Toronto-based Mackenzie Financial Corp. has announced that Mackenzie Universal Canadian Tactical Fund is closed to new sales and will be terminated, pending a unitholder vote in May (the exact date still has to be announced). The firm cites difficulty reaching economies of sale as the reason for its decision. Olivia Kilroy, product manager, says investors […]
Toronto-based R.N. Croft Financial Group Inc. has announced the appointment of Malcolm Gilroy of Meridian Global Investors Inc. to provide investment advice for both Croft Enhanced Income Fund and Croft Select Securities Fund, effective immediately. Under this new subadvisory agreement, the funds will be managed by both Richard Croft and Gilroy. Gilroy, formerly of Cambrian […]
Mackenzie Financial Corp. and MRS Inc. are in talks to merge four of their investment funds, pending shareholder and regulatory approval. On May 20, investors will vote on the mergers of Keystone Premier Euro Elite 100 Capital Class with Mackenzie Ivy European Capital Class, as well as Keystone Premier Global Elite 100 Capital Class with […]
Toronto-based investment research firm Morningstar Canada has added 835 F-class funds to its Web-based research platform, Morningstar Advisor Workstation. The recent addition is in response to the growth in fee-based practices, the company says. “If you’re a fee-based advisor and you’re interested in keeping track of that side of your business, this addition will allow […]
On the 53rd floor of the gleaming Scotia Plaza tower overlooking downtown Toronto, Kevin Whelly is hatching a plan. Little more than a month has passed since he joined Raymond James Ltd. as senior vice president of growth and development — a brand new role for a brand new task — and Whelly is poised […]
Wants corporate rates reduced, faster elimination of large corporations and withholding taxes
Aging demographic highlights need for estate planning: World Wealth Report
Top-rated firms use different business models, illustrating there is no magic formula
Account managers shrug off bank merger uncertainties
Planners say they’re paying out more and getting back less