Across all segments of the industry, advisor and management shifts are taking place
The rating agency cited "persistently high debt levels"
The bank's wealth management arm earned $169 million in the quarter, up 3% from a year ago
Across the industry, there were retirement announcements and an advisor move
CIBC's Canadian commercial banking and wealth management business earned $480 million for the quarter
Global wealth management earnings grew 9%
Wealth management income was down in the quarter
A roundup of the latest advisor and executive moves
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%