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Vancouver-based HSBC Global Asset Management (Canada) Ltd. lowered the management fees on some of its HSBC Wealth Compass Funds.
For that lineup of funds, the management fee for the Investor Series will be reduced by 0.25% and the management fee for the Manager Series by 0.15%.
The funds accounted for at least US$350 billion in global net asset value in 2023
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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