TD snaps up Epoch Holding Corporation

TD Bank Group today completed the previously announced acquisition of Epoch Holding Corporation and its wholly-owned subsidiary Epoch Investment Partners, Inc.

With this transaction, TD expects to add approximately US$25.9 billion in assets under management at closing to the CDN$211 billion already under management by TD Asset Management. Epoch will continue to operate and serve its clients under its current brand name and operating structure.

The acquisition is expected to have minimal impact on TD’s earnings in fiscal 2013 and to be accretive in fiscal 2014. At closing, TD’s Basel III Common Equity Tier 1 ratio is expected to decrease by approximately 25 basis points on a pro forma basis as at TD’s last quarter ending January 31, 2013 as a result of the transaction.

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