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.
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.
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 ...
Computershare completes acquisition of EquiServe
WEBBy: IE Staff. June 20, 2005. 09:55. Computershare Ltd. announced today that is has completed its acquisition of EquiServe from DST Systems, Inc. Compushare says an integration team of executive from both firms has already identified significant cross-marketing opportunities. The addition of EquiServe …
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.
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.
Firms announce combination of Invesco and OppenheimerFunds
WEBOct 18, 2018 — Atlanta-based Invesco Inc. will acquire OppenheimerFunds, Inc., an affiliate of Springfield, Mass.-based Massachusetts Mutual Life Insurance Co. (MassMutual), the companies announced Thursday. In turn, MassMutual will become a significant shareholder in Invesco, with an approximate 15.5% stake. Invesco is …
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.
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 …
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.