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.
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 …
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.
Seg funds 101 - Investment Executive
WEBJun 14, 2021 — 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. By law, a seg fund must guarantee a return of at least 75% of the original capital, and many provide guarantees for 100%.
Emerge borrowed US$200,000 from employees as business tanked
WEBNov 8, 2023 — 09:31. Three employees of Emerge Canada Inc. have filed a notice of motion against Lisa Lake Langley and her Buffalo, N.Y.-based company, Emerge Capital Management Inc., for failing to repay nearly US$200,000 they lent the firm earlier this year. According to documents filed with the Erie County Clerk in October, two Ontario-based employees of ...
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 ...
Canadian investors love dividends. Here’s where to find them in ETFs
WEBFeb 13, 2024 — The $1.6-billion iShares Canadian Select Dividend Index ETF, for one, is tilted toward income, with a recent distribution yield of 5%. More than half of the assets in the 30-stock portfolio are in the financial sector. Also in the dividend-yield camp is the $1.5-billion iShares S&P/TSX Composite High Dividend Index ETF (XEI), whose recent ...
CI Financial acquires Northwood Family Office
WEBBy: Rudy Mezzetta. January 11, 2022. 10:09. CI Financial Corp. has acquired Toronto-based Northwood Family Office, a multi-family office firm with $2.2 billion in assets under management, CI announced Tuesday. The acquisition is expected to increase CI’s Canadian wealth management assets to approximately $81 billion.
Six sustainable finance trends to watch in 2021
WEBJanuary 8, 2021. 15:17. The coming year is set to be a watershed for sustainable finance in Canada as the federal government and financial industry stakeholders double down on climate-conscious policies and practices. Here are six key trends that will shape Canada’s sustainable finance landscape in 2021.
CI acquires majority stake in Aligned Capital
WEBBy: Rudy Mezzetta. August 5, 2020. 09:33. Toronto-based CI Financial Corp. is acquiring a majority interest in Aligned Capital Partners Inc., a Burlington, Ont.-based full-service advisory firm with $10 billion in assets and over 200 financial advisors across Canada. “Aligned Capital, with its rapid growth, is an excellent partner for CI as ...