Toronto-based JovFinancial Solutions Inc., portfolio manager of Horizons Advantaged Equity Fund Inc. and Jov Canadian Equity Class Fund, both sponsored by Jov Corporate Funds Ltd., has announced that Toronto-based T.I.P. Wealth Manager Inc. is no longer the subadvisor to the funds. Leon Frazer & Associates Inc., an affiliate of JovFinancial, will continue to act as the investment advisor to the funds. Lyle Stein, managing director and chief compliance officer with Leon Frazer, will be responsible for the funds’ portfolio management. Stein has managed money for more than 25 years, including for mutual funds that invest in a variety of sectors, with an emphasis on risk-adjusted returns.
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