Mackenzie financial Corp. is acquiring Vancouver-based Cundill Investment Research Ltd. for an undisclosed price, in a deal that’s being called a “natural evolution” of the eight-year partnership between the two firms.Cundill currently subadvises on more than $12.5 billion in assets for Toronto-based Mackenzie, including the top-rated Mackenzie Cundill Value Fund. Cundill also manages more than […]
But process could be hampered by recruitment strategy focused on attracting older, more experienced advisors
IE focuses on the regional dealers for the first time
Investment-management firms eager to win the business of time-strapped advisors would do well to pay attention to what advisors want: turnkey investment solutions, consistent management style and, above all, swift and reliable support services. So say the findings of a recent study of certified financial planners entitled Understanding & Supporting the Planning-Oriented Advisor: Making your […]
Toronto-based Altamira Investment Services Inc. has raised the rates on its High-Interest CashPerformer to 3.75% and its US$ High-Interest CashPerformer to 4.5%. “There is increasing demand for secure, high-interest investments in both Canadian and U.S. dollars,” James Whitman, Altamira’s senior vice president of sales and services, said in a release. There are no account fees, […]
Caldwell Investment Management Ltd., manager of Caldwell Mutual Funds, is asking unitholders to approve changes to Caldwell America Fund’s name and investment objectives. “The America fund has suffered the way many American funds have: it just can’t power through the strong Canadian dollar,” says Thomas Caldwell, chairman of Toronto-based Caldwell Investment Management. A unitholder meeting […]
Unitholders of nine Royal Bank of Canada mutual funds approved a broadening of their funds’ investment objectives and corresponding changes in names to reflect the removal of foreign-content restrictions. As of July 4, RBC Balanced Growth Fund will invest in equity and fixed-income securities in Canada, the U.S. and internationally. RBC Blue Chip Canadian Equity […]
Kingston, Ont.-based Empire Life Insurance Co. is changing its Solution Series term life insurance products, including a new pricing band and a “no fluids” approach to underwriting policies. The “no fluids” clause in policies up to $249,999 and age 45 will be extended to all life insurance products offered by Empire. (Previously, a saliva or […]
Investors Mortgage Fund has undergone changes that will see a reduction in its mortgage content and an increase in its investments in fixed-term and liquid debt securities. The fund’s fee structure is being revised, including a reduction in the management fee, which is expected to lower the fund’s MER over time. The fund has also […]