TORONTO, Aug. 31, 2017 (GLOBE NEWSWIRE) -- AGF Management Limited (TSX:AGF.B) confirms that Smith & Williamson a company which AGF currently owns 32.3% of, is no longer in exclusive discussions with Rathbone Brothers regarding a possible merger of the two companies.

Following extensive due diligence and negotiations, the Firms were unable to conclude a transaction that is in the best interest of shareholders.

“AGF will actively pursue alternatives to realize value in its investment in Smith & Williamson for the benefit of AGF shareholders,” said Blake Goldring, Chairman and Chief Executive Officer, AGF Management Limited. “This process reaffirms our position that there is a substantial amount of value in Smith & Williamson as a leading UK based private client investment management, financial advisory and accounting group.”  

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is a diversified global asset management firm with retail, institutional, alternative and high-net-worth businesses. As an independent firm, AGF strives to help investors succeed by delivering excellence in investment management and providing an exceptional client experience. AGF’s suite of diverse investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.

AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With approximately $35 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

Media Contact 
Amanda Marchment
Director, Corporate Communications
416-865-4169
amanda.marchment@agf.com

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