Toronto-based Caldwell Mutual Funds has ended its relationship with New York-based Strategy Asset Managers, which had been providing investment advice for Caldwell Balanced Fund and Caldwell America Fund. Caldwell Investment Management Ltd. will take responsibility for managing the funds.
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