Wealth managers under pressure in 2023: Fitch
Both asset values and client flows could be challenged in year ahead
- By: James Langton
- November 25, 2022 November 25, 2022
- 14:40
Most firms to resist raising prices despite inflation and input cost challenges
Proposal would eliminate regulatory arbitrage between seg funds and mutual funds
Advisors face a host of challenges integrating new tech
NBI launched international equity funds while CIBC released a fixed-income alt
Regulators alleged the firm's onboarding process for new reps was deficient
Ties to banks and weak risk management raise concern for Basel Committee
Despite the recent slowdown, prices are higher than pre-pandemic levels
At FP Canada's annual conference, Bessner outlined red flags to identify and mitigate
Anthony Ostler also called for more consumer protection in the emerging payments space
Former governor said it's "impossible to say" if the Bank of Canada is overshooting with its rate hikes
Provincial regulators finalized recognition orders and interim rules
The company is moving away from property operations to refocus its business as an investment manager
Oil prices wavered on uncertainty over Middle East ceasefire negotiations
Former Conservative leader Erin O'Toole joins; CEOs, union leaders among the other names
Application system for refunds launched this week
Timeline not yet established, CIRO boss says
New licensing regime approved, full compliance due by October 2027
Marc-André Gosselin and Nicolas Vincent to assume new roles in May and August, respectively
Christopher Phelan's resume suggests a keen interest in the operations of central banks
Deal offers 19% premium to Sila Realty Trust trading price on Friday
The BoC governor says technology's evolving abilities underscore importance of cybersecurity
Firm founder Danny Popescu has vacated the role to become executive chair
Plus, TD Wealth VP moves into advisor role and appointments across the industry
Plus, Designed Wealth adds advisor and inaugural taxonomy and transition planning council named
At the same time, both fund types recorded positive net sales
The data also reveals Canadians' limited knowledge of cross-border investing tax implications
ETF assets under management now sit at US$20 trillion