The Financial Post reports in its Thursday edition that Jarislowsky Fraser Ltd., manager of about $30-billion being bought by Bank of Nova Scotia, expects the deal to propel its private wealth services into new regions of the globe with more funds, assets and clients. A Bloomberg dispatch to the Post quotes Jarislowsky president Pierre Lapointe as saying, "This is going to take us to the next level." Scotiabank plans to keep the Montreal investment firm independently run. "Scotiabank has great distribution. They also have deep pockets to invest and launch new products which we might be hesitant to do, certainly in alternative products." Scotiabank on Monday agreed to pay $950-million for Jarislowsky Fraser, adding more than $40-billion in assets under management on behalf of institutional investors and high net worth clients. Founded by Berlin-born Stephen Jarislowsky in 1955, the firm made a name for itself over the years by conducting extensive field research on Canadian companies and developing statistical tools to find and value investments. Jarislowsky's age -- he is now 92, and gave up executive duties about five years ago to remain a director -- was a factor in the decision to sell, Mr. Lapointe said.