C$ unless otherwise stated
OAKVILLE, ON, April 30,
2024 /CNW/ - Manulife Wealth* has announced it
completed the conversion of the Manulife Wealth advisor platform to
uniFide®, Fidelity Clearing Canada ULC's (FCC) leading
advisor technology and back- office operations platform. As part of
its goal to become the leading provider of wealth management
solutions to Canadians, Manulife Wealth has empowered
advisors with new tools and resources to deliver an even better
experience for their clients.
All Manulife Wealth advisors are now operating in the new FCC
environment and have access to a comprehensive suite of digital
tools which enables them to streamline their processes by
digitizing administrative tasks to improve their efficiency,
freeing up more time for even more meaningful client
conversations and growing their businesses.
In addition to this important upgrade to the platform for
advisors and their clients, Manulife Wealth also completed the
launch of enhanced portfolio management and trading tools through a
partnership with Envestnet. This new technology will bring robust
client reporting, efficient workflow management, and account
reporting and analytics.
"We are pleased with the progress and the implementation of
these critical technology upgrades. Our teams have been
unwaveringly dedicated to bringing this transformation to life and
ushering in a new era for our advisors and clients. This is just
the beginning of Manulife Wealth's journey to enhance the advisor
and client experience, and additional initiatives to empower
advisors and enhance their businesses are planned to come to life
this year," said Leo Zerilli, Head
of Wealth and Asset Management, Canada, Manulife Investment Management.
These significant investments in technology reflect Manulife
Investment Management's mission to grow its advice businesses in
Canada and help make investors'
decisions easier by improving the overall quality of interactions
and processes for both advisors and their clients.
"We have had a milestone year completing the amalgamation of our
two dealers – and the launch of our new brand, Manulife Wealth,
which better reflects the value of advice and services we offer –
on top of the technology migration and the changes that has
entailed for our internal teams and our advisors," added
Richard McIntyre, President and CEO,
Manulife Wealth. "We are delighted with the advancements made in
line with our strategic vision for our wealth management business.
We believe that advisors, and their clients, will experience
significant benefits from these enhancements and we appreciate the
patience they have had with us through the implementation of these
important upgrades to our advice delivery model."
Manulife Wealth works with more than 1,000 advisors across
Canada. As part of one of Canada's largest financial services firms,
it's well-positioned to be a leading provider of choice to
Canadians seeking financial advice and holistic wealth planning.
Today, one in four Canadians uses a Manulife
solution.1
For more information about Manulife Wealth please click
here.
* As of January 1,
2024, Manulife Securities officially changed its name to Manulife
Wealth. The two companies that made up Manulife Securities
(Manulife Securities Incorporated, an investment dealer, and
Manulife Securities Investment Services Inc., a mutual fund dealer)
were amalgamated to form one new dual–registered firm,
Manulife Wealth Inc. Furthermore, and as a result of the name
change, we have updated Manulife Securities Insurance Inc.
to Manulife Wealth Insurance Services Inc.
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1. As of December 31,
2022, Manulife Corporate calculation based on assumptions:
7,162,631 Manulife customers in Canada Market (all business units)
compared to total Canadian population 18+ at 31,615,827 Statistics
Canada (Add/Remove data - Population estimates on July 1, 2022, by
age and sex (statcan.gc.ca)).
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About Manulife Investment
Management
Manulife Investment Management is the brand for the global
wealth and asset management segment of Manulife Financial
Corporation. Our mission is to make decisions easier and lives
better by empowering investors for a better tomorrow. Serving more
than 17 million individuals, institutions, and retirement plan
members, we believe our global reach, complementary businesses, and
the strength of our parent company position us to help investors
capitalize on today's emerging global trends. We provide our
clients access to public and private investment solutions across
equities, fixed income, multi-asset, alternative, and
sustainability-linked strategies, such as natural capital, to help
them make more informed financial decisions and achieve their
investment objectives. Not all offerings are available in all
jurisdictions. For additional information, please visit
manulifeim.com.
Manulife and Envestnet are separate and unaffiliated firms. This
material should not be construed as a recommendation or endorsement
of any particular product, service, individual or firm.
SOURCE Manulife Investment Management