The unpaid receivables owed to former investors could lead to penalties for holding non-qualified investments
Permanent insurance also has a host of other tax benefits
With growth coming from other areas, the firm's impending closure of ESG ETFs is part of a larger industry trend
Total inflows have reached $24 billion this year
Markets drive industry AUM higher, net flows positive for large firms
The development comes months after the regulator approved bitcoin ETFs
Markets drove both mutual fund and ETF assets lower in April
LongPoint will focus on white labelling and also plans to launch its own passive ETFs
Asset managers anticipate explosive growth in the AI market
Regulator contemplates expanding eligible assets for retail investment funds