Program partners complete reviews
Seamark Asset Management Ltd. has been advised that its largest wrap program partner intends to discontinue its use of Seamark’s investment services effective June 30, the company said Thursday.As part of the normal course of business, this will result in a review of Seamark’s services by other wrap program partners, the Halifax-based investment manager says.The […]
An impairment charge and a future tax asset valuation resulted in a reduction of earnings
Seamark Asset Management Ltd. announced Friday that it is suspending its quarterly dividend after its profit fell by 50% in the third quarter.Net earnings for the quarter ended Sept. 30 were, $300,000, 3¢ a share. That compared with $641,000, or 6¢ a share in the year-ago period.Total revenue fell to $2.5 billion during the quarter […]
Seamark Asset Management Ltd. today announced weaker earnings for the second quarter ended June 30, as assets under management declined.Earnings for the quarter were $312,000, or 3¢ a share compared to $664,000, or 6¢ a share for the second quarter 2007. The decline in earnings per share reflects a decline in revenues.Revenues for the quarter […]
Seamark Asset Management Ltd. today announced a drop in earnings for the first quarter ended March 31.Net earnings for the quarter were $316,000, or 3¢ a share, down sharply from $1.01 million, or 9¢ a share, for the year ago period.Total revenue for the quarter was $3.07 million, down from $4.06 million a year ago.Assets […]
Seamark Asset Management Ltd. reports that it ended the fourth quarter with an estimated $3.87 billion in assets under management.Full year 2007 financial results are scheduled for release on February 13, 2008.Halifax-based Seamark provides investment management services across Canada to institutional clients, mutual funds, private clients, and wrap programs of many of Canada’s leading investment […]
Decline in AUM curbs revenues