A remarkable 71% of investment advisors support the CSA's proposal to introduce a best interest standard due to the need to elevate industry standards across the board and to increase transparency in advisor/client relationships
Wellington-Altus Private Wealth Inc., which opened for business on Monday, has 14 investment advisors and $2.5 billion in assets under management
The firm’s advisors will now have the option to refer clients to third-party portfolio managers with whom the firm has long had relationships or to Raintree’s own discretionary platform
Pablo Fuchs, senior editor with Investment Executive and Fiona Collie, staff writer, discuss survey participants’ thoughts about the CSA’s proposal to introduce a best interest standard and whether their firms are encouraging advisors to drop the smallest clients from their books of business.
Pablo Fuchs, senior editor with Investment Executive and Fiona Collie, staff writer, discuss survey participants’ favourable views of the regulators and other key findings in the Report Card.
Some describe the investigative process as a "witch hunt." Others believe enforcement teams consider each situation carefully
Toronto-based BMO Investments Inc. has made several portfolio-management changes to its mutual funds. Toronto-based Monegy Inc. no longer is portfolio manager for BMO Floating Rate Income Fund, BMO U.S. High Yield Bond Fund and BMO U.S. Dollar Monthly Income Fund. Instead, BMO Asset Management Inc. (BMOAM) will take on the portfolio- management responsibilities for all […]
Toronto-based Invesco Canada Ltd. has added two ETFs to its product lineup. PowerShares S&P 500 High Dividend Low Volatility Index ETF is designed to replicate the performance of the S&P 500 low-volatility high-dividend index. PowerShares S&P Global ex-Canada High Dividend Low Volatility Index ETF, meanwhile, is meant to replicate the S&P global 1200 ex-Canada low-volatility […]
Toronto-based CI Investments Inc. will offer certain clients fee discounts – automatically. Individual accounts of at least $150,000 or family groups with aggregate assets of $250,000 or more will qualify automatically for discounted fees on a number of CI mutual funds. The discounts, which are available through the CI Preferred Pricing and CI Private Wealth […]