The emergence of online financial services isn't a threat to most advisors' businesses because their clients prefer a personal touch
The self-regulatory organization notes that John Phillip Watts failed to use sufficient due diligence to ensure investment recommendations to four clients were suitable
TD Asset Management Inc. of Toronto has added five series to two of its fixed-income mutual funds. TD Canadian Corporate Bond Fund and TD U.S. Corporate Bond Fund invest in investment-grade debt securities issued by Canadian and U.S. corporations and trusts, including mortgage-backed securities or asset-based securities, as well as bonds issued by governments of […]
Toronto-based First Asset Investment Management Inc. has added five ETFs to its corporate-class lineup. The following ETFs launched in March: First Asset Short Term Government Bond Index Class ETF, First Asset Global Momentum Class ETF, First Asset Global Momentum (CAD hedged) Class ETF, First Asset Global Value Class ETF, and the First Asset Global Value […]
Toronto-based BMO Investment Inc. intends to close six of its mutual funds by the end of June. As of June 28, the following funds will be terminated: BMO LifeStage 2017 Class, BMO LifeStage 2020 Class, BMO LifeStage 2025 Class, BMO LifeStage 2030 Class, BMO LifeStage 2035 Class and BMO LifeStage 2040 Class. These funds are […]
Toronto-based Purpose Investments Inc. has added an exchanged-traded fund (ETF) and a mutual fund to its suite of products. Purpose U.S. Cash ETF and Purpose Premium Money Market Fund each seek to maximize monthly income for shareholders or unitholders while simultaneously preserving capital and liquidity. The funds invest primarily in high-interest deposit accounts and high-quality […]
Management fees will be reduced later this year on a slew of mutual funds sponsored by Toronto-based RBC Global Asset Management Inc. (RBCGAM). Effective June 30, RBCGAM will decrease management fees by up to 15 basis points on 85 of the firm’s sponsored mutual funds, including certain RBC funds, PH&N funds, BlueBay funds, RBC corporate-class […]
Jeff Hull is driven by a desire to find out what makes an investment tick. Hull, an advisor with Manulife Securities in Mississauga, Ont., also is a member of the civilian arm of NATO for Canada
Although regulators usually provide quick responses to registrants, the replies are too cautious in the content they provide
For the eighth year in a row, compliance officers (COs) and company executives throughout the investment industry shared their thoughts about the regulators.