News

Knowledge First Financial Acquires Heritage Education Funds - January 17th, 2018

The team at Yorkville Asset Management Inc. would like to extend a Happy New Year and well wishes to all clients, advisors, and friends for 2018. 

On January 3rd, 2018, a press release (https://www.heritageresp.com/knowledge-first-press-release) was released announcing the sale of Heritage Education Funds RESP (Heritage RESP) to Knowledge First Financial (KFF). We at Yorkville feel that this is a positive change that will create a dominant national RESP organization, serving a broader range of Canadians combining the skills and experiences of two successful companies.

The sale only involves Heritage’s RESP business, and does not involve the parent company, Heritage Financial Group Limited (HFGL), and its other business interests. These interests include an equity investment in Yorkville, to which HFGL continues to be an important and valued partner.

Yorkville has maintained a shared service arrangement with Heritage for many non-core logistical functions, and we are making some changes today to transition these services (i.e., IT, accounting, etc.) onsite. The team at Yorkville is actively managing these adjustments, and is well-prepared for the changes to come.

Looking forward, 2018 will be a productive and busy time for Yorkville, as we continue to support our Private Client service offerings, Mutual Fund business, and new ventures. We are rapidly growing our asset base, which will require the continued expansion of our capable professional team, and the development of new offices. As always, we are committed to providing great service and clear communication to our clients. Please do not hesitate to contact us with any questions you may have.  

Again, we wish you all the best for 2018.

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