Wealth management income was down in the quarter
Analyst says results could lead to negative earnings revisions around fee income growth in wealth management
CI Financial Corp. is taking a “centralized” approach to advisor recruitment, in part to avoid having its CI Assante Wealth Management and Aligned Capital Partners businesses compete against each other. “As opposed to Assante looking for advisors to recruit, Aligned looking for advisors to recruit, [and] sometimes bumping into one another, now [we’re] having just […]
The firm reported net income attributable to common shareholders of $151 million in Q1, down 13%
Insurers attribute performance in some areas to higher rates, lower equity markets
Mackenzie's investment fund sales declined
The quarterly results reflect the insurer's medium-term goals, the CEO said
Most executives' compensation last year exceeded their target pay
Net interest margins set to expand as rates rise, loan growth picks up
Strength in Canadian, U.S. retail banking underpinned revenue growth