Judy Goldring, executive vice president and chief operating officer, AGF Management Ltd., discusses disruption in the mutual fund industry and the need for advisors to respond to changing client demands while being challenged by regulatory uncertainty. She spoke from the IFIC annual leadership conference in Toronto.
Despite the weakening sales picture, mutual fund industry assets under management climbed by $8.3 billion
Members of the board elected at annual meeting
Mutual funds industry assets under management slip to $1.4 trillion
Overall mutual industry net sales through the first half of 2017 were almost double what they were a year ago, according to IFIC data
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Total industry net sales were $26 billion for the five months ended May 31 compared with $15.1 billion in the same period last year
Paul Bourque advocated in a speech that investors should be given a choice in terms of how fees are paid
The organization recommends a variety of measures, including capping trailer fees, in response to the CSA’s consultation paper
Although some countries have banned embedded commissions or adopted a best interest standard, most have just sought to enhance disclosure