Stone Investment Group Ltd. has released its audited annual financial results for the year ended Sept. 30, 2007.
As of January 15, 2008, assets under management (AUM) were $832 million, a 34% increase from $621 million at the end of December 2006.
Effective January 1, 2008, the interest rate on the debenture has increased 1.5% to 10.5%. The terms of the debenture included a 0.25% increase for every $35 million dollar increase in assets under management up to a maximum of 11%, beginning January 1, 2008.
Toronto-based Stone Investment Group is an independent wealth management company. Through its wholly owned subsidiaries, Stone & Co. Ltd. and Stone Asset Management Ltd., it structures and manages high quality investment products for Canadian investors.
Stone Investment reports annual results
- By: IE Staff
- January 17, 2008 January 17, 2008
- 09:30