Financial terms not disclosed
Net new flows remain well below those achieved before the financial crisis
Bank-style regulations would have negative consequences on the market competitiveness and profitability of large asset management firms
The organization is also adopting a new strategic direction focused on reinforcing its position as the centre of global regulatory policy
Increasing preference for investing through pension and insurance means current profitability levels are unlikely to be sustainable
BMO aims to build market share substantially in the UK and Germany and add coverage to additional countries
Active managers face triple threat of shrinking AUM, declining market share and lower fees
FSB, IOSCO urged to drop efforts to create systemic risk methodology for asset managers and funds
Liquidity risk raised by the Bank of Canada
AGF, Invesco, and Mackenzie stand out for their efforts to forge stronger relationships with advisors