Canada’s Financial Industry Newspaper | Investment Executive
WEBVersaFi CEO wants to make finance sector more inclusive. Investment Executive has the latest news and analysis on investment products, industry news and securities regulation for financial advisors.
Emerge ETFs to be liquidated before end of year
WEBOct 19, 2023 · As reported by Investment Executive in April, Emerge’s six ARK ETFs were owed more than $2.5 million in receivables from Emerge as of June 30, 2022 — an amount that had grown more than fivefold over two-and-a-half years.The OSC’s May decision revealed that receivable had increased to $5.5 million, which represents about 5% of the assets held in the ARK ETFs as of May 10.
Product roundup: Wealthsimple launches private equity fund
WEBNov 22, 2023 · Like the private credit fund Wealthsimple launched in March with Sagard, the private equity fund is open-ended, with quarterly redemptions up to a limit of 5% of the fund’s assets. The management fee is 1.5%, with a 12.5% performance fee that kicks in at an 8% hurdle. Chief investment officer Ben Reeves said private equity offers the ...
CI Financial’s Darie Urbanky will depart at the end of next year
WEBDecember 21, 2023. 11:21. iStockphoto. Darie Urbanky, president and chief operating officer and head of asset management with CI Financial Corp., will retire at the end of 2024. To begin the leadership transition, chief investment officer Marc-André Lewis will become co-head of CI Global Asset Management as of Jan. 1, 2024.
Industry moves this week - Investment Executive
WEBBy: Katie Keir. August 16, 2024. 13:32. iStockphoto. Each week, we summarizes notable moves across the financial industry. Neil Klempner has joined IG Wealth Management as director of business development. He comes from Manulife Wealth (formerly Manulife Securities), where he worked for more than a decade and was most recently a …
PwC plans payouts to Bridging investors in 2024
WEBJanuary 22, 2024. 15:33. iStockphoto. Investors who were harmed in the collapse of alternative fund manager Bridging Finance Inc. are a step closer to getting some money back, but almost $300 million in disputed creditor claims must first be resolved. According to new filings in the firm’s receivership proceeding, Bridging’s court-appointed ...
Don’t rush to sell assets due to higher inclusion rate, experts say
WEBApr 30, 2024 · Clients who hold investments in a corporation will lose access to the 50% CGIR on all gains realized in a corporation on June 25. “Corporate clients may look to move assets to personal name as opposed to corporate name to access the 50% inclusion rate for gains up to $250,000,” George said. However, the process of accessing cash flow from a ...
Straight talk on financial planning software - Investment Executive
WEBDec 11, 2023 · The software is designed specifically for Canadian taxation, which is invaluable for our clients with holding companies, individual pension plans, RRSPs, family trusts, and more. While it maynot be the simplest software, its capability to address intricate financial scenarios sets it apart. Cesare Salerno, Vice-president and regional director ...
Delay for OSC’s Bridging hearing denied - Investment Executive
WEBMay 1, 2024 · 13:41. iStockphoto. Ontario’s Capital Markets Tribunal denied a bid to delay the Ontario Securities Commission’s (OSC) proceedings against a trio of executives at failed fund manager Bridging Finance Inc. (BFI). The OSC has alleged that the firm’s co-founders, David and Natasha Sharpe, and its one-time chief compliance officer, Andrew ...
Landscape more favourable for long-term bond ETFs
WEBFeb 12, 2024 · For that reason, BMO GAM strategists favour modest exposure. In a typical 60/40 portfolio that holds 40% in bonds, Lee suggested a reasonable allocation to long-term bonds would be 3%–5% of total assets. Within the Canadian long-term category, funds such as the BMO Long Federal Bond Index ETF and Mackenzie’s new ETF invest exclusively in ...