The deal is the first direct equity investment in a regional or local operation for Assante
Robo assets under administration increased this year, and B2B demand is growing
Stable income, rising wealth a bright spot for big global investment firms
James O'Sullivan will now lead IGM Financial and Damon Murchison will lead IG Wealth Management
The month saw a surge in equity underwriting revenues
Kevin Sullivan is proposing new directors and new transaction terms
Deal values business at $420 million, a drop of 16%
Market-driven businesses held up in first half
The Winnipeg-based firm reported net earnings of $183.5 million, down from $185.1 million a year ago
Redemptions were down in a quarter that saw CI acquire ownership stakes in two U.S. RIAs