Canada’s Financial Industry Newspaper | Investment Executive
WEBBy: IE Staff. Investment Executive has the latest news and analysis on investment products, industry news and securities regulation for financial advisors.
FundEX merges with Investia - Investment Executive
WEBBy: IE Staff. July 5, 2021. 11:22. FundEX Investments Inc. merged its mutual fund dealer operations with sister company Investia Financial Services Inc. on July 1. As a result of the merger, FundEX and Investia have become one entity under the Investia banner, which is part of iA Financial Group. The merger has made Investia the “the largest ...
Seg funds 101 - Investment Executive
WEBJun 14, 2021 · Seg funds have two parts: a pooled investment component (similar to a mutual fund), plus an insurance policy that protects against the loss of the invested capital when a contract matures. By law, a seg fund must guarantee a return of at least 75% of the original capital, and many provide guarantees for 100%.
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 ...
Emerge liquidates ETFs without paying receivables
WEBDec 21, 2023 · The ETFs had been untradeable since the Ontario Securities Commission (OSC) placed a cease-trade order (CTO) on all 11 of Emerge Canada Inc.’s ETFs on April 6, after Emerge missed its deadline to file audited annual financial statements. The order represented the first time a CTO had been placed on a family of ETFs in Canada.. On May 11, the OSC suspended Emerge Canada’s registration for ...
Flurry of lawsuits follows Bridging collapse - Investment Executive
WEBJul 18, 2023 · As a result of the firm’s collapse, investors in the Bridging funds are expected to lose over $1 billion collectively. Yet, the receiver is seeking over $3.7 billion in damages in its various legal actions. The first suit, filed on April 12, seeks $1.4 billion in damages against the firm’s former auditor, KPMG LLP.
iA Private Wealth approved for dual registration
WEBOct 26, 2023 · iA Private Wealth is now a dually registered investment firm, becoming one of only four across Canada to gain that status under the new self-regulatory organization. The Montreal-based wealth management arm, run by iA Financial Group, received approval for dual registration — securities and mutual funds — from the Autorité des marchés ...
News for Canadian Financial Advisors - Investment Executive
WEB6 days ago · S&P boosts forecast for Canada. Stronger-than-expected output to get a hand from monetary easing. By: James Langton. September 24, 2024. 15:03. Breaking industry and regulatory news for IIROC, MFDA and life insurance-licensed financial advisors, portfolio managers and financial planners.
Bridging investors must be treated equally, ruling says
WEBNovember 20, 2023. 11:36. iStockphoto. The Court of Appeal for Ontario overturned a lower court ruling that granted certain investors in the funds of failed manager Bridging Finance Inc. the first crack at getting their money back. In April, Chief Justice Geoffrey Morawetz of the Superior Court of Justice ruled that investors with “rescission ...
Bank-owned SUV or independent race car? | Investment Executive
WEBOct 12, 2021 · Charlie Spiring, Founder and Senior Investment Advisor, Wellington-Altus, says cultivating the firm’s passionate, inclusive and entrepreneurial culture is a top priority across the organization. “It’s a culture that allows advisors to have a voice, to have a say in the direction of the firm, because everybody is a shareholder,” he explains.