IA Clarington Investments explained

IA Clarington Investments Inc.
Type:Private (wholly owned subsidiary of iA Financial Group)
Industry:Financial services
Founded:1996
Founder:Terry Stone, Adrian Brouwers and Sal Tino
Hq Location City:Toronto, Canada
Key People:Catherine Milum,
Chief Executive Officer
Nancy Cappadocia,
Vice-President, Finance & Chief Financial Officer
Dolores Di Felice,
Vice-President, Chief Legal Counsel
Products:Mutual funds,
Portfolio solutions
Exchange-traded funds
Socially responsible investments
Num Employees:200
(as at September 30, 2020)
Aum: $17.2 billion
(as at December 31, 2022)

IA Clarington Investments Inc. is an investment management firm catering to the Canadian retail market.[1] A wholly owned subsidiary of iA Financial Group (TSX: IFG), the company sells various products, including mutual funds, portfolios, exchange-traded series of mutual funds, segregated funds and socially responsible investments.[1] Except for its exchange-traded series, iA Clarington products can only be purchased through licensed, third-party financial advisors.[1]

History

The company was founded in 1996 by Terry Stone, Adrian Brouwers and Sal Tino as Clarington Corporation, and operated principally through its wholly owned subsidiary, ClaringtonFunds Inc.[2] In December 2003, Clarington Corporation went public.[2] In 2005, it was acquired by iA Financial Group,[3] which rebranded the Clarington funds, along with existing Industrial Alliance mandates, under the iA Clarington Investments name.[4]

List of Portfolio Managers

iA Clarington funds are managed by either in-house portfolio managers or external sub-advisors. The following list[1] is as at January 31, 2023:

See also

Notes and References

  1. Web site: IA Clarington Investments Inc. Simplified Prospectus (via SEDAR) . 15 June 2020.
  2. News: Clarington Corporation Prices Initial Public Offering . 2 December 2003 . Bloomberg.
  3. News: Clarington, Industrial Alliance agree to friendly takeover . Investment Executive . 7 November 2005.
  4. News: IA Clarington aligns fund names and launches new brand image . Investment Executive . 10 July 2020.
  5. Web site: iA Global Asset Management Inc.. iaclarington.com . 31 January 2023.
  6. Web site: QV Investors . qvinvestors.com . 11 November 2020.
  7. Web site: About Us - Vancity Investment Management . vcim.ca . 31 January 2023.
  8. Web site: About Us - Wellington Square . www.wsqadvisors.com . 31 January 2023.