M&T Bank unveiled the newly organized MTB Group of Funds Tuesday, the result of its acquisition of Allied Investment Advisors on April 1. The new fund family is the combination of the Vision Group of Funds and the Ark Funds. A division of M&T Bank was the investment advisor to Vision, while Allied was investment advisor to Ark.
MTB Investment Advisors, yet another subsidiary of M&T Bank that serves wealthy individuals, corporations and endowments, is investment advisor to the new family of 31 funds.
M&T plans to sell the funds directly, through institutional clients, at the banks 700 branches and through select broker/dealers.