MD Financial today announced amendments that will create a separate class of the mutual fund units for the majority of the MD family of mutual funds. The new class, called S class units, will be exclusively available to clients of Stratos Wealth Management, a division of MD Management Ltd.

“At MD Financial, our number-one priority is to create wealth for our unitholders,” said Brian Peters, President and CEO, CMA Holdings Inc. “Opening the MD Family of Mutual Funds up to a larger market makes good business sense — its about ensuring continuity and stability for MD clients through measured and targeted expansion opportunities.”

Amendments to the MD family of Mutual Funds were approved by the board of directors of CMA holdings and MD Funds Management Inc. (the funds’ trustee). The new class of mutual funds is expected to launch on August 7.

Current holdings of existing MD mutual fund unitholders will be re-designated and reported as Class A units. Outside from the naming change, no other changes will be incurred by the existing MD mutual fund unitholder.

The MD Family of Funds was launched 35 years ago and it is regarded as one of the top fund families in Canada featuring some of the world’s best fund managers. It features no-load and lower MER funds across all core asset categories.

The MD Financial represents a group of companies, that builds and protects the wealth of physicians and their families.

Based in Ottawa, Stratos Wealth Management offers personal financial services to healthcare professionals who are not members of the Canadian Medical Association.