Industrial Alliance has completed the acquisition of HollisWealth from Scotiabank, effective August 4, 2017
CI Financial Corp. today reported preliminary assets under management (AUM) at July 31, 2017, of $120.4 billion and total assets of $160.5 billion. AUM grew by $7.4 billion or 6.5% year over year, and declined 0.6% in the month of July. Total assets gained $10.8 billion or 7.2% for the 12-month period and decreased by […]
Ullman Wealth Management Inc., a new and independent private capital manager, has launched under the leadership of CEO Lawrence Ullman. Ullman, a registered portfolio manager and 20-year veteran of firms such as RBC Dominion Securities and Richardson GMP Ltd., is joined by portfolio manager Craig McGee and associates Jonathan Tang, Fernando Moleirinho, Erina Khalique and […]
CIBC has entered into a definitive agreement to acquire Geneva Advisors for up to US$200 million. Geneva Advisors is an independent private wealth management firm headquartered in Chicago. On closing, the firm becomes part of CIBC Atlantic Trust Private Wealth Management. Focused on high-net-worth clients, Geneva Advisors has US$8.4 billion in assets under management and […]
Buffett discussed the U.S. tax system with PBS Newshour
CIBC president and CEO Victor Dodig has announced changes to the bank's leadership team
Single parents are most prepared to transfer their wealth, according to an RBC survey of families in Canada, the U.K. and U.S. RBC found that 38% of single-parent families have a comprehensive wealth transfer strategy, compared to 26% for nuclear families and 24% for blended families (those that have children from current and previous relationships). […]
Canaccord Genuity’s Canadian wealth management segment doubled its assets under management over the past year, with the average advisory team book size reaching nearly $100 million, the company said in its fiscal year-end results. The Canadian segment’s AUM at the end of March was $2.6 billion, rising 109.8% from $1.3 billion at the end of […]
Scotiabank reports Q2 net income of $2.06 billion compared to $1.58 billion in the same period last year
Desjardins Group’s life insurance, heath insurance and retirement savings unit reported a surge in profits in Q1 as assets under management and administration reached a record $100 billion. For the three-month period ending March 31, Desjardins Financial Security reported net income of $133.3 million, up 34.5% from $99.1 million in the same period a year […]