Transcend marks one-year anniversary with launch of new fixed income fund

TORONTO, ON, November 15, 2017 — Last September marked the launch of the revolutionary Pay-for-Performance™ fee model from wealth management company Transcend. Under direction of its parent company, Provisus Wealth Management, Transcend’s novel approach means clients only pay a nominal amount, unless performance results are above the industry benchmark. This model will also be applied to the new fixed income fund called the Multi-Strategy High Yield Fixed Income Fund.   

 

“This fund offers investors a secure alternative investment that yields better results than a bond or GIC,” said Chief Executive Officer, Chris Ambridge. “We are offering Canadians a reliable fund with low risk, based on our company philosophy that you only pay if the results are better than the benchmark,” Ambridge said.

 

The new fund will be Canadian-centric and diversified in terms of assets through active management. It will consist of corporate bonds, convertible bonds, preferred shares, income trusts, REIT’s, mortgages, secured real estate and infrastructure projects, as well as alternative investment strategies and hedge funds.  The investment strategy will be focused on a short to mid-term structure, similar to a five-year GIC. 

 

Investors using the Multi-Strategy High Yield Fixed Income Fund won’t pay anything above basic management costs until the fund outperforms the benchmark. In this case, the benchmark is comprised of 50 per cent from the FTSE Short Bond Index and 50 per cent from the FTSE Mid Bond Index.

 

“We have had very open conversations with advisors and investors on our track-record, why our company fee model defies the norm and why our service beats the competition,” said Ambridge. “Many of our employees have been with the company since its infancy and through a period of tremendous growth. Our parent company Provisus Wealth Management was just awarded its fourth consecutive prestigious PROFIT 500 Ranking.”

 

The firm is committed to offering Canadian investors a fair and transparent fee. Last year, Transcend made headlines in the investment world for its Pay-for-Performance™ model, one of the first of its kind in Canada. 

 
 

Transcend was created by Provisus Wealth Management Limited to offer Canadians flexible financial planning services. Transcend provides a Pay-for-Performance™ service delivering sophisticated investment management for a low cost. Provisus manages $450 million in private client assets and has been offering investment management services since 2007.