Nicola Wealth buys Levine Financial Group
Toronto-based firm provides insurance products and services to doctor clients
- By: IE Staff
- November 8, 2022 November 8, 2022
- 11:12
Toronto-based firm provides insurance products and services to doctor clients
The 12-month holding period would reset after the taxpayer took ownership of property
Combined platform gives clients "a more cohesive, strengthened wealth offering"
Recession fears are top of mind as the Fed continues to hike rates
Gains in school jobs offset by losses in manufacturing, recreation
It is the seventh largest bank in Canada and operates more than 130 branches across the country
The new organization is looking at joint oversight that rotates among CSA jurisdictions
Helping clients establish a "hierarchy of withdrawals"
Fuel costs up 32% year over year
The bank set aside $351 million in the quarter for potential loan losses
Wealth management operations earned $777 million in Q3, up year-over-year from $744 million
Total assets down 7.6% from previous quarter, but up 12.2% year over year
Mutual funds saw $3.5 billion in net redemptions for the first half of 2022, but ETFs are still positive