Mackenzie will provide mutual funds for Investors Group's advisors, Mackenzie's distribution channels and the clients they serve
The firm plans to simplify its mutual fund offering by merging multiple funds and updating investment objectives and strategies
Arash Gabriel Armani refused to co-operate with a regulatory investigation into his conduct
The changes include tweaking the investment objectives and strategies, modifying corporate classes and reducing fees
Regional managers are overseeing the reassignment of clients to veteran advisors following the dismissal of approximately 400 primarily younger advisors
The financial giant has let 400 advisors and 80 administrative staff go in recent months
The decision came as a result of a new provision in this year’s federal budget relating to mutual fund mergers
The firm will also be lowering fees between 0.25 bps and 8.6 bps on several funds, even if proposed mergers fail to gain approval
The new no-load series being added to Investors Real Property Fund is expected to be introduced in mid-January
The new separately managed account program and fee-based account will take care of HNW clients’ needs that mutual funds cannot