Market strategists and money managers reassessed their positions after Donald Trump’s surprise victory did not shock global markets as anticipated.
Assante Wealth Management and Stonegate Private Counsel, the wealth advisory divisions of CI Financial Corp., reached a record $37 billion in assets under management, the company said on Thursday. The results for CI Financial’s Q3 ending September 30 came amid headwinds from new regulations and pressures to change fees, Peter Anderson, CI’s chief executive, said […]
Taxes, and dealing with the IRS, are the most common reasons people want to ditch their U.S. citizenship. But amid a highly polarized American electorate, and Donald Trump’s odds of becoming the next president, the United States may be looking at even more citizens renouncing. After the Foreign Account Tax Compliance Act (FATCA) became law […]
Look for trends, not trades, in data
Advisors may have the ability to offer clients direct online investing in mortgages within five years. That’s the hope of Lending Loop chief executive Cato Pastoll, who expects peer-to-peer lending in Canada to expand quickly into consumer lending like mortgages after such an evolution of the sector in the U.K. and U.S. “I’m hopeful it […]
Advisor retention has also been strong.
How fixed income managers are responding
The number of firms registered to trade securities has continued to fall, reaching 167 this month. And one industry group predicts an additional decline of 50 more investment houses over the next few years. IIROC, the self-regulatory group that registers securities dealers and dealer firms, tells Advisor.ca the number of regulated firms is down from […]
A new online provider thinks it has something to offer advisors.
What's in store if Clinton wins? Or Trump?