Across the industry, there were retirement announcements and an advisor move
CIBC's Canadian commercial banking and wealth management business earned $480 million for the quarter
Net income for the bank's wealth management division increased to $750 million compared with $683 million a year ago
Assets under management in Canadian retail were $411 billion as of April 30, up from $397 billion at the end of Q2 2021
Naveed Irshad will succeed Michael Doughty
Wealth management income was down in the quarter
Analyst says results could lead to negative earnings revisions around fee income growth in wealth management
A roundup of the latest advisor and executive moves
CI Financial Corp. is taking a “centralized” approach to advisor recruitment, in part to avoid having its CI Assante Wealth Management and Aligned Capital Partners businesses compete against each other. “As opposed to Assante looking for advisors to recruit, Aligned looking for advisors to recruit, [and] sometimes bumping into one another, now [we’re] having just […]
Industry leaders cite planning, culture, banking power to fuel advisor practices