Canada’s Financial Industry Newspaper | Investment Executive
WEBBy: IE Staff. Investment Executive has the latest news and analysis on investment products, industry news and securities regulation for financial advisors.
New direction for Richardson Wealth | Investment Executive
WEBJan 25, 2021 · As of Dec. 31, 2020, Richardson Wealth reported $30.3 billion in assets, up marginally from $29.3 billion at the end of 2016. The lack of clear direction also resulted in rival firms luring away advisors from Richardson Wealth. At the end of 2020, Richardson Wealth reported 162 advisory teams, down from 199 four years prior.
Qtrade, Credential and NEI Investments announce merger
WEBDec 12, 2017 · Qtrade Financial Inc., Credential Financial Inc. and NEI Investments announced on Tuesday that they will be merging in a deal that will create Aviso Wealth, an independent wealth-management provider for the Canadian credit union (CU) system that will have more than 500,000 clients and $55 billion in combined assets under administration and management.
News for Canadian Financial Advisors - Investment Executive
WEBSep 27, 2024 · Also, a selection of the latest fund news. By: Noushin Ziafati. September 26, 2024. 17:30. Breaking industry and regulatory news for IIROC, MFDA and life insurance-licensed financial advisors, portfolio managers and financial planners.
Active U.S. Large Cap Managers Could Be Poised to Outperform
WEBAug 22, 2022 · A narrow U.S. market potentially sets stage for excess returns. Recent market conditions have posed formidable challenges for active U.S. large‑cap equity managers seeking excess returns relative to their benchmarks. By early 2022, the S&P 500 Index reached concentration and valuation levels not seen since the technology bubble of …
Seg funds 101 - Investment Executive
WEBJun 14, 2021 · In more detail, a seg fund is an insurance contract issued by a life insurance company and regulated by the federal Insurance Companies Act. Seg funds have two parts: a pooled investment component (similar to a mutual fund), plus an insurance policy that protects against the loss of the invested capital when a contract matures.
FundEX merges with Investia - Investment Executive
WEBBy: IE Staff. July 5, 2021. 11:22. FundEX Investments Inc. merged its mutual fund dealer operations with sister company Investia Financial Services Inc. on July 1. As a result of the merger, FundEX and Investia have become one entity under the Investia banner, which is part of iA Financial Group. The merger has made Investia the “the largest ...
PwC plans payouts to Bridging investors in 2024
WEBJanuary 22, 2024. 15:33. iStockphoto. Investors who were harmed in the collapse of alternative fund manager Bridging Finance Inc. are a step closer to getting some money back, but almost $300 million in disputed creditor claims must first be resolved. According to new filings in the firm’s receivership proceeding, Bridging’s court-appointed ...
GWL acquires Financial Horizons Group - Investment Executive
WEBBy: Megan Harman. May 19, 2017. 13:20. Winnipeg-based Great-West Lifeco Inc. (GWL) has entered into an agreement to acquire Kitchener, Ont.-based Financial Horizons Group, one of Canada’s largest managing general agencies (MGAs), the companies announced on Friday. The deal adds a large, independent distribution channel, which includes 6,660 ...
The art of RRIF withdrawals | Investment Executive
WEBNov 13, 2023 · The minimum withdrawal amount for the year is based on the value of the RRIF on Jan. 1 multiplied by a prescribed “factor” or rate. The rate is set by regulation or, for ages below 71, calculated by dividing 1 by the result of 90 minus the age of the annuitant or their spouse or partner at the beginning of the year. The rates increase with age.