In other news, two advisor teams joined Richardson Wealth's new Victoria-based office
Open banking could be a win for wealth managers
Households are facing the dual drags of inflation and higher interest rates, report says
Firms are puzzling out how to balance significant overhead costs with advisor support
Opportunities and challenges must be weighed
Other developments this week include cuts at Manulife and several advisor team moves
Inflation forcing some clients to withdraw assets to meet needs
Two wealth groups left Richardson Wealth, plus other notable moves across financial services
Growth in wealth management and Canadian insurance activities led to the gain
Multiple industry veterans made changes, plus Richardson Wealth's John Horwood retired