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.
Desjardins to acquire Worldsource wealth and insurance …
WEBNov 30, 2022 · IDC, WFM and WSI serve more than 5,000 independent advisors in the Canadian insurance and financial advice markets. “This acquisition strengthens Desjardins in the important life insurance and wealth management sectors across Canada,” said Desjardins Group president and CEO Guy Cormier in the release.
Money back for Bridging investors? Not so fast
WEBJuly 8, 2022. 17:01. LIgorko/iStock. A couple of institutional investors are in line to receive a $78-million distribution from the ongoing receivership of failed fund manager Bridging Finance Inc. Most other investors are going to have to wait, however. In a new court filing, PricewaterhouseCoopers Inc. (PwC), in its role as the receiver for ...
About Us - Investment Executive
WEBInvestment Executive (IE) is Canada’s national newspaper for financial professionals. Launched in 1989, IE is published up to 10 times a year with one special supplement. Its circulation comprises more than 31,000 financial advisors, industry executives and portfolio managers. No other financial media has the depth of IE.
Sagicor buys insurer Ivari for $325 million - Investment Executive
WEBAug 26, 2022 · Barbados-based Sagicor Financial Company Ltd. is acquiring Toronto-based life insurer Ivari for $325 million, the firms announced on Thursday. The acquisition, which is subject to regulatory approvals, is expected to close in 2023. Ivari, owned by Norwalk, Conn.-based Wilton Re Ltd., has $13.9 billion in assets under management (2021) and …
How are Emerge’s 11 ETFs doing a month into cease-trade order?
WEBMay 8, 2023 · 10:47. iStock. A month after the Ontario Securities Commission placed a cease-trade order on all 11 ETFs offered by Toronto-based Emerge Canada Inc., most of the funds are showing negative performance over that period. Further, most funds are significantly underperforming their category peers, according to data from Chicago-based Morningstar Inc.
Firms get mixed reviews for business development
WEBJun 14, 2021 · The other two firms rounding out the top three for business development support were IG Wealth Management (with a rating of 8.4, up from 8.1 in 2020) and Assante Wealth Management (Canada) Ltd. (8.5, down from 8.7 a year ago). IG Wealth advisors were particularly pleased with their dealer’s client seminars and marketing materials.
IFIC CEO to retire this year | Investment Executive
WEBJune 30, 2022. 10:48. Paul Bourque, president and CEO of the Investment Funds Institute of Canada (IFIC), is set to retire at year’s end, the institute said in a release on Wednesday. “The industry has benefited enormously from Paul’s effective and principled leadership since he joined IFIC in June 2016,” said Rick Headrick, chairman of ...
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.
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.