Administration July 1, 2004

AdminSource Buys TD Bank's RK Business

January 31, 2002 (PLANSPONSOR.com) - AdminSource Inc., a subsidiary of AGF Management Limited, acquired the third-party fund valuation and recordkeeping business of TD Bank Financial Group.

Reported by

Fred Schneyer

AdminSource will expand its customer base to more than 60 clients and double its assets under management to approximately $20 billion. Terms of the transaction were not disclosed.

AdminSource will offer jobs to all of TD Bank Financial Group’s current staff in the fund valuation and recordkeeping business.

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Also, in a separate deal, CIBC Mellon has purchased TD Bank’s third-party investment fund custody business and will be TD Bank’s primary supplier of internal custody.