Industry

Wealth management earnings roundup

Several financial firms released earnings reports this week, with most seeing increases in income and assets under management.

By Staff |February 17, 2017

1 min read

Two people permanently banned, fined $2.4 million each

The British Columbia Securities Commission (BCSC) has permanently banned two people for fraud and breaches of cease trade and temporary orders: Richard Lian (also known as Richard Terry Ruuska) and Enna M. Keller. In the same decision, the panel also ordered permanent bans against EagleMark Ventures and Falcon Holdings for breaching the same cease trade […]

By Staff |February 16, 2017

2 min read

IA Financial’s AUA grows 9% in 2016

IA Financial Group grew its assets under administration in 2016, reaching $126.2 billion at the end of the year, up 9% from $115.8 billion at the end of 2015. Reporting its fourth-quarter results for the period ending December 31, 2016, the company said net income for its individual wealth management segment was $120 million for […]

By Staff |February 16, 2017

1 min read

CI Financial reports 6% increase in AUM

CI Financial has reported assets under management of $117.9 billion for year-end 2016, up $6.8 billion or 6% from 2015. The company reports strong fund performance in four of the last five quarters but declining net sales due to net redemptions from institutions and from the IIROC-licensed advisor channel. Total assets, which include mutual, segregated […]

By Staff |February 16, 2017

1 min read