Two Manulife dealer subsidiaries allegedly overcharged clients in fee-based accounts between 2005 and 2016
Firm failed to disclose referral arrangement with Portus to clients
Société General agrees to settle class action suit by paying $611 million
Settlement in the best interest of Portus investors, Manulife says
The firm has taken several significant steps since formally merging with Berkshire this past summer
For Rick Annaert, President and CEO of Waterloo, Ont.-based Manulife Securities International Ltd., the summer promises to be a busy one. Over the next several months, he will travel across the country, explaining to advi-sors the repositioning of Manulife Securities as a full-service wealth-management company. More than 10 months have passed since its parent, Toronto-based […]
Purchase will significantly expand Manulife wealth management business in Canada
CEO Gray no longer with firm
Offer to help Portus clients deemed “fair and reasonable”
Manulife Financial Corp. is reassuring clients of advisors licensed by subsidiary Manulife Securities International Ltd. that it will guarantee the recovery of 100% of their principal invested in products of Portus Alternative Asset Management Inc. In an open letter to clients Thursday, president and CEO Dominic D’Alessandro said he is leading a senior executive team […]