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Foresters Financial to streamline asset management biz

Foresters Financial Services Inc. will combine its units Foresters Asset Management Inc. and Foresters Financial Investment Management Co. of Canada Inc., effective Jan. 1, 2018.

The move will streamline Foresters Financial's Canadian asset management business, simplifying its corporate structure and governance and creating operational efficiency, the company said.

The combined entity will retain the Foresters Asset Management name.

Additionally, the combined company will perform the sub-advisory services currently provided by Clairwood Capital Management Inc. regarding the equity portion of the portfolios of the imaxx Canadian Dividend Plus Fund, imaxx Canadian Fixed Pay Fund, imaxx Equity Growth Fund and imaxx Global Equity Growth Fund.

Foresters Financial and Foresters are trade names and trademarks of Independent Order of Foresters.