CI will see its AUM increase by 16% to approximately $140 billion from $120.4 billion and maintain Sentry as a standalone brand
With the completion of the deal, IA becomes one of the largest non-bank wealth-management firms in Canada with almost $80 billion in AUA
The departures follow the completion of John Wilson and James Fox’s acquisition of Sprott Asset Management
Despite a rebound in the resources sectors, Canadian equity funds posted modest losses during the month
Regulators seek comment on capital rules for life insurers
How advisors rated their firms
Phillips, Hager & North Short Term Bond & Mortgage Fund had been capped to new investors in July 2016 to manage inflows
Frank Mersch will continue to manage the funds with their original mandates
Closed-end fund merged into Middlefield U.S. Dividend Growers Class