Industry

Wealthsimple partners with Forstrong for active management

Wealthsimple for Advisors has partnered with Forstrong Global Asset Management Inc. Read: Wealthsimple says it can compete in U.S. market The partnership allows financial advisors to invest client assets in Forstrong’s actively managed investment strategies, using Wealthsimple’s platform for advisors. Also read: Is your client cheating on you? Major data breach touches U.S. robo, but […]

By Staff |March 6, 2017

1 min read

Empire Life appoints two vice-presidents

Empire Life has made two new appointments. Erik Kalin is now vice-president and COO of retail, overseeing retail insurance and investments operations. He was previously vice-president of IT strategy and innovation. Jonathan Hede joins Empire Life as vice-president of risk management, effective today. Hede is an experienced actuarial and risk management executive with an extensive […]

By Staff |March 6, 2017

1 min read

Richardson GMP revenue gains 11% year-on-year

Richardson GMP’s revenue increased to $73.4 million in Q4 2016, an 11% increase over the same period a year earlier. The increase was primarily driven by higher management fees and client trading commissions, GMP Capital says in its earnings release for the fiscal quarter ended December 31, 2016. GMP Capital owns a non-controlling 31% interest […]

By Staff |March 6, 2017

1 min read

Confidence in investment vehicles surges, despite cash challenges

Canadian investor confidence in mutual funds is on the rise, reveals the latest Manulife investor sentiment index. Overall, confidence in mutual funds increased to 22% in December 2016, up from 11% in November 2015. Similarly, IFIC reports an increase in mutual fund assets of $133.2 billion, or 11%, between January 2016 and January 2017. Read: […]

By Staff |March 6, 2017

2 min read