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Firm's AUM dropped 6.8% from the previous quarter

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The Toronto-based investment management firm cites Covid-19 disruption

The Covid-19 pandemic helped push the company into a first-quarter loss of US$157 million

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The firm's surplus earnings dropped 29% year over year

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The results differed from analyst projections

Market drop related to Covid-19 affected firm's AUM

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Amid the pandemic, earnings decrease but sales persevere

businessman race hurdle competition

The online merchant platform beat analyst expectations in Q1

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CEO Roy Gori expects the pandemic will demonstrate the value of diversified wealth management

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Market declines contributed to the plunge