IGM posts record profit in second quarter
Investment fund sales and assets under management topped previous highs
- By: Mark Burgess
- August 5, 2021 August 5, 2021
- 11:36
Investment fund sales and assets under management topped previous highs
The report said technology has outstripped regulation in a rapidly changing financial services industry
After an advisor's death, his clients complained about trading activity in their accounts
Price growth has levelled off since the spring after a spectacular rise over the last year
The CSA's plan received broad support, but there's plenty of work to do on the details
The firm has also launched U.S.-dollar-hedged units of certain funds
Industry and firm size are key factors in the ability to work from home, StatsCan says
Fixed-income funds experienced a rare month of outflows
The firm said it will continue to grow its wealth management business
MassMutual business contributed to the results
The Liberal government's proposed Canada Disability Benefit would be modelled on the guaranteed income supplement
The SEC chairman said the regulator needs more authority and resources to regulate crypto markets
Five new indexed accounts track ESG funds managed by BMO GAM
The S&P/TSX composite index climbed 244.33 points to 32,000.10
After a record-breaking year for new product launches, old-fashioned strategies are still a solid choice for portfolios
Officials are preparing for a review of the Canada-U.S.-Mexico trade agreement in 2026
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Plus, a new TD partnership, and Toronto fintech becomes dark pool partner
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Provincial regulator can halt trading when misinformation circulates
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record