The firm also announced earnings results for second quarter of 2021
Most S&P 500 companies beat expectations in the most recent quarter as sales growth soared, but managers warn that strength may not last
Global wealth and asset management net inflows reached $8.6 billion
Canada was the biggest contributor to net profits in the quarter
The firm said it will continue to grow its wealth management business
MassMutual business contributed to the results
After taking full ownership of Richardson Wealth, the firm now has $34 billion in assets under administration
Expected profit on in-force business also fell by 4%
Sales rose in the individual insurance and wealth management divisions
Economic momentum would support market upside