – formerly Marquest Canadian Resource Fund
Stone Canadian Resource Fund (Corporate Class) – formerly Marquest Canadian Resource Fund (Corporate Class)
Stone Monthly Pay Fund (Corporate Class) – formerly Marquest Monthly Pay Fund (Corporate Class)
(collectively, the “Funds”)

The decision to terminate was made in consideration of each Fund’s small asset size, limited demand from new investors and high fund operating expenses borne by investors making it uneconomic to fulfill the Fund’s objective.

“The goal of the Marquest acquisition was to expand investment options for investors under the SAM investment management philosophy, which is rooted in integrity and always doing the right thing for investors,” said Founder and Chief Executive Officer, Richard Stone. “We believe the termination of these Funds is in the best interest of the existing unitholders.”

Notifications to investors in these Funds will be sent out in January 2019. Investors have the option of switching to units of a different Stone Fund, redeeming or transferring to reinvest in another group of funds, or redeeming for cash. Investors will not be required to pay any redemption fees, sales charges or other fund fees associated with the termination of the Fund.

Investors in these Funds are encouraged to speak to their Financial Advisor regarding their investment options and to determine any tax implications associated with redeeming units of the Funds.

About Stone
Stone Investment Group Limited is an independent, Canadian-owned wealth management company and the parent company to its wholly owned subsidiary, Stone Asset Management Limited (“SAM”). SAM is an active asset manager, providing investment management services via distinctive investment mandates, overseen daily by the disciplined execution of a proprietary investment process and investment philosophy. Access to SAM investment mandates can be achieved via a family of open-ended mutual funds, a pooled fund, and Private Wealth Management services. SAM’s expertise ranges from servicing Canada’s retail investors and working with their financial advisors to the complexities of working directly with Family Offices, endowments and foundations.

At Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact:
Jason Stone, Vice President National Accounts
1 800 336 9528 x4429
jasons@stoneco.com


Stone Investment Group Limited Completes Acquisition of Marquest Asset Management Inc. Retail Mutual Funds

TORONTO — December 7, 2018 —Stone Investment Group Limited (“Stone”) is pleased to announce that the firm has completed the transaction to acquire the management contracts of certain of the Marquest Asset Management Inc. (“Marquest”) retail mutual funds, as listed below:

Marquest Monthly Pay Fund
Marquest American Dividend Fund
Marquest Covered Call Canadian Banks Plus Fund
Marquest Global Balanced Fund
Marquest Canadian Resource Fund
Marquest Small Companies Fund
Marquest Canadian Bond Fund
Marquest Money Market Fund
Marquest Monthly Pay Fund (Corporate Class)
Marquest American Dividend Growth Fund (Corporate Class)
Marquest Covered Call Canadian Banks Plus Fund (Corporate Class)
Marquest Canadian Resource Fund (Corporate Class)
Marquest Short Term Income Fund (Corporate Class)

(collectively, the “Funds”).

The transaction closed on December 6, 2018 subsequent to the receipt of regulatory and securityholder approvals.

“Stone could not be more excited about this acquisition because many of these Funds are an excellent complement to our Pure Total Return® and Pure Growth® mandates,” said Stone Founder and Chief Executive Officer, Richard Stone. “Through our firm’s disciplined investment process, we can create additional value for investors and advisors by expanding Stone’s Fund family within a framework that aligns with our values and expertise.”

Former Marquest Unitholders and Advisors with client holdings are encouraged to contact us for more information about the benefits of their new relationship with Stone.

About Stone Investment Group Limited
Stone Investment Group Limited is an independent, Canadian-owned wealth management company and the parent company to its wholly owned subsidiary, Stone Asset Management Limited (“SAM”). SAM is an active asset manager, providing investment management services via distinctive investment mandates, overseen daily by the disciplined execution of a proprietary investment process and investment philosophy. Access to SAM investment mandates can be achieved via a family of open-ended mutual funds, a pooled fund, and Private Wealth Management services. SAM’s expertise ranges from servicing Canada’s retail investors and working with their financial advisors to the complexities of working directly with Family Offices, endowments and foundations.

At Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact

Stone Investment Group Limited
Jason Stone, Vice President National Accounts
1 800 336 9528 x4429
jasons@stoneco.com


Stone Investment Group Limited Reports Changes to the Board of Directors

TORONTO – October 4th, 2018

Stone Investment Group Limited reports that two new appointees, Mr. Hari Panday and Mr. Mark Lerohl have been appointed as independent directors to fill two vacancies resulting from the resignations of directors Christopher Kruczynski and John Juhlke.  The appointees will serve and will submit their names for nominations to continue as directors at the upcoming Annual Meeting of Shareholders.

Mr. Panday, as the Founding President and CEO, led the establishment and operations of ICICI Bank Canada as a full-service Canadian chartered bank, reaching an asset-base of $4 billon, with a Pan-Canada client base of retail and corporate customers. Concurrently, he led ICICI Bank Group’s wealth management and securities businesses in North America.

Prior to ICICI Bank, he held executive roles with HSBC Bank Canada, Bank of Montreal and Price Waterhouse Coopers.

Currently, he is the Chairman of the Board at Pro-Demnity Insurance Company and Vice-Chairman of the Board, Tarion Warranty Corporation.  In the past, he served on the boards of ICICI Bank Canada, ICICI Wealth Management Inc., ICICI Securities (USA), Avalon Advanced Materials Inc. (TSX/NYSE) and Canadian Securities Exchange (CSE, formerly CNSX).

He holds the professional accounting designations of FCPA, FCGA and earned the ICD.D designation.

Mark Lerohl is Founder and President of Radar Capital (October 2013 to present), a private investment firm focused on making growth equity investments. Prior to that he spent over 20 years in the finance industry, with an emphasis on investment banking.

Mark is also a Director of Quantum International Income Corp., a Canadian public company listed on the TSX Venture Exchange as well as a number of companies in which Radar Capital has invested.

Mark holds an MBA from the Ivey Business School at Western University, and a BSc. in math and economics from the University of Alberta. He is also a CFA Charterholder.

About Stone Investment Group Limited
Stone Investment Group Limited is the parent company to Stone Asset Management Limited. Stone Asset Management Limited is an active asset manager, providing investment management services via distinctive investment mandates, overseen daily by the disciplined execution of a proprietary investment process and investment philosophy. Access to Stone investment mandates can be achieved via a family of open-ended mutual funds, a pooled fund, and Private Wealth Management services. Stone’s expertise ranges from servicing Canada’s retail investors and working with their financial advisors, to the complexities of working directly with Family Offices, endowments and foundations.

 

For more information:

Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533 T 800 336 9528 x4429
E jasons@stoneco.com www.stoneco.com


Stone Co