In 2021, Epoch Investment Partners, Inc. (“Epoch”) and TD Asset Management Inc. (“TDAM”), conducted a strategic review regarding legal entities. To simplify our structure and reduce our regulatory footprint, the decision was made to merge the TDAM USA Inc. (“TDAM USA”) legal entity into the Epoch Investment Partners, Inc. legal entity effective December 31, 2021. This enables us to have Epoch as the one registered investment advisor in the United States. This approach is being reviewed and implemented in other jurisdictions. This is one step of a broader initiative to allow for the global distribution of both TDAM and Epoch strategies in North America, Europe and Asia.
Importantly, this change does not impact the investment management of any portfolios. TDAM investment professionals will continue to provide management services to U.S. clients as Epoch investment professionals. Portfolio managers and investment teams will remain the same, as will the trading team and processes.