NEO Connect Eclipses $200 Million in AUM of Transacted Funds

TORONTO--()--Aequitas NEO Connect (“NEO Connect”), Canada’s new fund distribution platform, is proud to announce that the assets under management (AUM) of funds transacted on it has exceeded the $200 million mark, as of June 2017. NEO Connect, which allows investors and advisors to purchase and redeem both prospectus and private/Offering Memorandum (OM) funds as simply and efficiently as it is to trade ETFs, achieved this milestone shortly after its one-year anniversary of operational launch in May 2016.

“We look forward to a continued partnership with NEO.”

“We are pleased to reach this milestone in such a short period of time as it affirms our commitment to meet the needs of Canadian investors with innovative technological solutions,” said Jos Schmitt, President & CEO, NEO. “Together with Invesco, we pioneered a game-changing solution that recognizes and satisfies investors’ desire for lower-cost, fee-based products, and provides portfolio managers and investment advisors with a first of its kind platform to access investment products not listed on an exchange with the same ease and efficiency as trading ETFs or publicly listed stocks. Ultimately, NEO Connect saves money for investors, makes transactions more efficient for advisors and dealers, and gives fund manufacturers choice in distribution. NEO Connect is a perfect example of what the NEO Group is all about: understanding what the industry challenges are and delivering real working solutions.”

NEO Connect first launched with Invesco Canada Ltd. (“Invesco”) Platform Traded Funds (PTFs), with 46 PTFs now available on the platform. NEO Connect is open to all fund manufacturers and recently welcomed a new fund manufacturer who brought two OM funds online.

“PTFs were an industry breakthrough bringing a new type of solution to the retail asset space that addresses the realities of our industry. NEO Connect allows investors access to actively managed products with enhanced efficiency and cost savings,” said Peter Intraligi, President, Invesco Canada. “We look forward to a continued partnership with NEO.”

NEO Connect currently has 12 dealers active on the platform, collectively placing an average of 150 – 200 transactions per week.

“We leverage NEO Connect to provide access to actively managed products at a lower cost. This allows advisors with fee-based accounts to reduce fund fees while ultimately improving portfolio performance,” added Paul Adair, Director and Portfolio Manager, Products and Services, Richardson GMP. “We have seen immense interest in these products from our advisors as they look for new ways to service fee-based accounts. We look forward to more products becoming available on NEO Connect so we can build out what we make available on our product shelf.”

Access to NEO Connect is available at no cost for all Canadian investment dealers and an initial test trade can be organized and executed within 24 hours. The seamless onboarding process has fund manufacturers set up to process transactions in no time. To arrange a test or learn more, contact the investor helpline toll-free at 1-844-567-6424 or visit:

About NEO Connect

NEO Connect is Canada’s new fund distribution platform launched in May 2016 and built by the innovation arm of Aequitas Innovations. Aequitas is also the parent company of the NEO Exchange, a new Canadian stock exchange using a bold new blueprint that puts investors, capital-raising companies and dealers first. Aequitas Innovations was founded by a diverse group of prominent investors representative of all Canadian capital market stakeholders. For more information, please visit:

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Adam Bornstein, 905-505-2540

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