TD Asset Management, a money management subsidiary of Toronto-Dominion Bank with C$13.5 billion (U.S. $9.9 billion) in assets, reached an agreement to acquire a 30% stake in AMI Partners, a Toronto money manager with C$7.5 billion (U.S. $5.5 billion) in assets. Terms were not disclosed. TD Asset will absorb the quantitative capital and private capital divisions of AMI. AMI's institutional advisory and active asset management businesses will remain independent of TD Asset.
TD Asset Management, a money management subsidiary of Toronto-Dominion...
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