ClaringtonFunds Inc. and Industrial-Alliance Fund Management Inc. are integrating their business operations, pending regulatory approval. As a result, both companies’ funds will be merged under a single manager in trustee called IA Clarington Investments Inc. “The new name reflects Industrial-Alliance’s commitment to build on Clarington’s strong performance,” David Scandiffio, president of Clarington and Industrial-Alliance Fund […]
Andy Mitchell wants to develop a premier wealth-management firm, not just a mutual fund dealer
More generically written regulations that put the onus on registrants to act in the best interest of their clients are needed, says BCSC chairman
Artificial tears and proper cleansing can help ease symptoms that are often caused by the office environment
Toronto-based Hartford Investments Canada Corp. has announced that Matthew Hudson will assume joint responsibility for the day-to-day investment decisions of Hartford Global Leaders Fund. Hudson is vice president and equity portfolio manager at Wellington Management Co. LLP in Boston, which has acted as Hartford’s portfolio advisor since the fund’s inception. He joins sub-advisors Andrew Offit […]
Ethical Funds Co., a Vancouver-based socially responsible mutual fund company, has announced that Highstreet Asset Management Inc., based in London, Ont., will be the new manager of Ethical Canadian Dividend Fund, effective June 6. “We were looking for a top-quality, independent investment management firm and we believe we’ve found it in Highstreet,” Don Rolfe, Ethical’s […]
HSBC Bank Canada has launched its High Rate Savings Account with a 3.1% interest rate for balances up to $1 million. There is no minimum balance. “Interest accumulates on the first day with the first dollar,” says Sharon Wilks, senior manager of public affairs, HSBC Bank Canada. Transfers to and from HSBC Bank Canada chequing […]
Mackenzie Financial Corp. is calling a shareholder meeting June 22 to discuss a change in the investment objectives of Conservative Folio Fund, Moderate Folio Fund, Balanced Folio Fund, Advanced Folio Fund and Aggressive Folio Fund. All funds are distributed exclusively through Quadrus Investment Services Ltd. The proposed investment objective would remove the requirement to invest […]
Real Asset Investment Management Inc. has changed its name to Inhance Investment Management Inc. The Vancouver-based socially responsible investment company says its new name “better communicates the company’s vision and investment philosophy: to enhance long-term returns for investors through in-house integration of environmental, social, governance and financial criteria into the investment process,” says Krista Vriend, […]
Investment executive’s research team had a busy month putting together the results of the 2006 Planners’ Report Card. Armed with lists of hundreds of advisors from 11 national dealerships, researchers Nicole Grondin, Cynthia Innes, Jeromy Lloyd, Emma Ong and Dalva Potestio surveyed a total of 329 advisors — almost 30 from each firm. Each of […]