Toronto-based Mavrix Fund Management Inc. has announced fee changes to its Mavrix Strategic Bond Fund. Effective April 14, the management fee is reduced to 1.00% and the administration fee is reduced to 0.25%, effectively creating an MER of 1.34% (that’s 1.25% plus GST). Trailing commissions remain the same. The company says it has developed “sufficient […]
It’s spring-cleaning time at Toronto-based Mackenzie Financial Corp. Following the closure of Mackenzie Universal Canadian Tactical Fund in April, the firm is proposing changes to the name and mandate of Mackenzie Maxxum Pension Fund, citing investors’ demand for income. If the proposed changes go through, the fund will be re-named Mackenzie Maxxum Monthly Income Fund […]
Standard Life Assurance Co. of Canada has added Protecta 65 to its lineup of critical illness insurance products. Protecta has guaranteed level premiums until age 65, at which time coverage ends. The base plan covers cancer, coronary artery bypass surgery, heart attack and stroke; the enhanced plan covers an additional 24 illnesses. Consumers may receive […]
All signs point to “business as usual” for First Asset Management Inc. and its affiliates following its recent acquisition by Massachusetts-based asset management firm Affiliated Managers Group Inc.The $306-million deal, which is expected to close early in the third quarter after more than a year of negotiations, will give AMG 100% ownership of Toronto-based First […]
Who better to ask about the brokerage industry than those who work in it? That’s the philosophy of Investment Executive when we invite hundreds of advisors to sound off on their industry.With their confidentiality fully ensured, 477 advisors from 12 firms across Canada offered up a first-hand glimpse of what it’s like to be a […]
Kim stanley doesn’t think critical illness insurance should be a tough sell. The 44-year- old consultant and president of The Canadian Living Benefits Centre Ltd. in Brampton, Ont., believes CI insurance fills an important need in financial planning — and she has spent the past two years crusading to bring CI awareness to the public. […]
Many family-owned companies, because of the nature of the ownership, fail to plan for problems. Here’s how advisors can help
New study shows women are less likely to experience the classic symptoms
Toronto-based Franklin Templeton Investments Corp. has launched Bissett Income Trust Fund, which will focus on the large-cap segment of the income trust market with an aim to providing investors with regular income. The fund is a viable option for investors who are looking to gain a conservative exposure to the income trust market, says Leslie […]
Altamira Investment Services Inc. has launched Altamira High-Interest CashPerformer, a daily-interest savings account with a current interest rate of 2.4%. The funds in the account are fully liquid, allowing clients to withdraw as they wish, the company says. “For advisors who are putting together an asset-allocation model that includes a cash component, it is a […]