Industry News

Berkshire sale a gain or loss for embattled AIC?

Today’s conventional wisdom dictates that having an in-house distribution network is a definite advantage for today’s dealers. So with the announced sale of Berkshire-TWC Financial Group to Manulife Financial on Tuesday, some are asking what happens to Berkshire’s redemption-plagued corporate sister, AIC Limited. The success of some of today’s biggest fund companies has been attributed […]

By Mark Noble |June 27, 2007

3 min read

Manulife to buy Berkshire-TWC

Manulife Financial has struck a deal to acquire Berkshire-TWC Financial Group Inc., bringing more than 700 advisors from 237 branches into the fold of the insurance colossus. “When coupled with Manulife Securities, this will double our number of wealth management advisors across Canada and triple assets under administration in that business,” said Paul Rooney, president […]

By Steven Lamb |June 26, 2007

3 min read

Briefly:

(June 26, 2007) Scotiabank announced Tuesday the signing of a definitive agreement to acquire TradeFreedom Securities, a privately owned Canadian online brokerage boutique. Terms of the transaction were not disclosed. Scotiabank says TradeFreedom, which was founded in 1999, is geared toward active traders and investors, and provides a bundle of services, including instant trading and […]

By Staff |June 26, 2007

4 min read

Briefly:

(June 25, 2007) AGF Funds has named Marc-André Robitaille, president of Robitaille Asset Management Inc., as portfolio manager for the AGF Dividend Income Fund, effective immediately. The announcement marks the return of Robitaille, who had managed the fund in the past. Since January 2007, the fund has been managed by Martin Hubbes, AGF executive vice-president […]

By Staff |June 25, 2007

3 min read