Advisors' Report Card 2024 | Investment Executive
Nov 15, 2024 · Advisors’ Report Card 2024 main chart. How advisors across the financial advice industry rated their channels, based on average firm results. November 15, 2024 November 15, 2024; 09:36
Industry moves this week | Investment Executive
Nov 20, 2024 · Each week, we summarize notable moves across the financial industry. Roy Gori, president and CEO of Manulife, announced he will retire in May. Phil Witherington, current president and CEO of the Asia segment, will take over the position.Gori will continue to serve as an advisor until August 2025 to support the transition to Witherington.
Industry moves this week | Investment Executive
Nov 14, 2024 · Each week, we summarize notable moves across the financial industry. RF Capital Group Inc. appointed Francis C. Baillargeon as chief financial officer, effective Nov. 18. Baillargeon replaced Tim Wilson, who became the CFO of Peoples Group in August. Baillargeon spent the last four years as CFO of FLO EV Charging.Prior to that, he was an executive in corporate development and strategy at TD Bank.
U.S. will enter a recession in 2025: BCA Research
Nov 22, 2024 · Both the U.S. and Canadian economies will go into recession in 2025, according to Peter Berezin, chief global strategist at BCA Research. Neither will suffer the kind of balance sheet recession that followed the global financial crisis in 2008, but he’s pessimistic about both central banks’ ability to engineer a soft landing.
SEC reports record financial remedies | Investment Executive
Nov 22, 2024 · “What our numbers do not reflect … are countless investigations that may not have resulted in an enforcement action for evidentiary or other reasons, or where we declined to pursue an enforcement action, but that shined a spotlight on potentially problematic conduct and caused responsible market participants to cease engaging in it,” said Sanjay Wadhwa, acting director of the SEC’s ...
Canada’s Financial Industry Newspaper | Investment Executive
Investment Executive has the latest news and analysis on investment products, industry news and securities regulation for financial advisors.
Product roundup: Dynamic Funds, Desjardins roll out new funds
Nov 25, 2024 · Desjardins Investments Inc. and Dynamic Funds have both added new offerings. Desjardins announced the launch of five new mutual funds on Nov. 18, including three target-maturity investment-grade bond funds and two global equity funds. The target-maturity investment-grade bond funds — available in ...
Bridging execs engaged in fraud: tribunal | Investment Executive
Oct 29, 2024 · The husband and wife team that founded alternative fund manager Bridging Finance Inc. (BFI) engaged in fraud that involved utilizing assets from the firm’s funds in conflicted transactions that benefited them personally, Ontario’s Capital Markets Tribunal has ruled — while the firm’s collapse is expected to result in more than $1 billion in investor losses.
Boosting banks' defences to fund risks | Investment Executive
Dec 11, 2024 · “In recent years, there have been additional cases of significant mismanagement of counterparty credit risk, including events linked to the failure of Archegos Capital Management in March 2021, which caused over US$10 billion in losses across numerous financial institutions,” the Basel Committee noted in the paper setting out its new guidance.
Fidelity wins top group honours at Lipper Awards
Nov 7, 2024 · Canoe Financial LP received the award for best mixed-asset mutual fund group, while Bridgehouse Asset Managers won the group award for equity mutual funds and Leith Wheeler Investment Counsel Ltd. took the group award for bond mutual funds.