Kevin Strain, Claude Accum and Colm Freyne shifting to new roles
The changes are expected to kick in April 3 and management fees will be reduced by 35%
The decision came as a result of a new provision in this year’s federal budget relating to mutual fund mergers
The new framework defines the credentials deemed critical for advising wealthy clients
Just 22% of those who are financially unwell say they retain an advisor, meaning there’s an advice gap that needs to be filled, new Manulife report suggests
The firm will no longer go through with a planned merger and announced instead new mergers for each affected fund into its corresponding trust
The firm is introducing four asset-allocation portfolios and plans to fold 12 of its existing funds into the new portfolios
Macquarie Emerging Markets Infrastructure Income Fund will be cut from LOQiG’s offerings while Scotia plans to terminate the Moenda LatAm Fixed Income Fund
The social media monitoring tool now uses machine learning to sift through advisor communications with clients to flag — and potentially delete — activities that breach compliance policies
More than three-quarters of millennials prefer to house all their financial products at one bank because they trust these institutions blindly