Laurentian Bank of Canada has teamed up with Toronto-based First Asset Advisory Service to introduce M3, a “multi-dimensional” managed account program for investors with $150,000 or more in investible assets. Laurentian says the service aims to diversify in three ways: through the use of several managers, varying asset classes and differing management styles. First Asset Advisory will select one of eight money managers, depending on the type of investments held within the portfolio. Each portfolio may have several managers. Management fees vary, but are generally 50 basis points lower than typical mutual funds and include all transaction costs. Minimum investment is $150,000.