Mutual fund company

A mutual fund company is a privately or publicly owned business that manages, sells and markets closed-end and open-end mutual funds to the public. They typically offer a variety of funds and investment services to mutual fund investors that include portfolio management, record keeping, custodial trust, legal, accounting and tax management services.

Statistics
At the end of 2020, Canadian mutual funds held $1.78 trillion dollars in assets, spread over more than 3000 funds. Of these assets, about half were in balanced funds.

Back in 2015, mutual funds were held by 33% of Canadian households and accounted for 31% of Canadians' financial wealth.

How to buy mutual funds
Mutual funds can be purchased:
 * In a mutual fund account offered by the fundco or bank
 * In a discount brokerage account
 * Through financial advisors