Seamark Asset Management Ltd. has been advised that its largest wrap program partner intends to discontinue its use of Seamark’s investment services effective June 30, the company said Thursday.

As part of the normal course of business, this will result in a review of Seamark’s services by other wrap program partners, the Halifax-based investment manager says.

The potential financial impact is under review and is expected to be disclosed during Seamark’s upcoming first quarter financial release scheduled for April 30.

IE