RBC Global Asset Management has a new set of seven retirement portfolios based on an investor’s expected retirement date. The portfolios work with the RBC retirement income solution and follow a retirement timeline designed to meet the needs of investors throughout their investing lifetime. Read: Custom portfolios now offered by robo ModernAdvisor RBC says they […]
LOGiQ Asset Management Inc., formerly known as Aston Hill Financial Inc., has completed the previously announced transaction between Aston Hill Financial and the vendors of Front Street Capital 2004 and Tuscarora Capital Inc. to combine their respective companies.
IA’s wealth strategy has been to grow through mergers, having made 25 acquisitions in wealth management since 2000.
IA Financial Group has reached a deal to purchase HollisWealth from Scotiabank, making it one of the largest non-bank wealth management advisory firms in Canada with $75 billion in AUA. Insurer IA Financial and the Bank of Nova Scotia announced the deal on Monday, merging the fourth-largest independent advisor network in Canada with Industrial Alliance. […]
Will your client be the next Canadian millionaire? Canada has 1.1 million people with US$1 million, reveals the annual wealth report by the Credit Suisse Research Institute. By 2021, that number will increase 50% to 1.68 million people. Read: What’s an advisor worth to clients? 290% more in assets The average wealth per Canadian is […]
Advisor retention has also been strong.
Larry Tomei succeeds Betty Miao, who is taking a new role with HSBC in Asia.
LePoidevin Group is now part of Canaccord's Canadian wealth management division.
Warren Buffett has occupied the second spot on the Forbes 400 list of the wealthiest Americans for 15 years, but this year he's been knocked down a peg.
Canaccord's Canadian wealth management strategy is "bespoke" services for high net worth clients.