Manulife Bank

Manulife One and Manulife Bank

Ask any high wealth financial advisor how Manulife Bank is doing. They'll tell you. Manulife Bank, with it's Manulife One product, has been a tremendous success. It wasn't always that way. When Manulife first had the vision of launching a "one account" type of product in Canada, nobody (really) knew whether it would fly. (The "one account" concept had been proven in Australia and Britain, but nobody knew for sure how successful it would become in Canada). There was plenty of planning and preparation on the part of SIT and Manulife before Manulife launched their "Manulife One" product. Initially, it was slow (doesn't everybody expect their products to fly off the shelf immediately?). Then, steadily, the momentum began to build. Word of mouth happened. Financial advisors became interested. Those with higher wealth started spreading the word....

“We launched Manulife One to help Canadians pay off their debts faster and also to give them a simpler way to manage their money.”

J. Roman Fedchyshyn, President and CEO of Manulife Bank of Canada.

If you're interested in finding out more about the potential savings the Manulife One product can bring you call 1-877-626-8111 or talk to a banking consultant close to you.

Manulife One: A Sophisticated Product?

There is no doubt that the Manulife One product is geared towards those individuals who have a good asset base to begin with. Some would even call it a "sophisticated product". Yet, the concept is simple and so is the interest method (i.e. simple interest). If someone makes a payment against their Manulife One account, the interest owing is adjusted on that day (i.e. not like a typical weekly, bi-weekly or monthly mortgage). As such, those with financial discipline can actually pay down the money they owe (e.g. mortgage, car, boat loan, etc.) much faster.

Segregated Lines of Credit

A Manulife One account holder can create a number of segregated lines of credit - some floating, some fixed, yet manage them all as "one account". In addition, Manulife One account holders have virtually all the conviences of a typical retail bank account (e.g. cheques, web banking, telephone banking, etc.).

“Building wealth goes beyond finding the best investment or lowest mortgage rate. It’s about managing your debts and short-term cash in the most efficient way to lower your overall costs.”

J. Roman Fedchyshyn, President and CEO of Manulife Bank of Canada.

Manulife Bank: A Class Act

There have been many positive remarks about the service that Manulife Bank delivers. It actually starts when you first contact them to find out more about opening an account. If you're thinking about opening a Manulife One account, or just want to find out more information, you should give them a call. You can call: 1-877-626-8111 or (the preferred method) simply find a Banking Consultant that is close to you.

Manulife Financial: A Global Financial Powerhouse

When you release FY2005 earnings of $3.9 Billion (29% higher than FY2004) you get some respect. Manulife Financial, it seems, gets a lot of respect from financial analysts (Manulife Financial's market capitalization is second only to Royal Bank, within Canada). Manulife Financial is a global player with international investments in China and in the United States (through the acquisition of John Hancock).

If you're really interested in Manulife Financial's accomplishments have a gander at their latest financial reports.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In Banking^TM architecture and a Financial Services Bus^TM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables banks and non-banks to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit/credit or loyalty products, leasing, Equifax and Trans Union credit bureau interfaces, registered investment products, and much more. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners. For more information, please contact:

Patrick Lannigan
Strategic Information Technology
Telephone: 905-640-0808 x356
Email: patrickl@stratinfotech.com