Toronto-based JovFinancial Solutions Inc., the manager of Horizons Advantaged Equity Fund Inc. and Jov Canadian Equity Class of Jov Corporate Funds Ltd., said Friday that T.I.P. Wealth Manager Inc. will cease to act as sub-advisor to the funds, effective July 31.

Leon Frazer & Associates Inc., an affiliate of JovFinancial, will continue to act as investment advisor to the funds.

Leon Frazer’s Lyle Stein will be responsible for the portfolio management of the funds. Stein has managed money for over 25 years, including mutual funds investing in a variety of sectors, with emphasis on risk-adjusted returns.