Kuala Lumpur, Malaysia-based Manulife Holdings Berhard (MHB), owned by Toronto-based Manulife Financial Corp., intends to purchase 100% of its subsidiary, MAAKL Mutual Bhd. The deal will increase MHB’s assets under management to RM7 billion (RM is the ringgit, Malaysia’s currency). MAAKL offers units in 27 funds, including Islamic funds and Employees Provident Fund-approved funds. Most […]
Front Street Capital Inc. has entered an agreement to purchase Jemekk Capital Management Inc. (Both firms are based in Toronto.) Jemekk is a private asset-management firm that serves high net-worth, family office and institutional clients. Front Street has more than $1.5 billion in assets under management and manages mutual funds and flow-through limited partnerships. The […]
Montreal-based National Bank Direct Brokerage (NBDB), a wholly owned subsidiary of National Bank of Canada, now offers high net-worth individuals two new trading platforms, Advantage Direct Brokerage and Private Direct Brokerage, providing affluent investors with services such as guidance from representatives, priority and private telephone access, personalized annual reports and discounts on commissions. The Advantage […]
Clients can form strong ties to certain equities for a variety of reasons, from professional experience to respect for a deceased spouse. Your job is to find ways around those attachments when the investment no longer makes sense
Research by Invesco is finding that many investors are fine with embedded fees
An internal sale leaves sellers more confident because the buyer understands the business and is less likely to sue
IIROC shares results from third phase of study on high frequency trading
Increased competition and technology are drivers for exchange concentration, says OSC chairman
List reports increase in CFP numbers, more momentum for recognizing financial planning as a profession
The Financial Planning Foundation is now getting support from the Institut québécois de planification financiére