Royal Mutual Funds Inc. has eliminated sales charges on third-party funds sold through its retail branch network. “Enhancing our third-party offerings demonstrates our focus on expanding branch-based relationships with clients,” Anne Lockie, president and CEO of Royal Mutual Funds, said in a news release. The change brings third-party products in line with the fund company’s no-load proprietary fund family, which has never been subject to sales charges.
The funds accounted for at least US$350 billion in global net asset value in 2023
Demographics, tech advancements expected to drive growth in the sector
Geopolitical tensions, concerns over weak returns fuel shift away from the world’s second-largest economy
Some institutional investors are leading the move toward greater transparency
Firms must communicate with advisors and provide training when implementing new systems
Advisors want fair compensation plus the ability to avoid conflicts of interest when meeting clients' needs
The acquisition also marks the launch of Canaccord’s Ottawa office