TD Bank 2001 Annual Report Download - page 16

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14
ABOUT TD BANK FINANCIAL GROUP
TD Wealth Management is one of Canada’s largest asset
managers, advisors and distributors of investment
products, managing more than $119 billion for retail and
institutional clients around the world.
See Segmented financial results page 23
We offer investment products, advice and investment
management services to pension funds, corporations,
institutions, endowments, foundations, high net worth
individuals and retail clients.
We’re happy to report that, despite disappointing equity
markets, our overall assets under management grew last
year by 6.4%. This growth reflects our balanced strategy to
build high-quality products that meet the needs of retail
and institutional investors and to leverage the strength of
our in-house distribution channels.
Giving retail customers what they want
We’re committed to understanding what people are
concerned about when they’re investing for the future and to
helping them meet their goals with a diversified choice of
mutual funds and individually tailored investment services.
We continued to build our business this year through two
important distribution channels: TD Canada Trust and TD
Waterhouse. We worked with TD Canada Trust to help
simplify processes for selling wealth management products
and to develop a referral program. We continued to expand
internationally by creating strong partnerships with TD
Waterhouse around the world to build a mutual fund
distribution network and to launch proprietary mutual funds.
We broadened our distribution of TD Mutual Funds to
broker-dealers and financial planners, and we reached the
$1 billion mark in assets under management in our advisor
series of TD Mutual Funds. Over the past year, two thirds or
58% of our mutual funds performed above average. We also
increased the number of financial planners we have in retail
bank branches to 175.
TD Evergreen, our full-service brokerage, continues to
recruit top investment advisors. This year, TD Evergreen
introduced innovative technology that gives investment
advisors an integrated tool to help them manage their
client relationships.
TD Private Investment Counsel became one of Canada’s
largest private client investment counseling firms when TD
Private Investment Management and CT Private Investment
Counsel were combined on October 31, 2000.
Growing our investment management business
We are Canada’s largest index and quantitative manager,
with over $47 billion in assets under management at
TD Quantitative Capital. Our assets under management
continued to grow this year, and we launched several
enhanced products in the institutional and retail markets.
TD Private Investment Counsel, TD Private Asset
Management and TD Harbour Capital together manage more
than $9 billion in assets, making us Canada’s largest high
net worth manager.
$125
100
75
50
ASSETS UNDER
MANAGEMENT
00 0199
$119.5 BILLION
TD Wealth Management
KEY RANKINGS
•#1 in mutual fund sales in
Canada during fiscal 2001
•#5 mutual fund company
in Canada
•Named Fund Company
of the Year by Top Funds
2002 guide
•#1 index and quantitative
manager in Canada
•#2 asset manager in Canada
•#1 high net worth manager
in Canada
•One of the largest complexes
of four and five star
Morningstar rated funds
in Canada, with 22 funds
as of October 31, 2001
THE BUSINESSES OF
TD WEALTH MANAGEMENT
Retail distribution
•Domestic Mutual Funds
•International Mutual Funds
•TD Evergreen
•TD Private Investment Counsel
•Estates and Trusts
•Private Banking
•Financial Planning
Investment management
•Portfolio Management and
Research
•TD Quantitative Capital
•Lancaster Investment Counsel
•TD Private Asset Management
•Lancaster Trading Group
•TD Harbour Capital
•Waterhouse Asset Management