Global wealth and asset management net inflows reached $8.6 billion
Canada was the biggest contributor to net profits in the quarter
Investment fund sales and assets under management topped previous highs
The firm said it will continue to grow its wealth management business
MassMutual business contributed to the results
After taking full ownership of Richardson Wealth, the firm now has $34 billion in assets under administration
Expected profit on in-force business also fell by 4%
Sales were up in iA’s individual insurance and wealth management divisions
While results were largely stronger than a year ago, quarter-over-quarter earnings were down for 16 firms
The firm said it will continue to focus on recruitment and organic growth