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| Press Release

Foster & Associates and Stone Asset Management Team Up To Tackle the Advice Gap

TORONTO, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Foster & Associates (Foster) and Stone Asset Management Limited (SAM) are delighted to announce a new exclusive partnership whereby Foster clients can seamlessly take advantage of SAM’s institutional-quality portfolio management, all within their existing Foster accounts.

“One of the biggest challenges for middle-class Canadians has been to attract the attention of quality money managers, without having seven-figure investment portfolios,” says Christopher Foster, CEO of Foster.  “With the big bank-owned firms pushing everyone except the super-wealthy back into the bank branches, it’s tough to get someone to take the time to customize a solution across a family’s retirement and taxable accounts.  By partnering with SAM, Foster will help make truly bespoke service within reach for normal Canadians.”

SAM’s mantra is Sleep Well and accordingly its defining investment thesis is Growth at a Reasonable Price.  They provide clients access to an active portfolio manager with a disciplined investment process, seeking to assist investors by growing their net worth and providing income.  SAM’s two key mandates are Pure Growth® and Pure Total Return® and, depending on the risk tolerance and tax circumstances of the individual, their assets will be carefully allocated between the two. 

“We agree with Foster’s outlook that middle-class Canadians deserve both in-depth investment advice and disciplined portfolio management. Our partnership with Foster is an excellent opportunity for investors to benefit from receiving these two complementary services,” says SAM’s Founder and Chief Investment Officer, Richard Stone.

Foster regards this type of solution as the next big growth area for Canadian investors.  It offers institutional-quality money management, with the service and attention of an IIROC investment advisor, all with the safety and security that comes with Foster’s custodian, the National Bank Independent Network.

Stone Asset Management Limited is a Toronto-based Ontario Securities Commission registered Portfolio Manager and Mutual Fund Dealer.  To contact SAM:

#901 – 40 University Avenue
Toronto, ON  M5J 1T1
tel: 416-364-9188 
toll-free 800-336-9528

Foster & Associates Financial Services Inc. is a Toronto-based IIROC registered Investment Dealer.  To contact Foster:

#1100 – 372 Bay Street
Toronto, ON  M5H 2W9

tel. 416-369-1980
toll-free 1-800-559-8853

The material contained herein is for information purposes only. This material is not intended to be relied upon as a forecast, research or investment advice, and is not to be construed as an offer or solicitation for the sale or purchase of securities or as a recommendation for you to engage in any transaction involving the purchase of any Foster or SAM product. Investors should carefully consider the risks of investing in light of their investment objectives, risk tolerance and financial circumstances.      

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