BonaVista’s parent, Phillips, Hager & North Investment Management Ltd. (PH&N), joined forces with RBC Asset Management (a wholly-owned subsidiary of Royal Bank of Canada), effective May 31, 2008. The Royal Bank is the leading financial services company in Canada, with global capabilities in wealth management and capital markets.
With this transaction, BonaVista gains access to RBC's significant resources and capabilities. That said, our people, culture, organizational structure, investment processes and fee structure remain unchanged. It's business as usual for BonaVista in terms of our high quality client service and our signature/proprietary investment disciplines that have delivered consistent long-term results for years…and we look forward to continuing to earn our clients'/your trust in this way for many more years to come. As always, please contact us directly if you have any questions.