As advisors grow older, companies have to figure out how to let them go while hanging on to their clients
David and Cynthia Enns are no Laughing Stock as they balance two businesses
Taking their cue from the elimination of the foreign-content rule, a number of fund firms are winding up clone funds: TD Asset Management Inc. will close seven funds effective Oct. 31, 2005; the Federation des caisses Desjardins du Quebec will close three RRSP clone funds on Aug. 12 and another three on Aug. 19. AGF […]
Mackenzie Financial Corp.’s in-house growth investing team has assumed management of Mackenzie Universal Health Sciences Capital Class, effective July 25. The team, led by Wendy Chua, Ian Ainsworth and Mark Grammer, replaces sub-advisor Alliance Capital Management Canada Inc. “There was an opportunity to put the fund in the hands of a management team that has […]
Montreal-based Standard Life Mutual Funds Ltd. has introduced Standard Life Diversified Income Fund and Standard Life Canadian Equity Focus Fund, both intended for conservative investors. Diversified Income Fund aims to invest 10% of assets in common and preferred equities, 20% in government bonds, 15% in real-return government bonds, 25% in income trusts, 5% in cash […]
Four labour-sponsored funds managed by Vancouver-based GrowthWorks WV Management Ltd. will merge, pending shareholder and regulatory approval. Canadian Science and Technology Fund Inc., Capital Alliance Ventures Inc. and GrowthWorks Opportunity Fund Ltd. will merge into GrowthWorks Canadian Fund, bringing its AUM to about $350 million (from $280 million). The jump in assets will mean lower […]
Toronto-based Dynamic Mutual Funds Ltd. has launched Dynamic Power American Currency Neutral Fund, aimed at investors who want exposure to the U.S. market without currency volatility. “The U.S. market is still the economic engine of the world, home to companies and industries not well-represented elsewhere,” says Simon Hitzig, Dynamic’s executive vice president of marketing. “But […]
Most advisors say their clients are bound by agreements to dealerships
Going along with the crowd may avoid immediate conflict, but there are effective ways to challenge a bad idea