Finding the right blend of attributes for its advisors is one key contributing factor
Only 12% of financial advisors have a succession plan. And while most view their book as a nest egg for their golden years, they are waiting until the eleventh hour to figure out how to capture that money
Royal Mutual Funds Inc. has eliminated sales charges on third-party funds sold through its retail branch network. “Enhancing our third-party offerings demonstrates our focus on expanding branch-based relationships with clients,” Anne Lockie, president and CEO of Royal Mutual Funds, said in a news release. The change brings third-party products in line with the fund company’s […]
Winnipeg-based Sarbit Asset Management Inc. has introduced a deferred sales charge purchase option for Sarbit U.S. Equity Trust. “We have created a DSC schedule option that has the best interests of the investor and the advisor client in mind,” Larry Sarbit, president and CEO, said in a news release. Commissions are 5%, with a 0.50% […]
Toronto-based Caldwell Mutual Funds has ended its relationship with New York-based Strategy Asset Managers, which had been providing investment advice for Caldwell Balanced Fund and Caldwell America Fund. Caldwell Investment Management Ltd. will take responsibility for managing the funds.
CIBC Asset Management Inc. will move forward the financial yearends of five families of mutual funds it manages. Pending regulatory approval, the yearends of Renaissance mutual funds, Talvest funds and Sequence portfolios will be changed to Aug. 31 from Dec. 31. Frontiers Pools and Axiom Portfolio will be changed to Aug. 31 from Sept. 30. […]
Toronto-based Fairway Advisors Inc. has filed a preliminary prospectus for Long Reserve Life Resource Fund. The closed-end fund will invest in a range of commodities, including oil and gas, base metals, precious metals, coal and uranium. “We think of this fund as a single solution for retail investors looking for exposure to a wide range […]
TD Asset Management Inc. plans to merge 10 portfolios with their corresponding RRSP portfolios. Effective Aug. 4, 2006, these changes will take place: TD Managed Income Portfolio will merge into TD Managed Income RRSP Portfolio; TD Managed Income & Moderate Growth Portfolio will merge into TD Managed Income & Moderate Growth RRSP Portfolio; TD Managed […]
RS Bell helps match up high net-worth clients with professional money managers
Toronto-based Creststreet Capital Corp. filed a preliminary prospectus for units of Creststreet enHanced Income Energy Fund. The firm says it will take advantage of the combination of a surge in crude oil demand in emerging markets such as China and India and the diminishing energy supply worldwide. The trust aims to allocate 85% of its […]