Canada’s Financial Industry Newspaper | Investment Executive
WEBVersaFi CEO wants to make finance sector more inclusive. Investment Executive has the latest news and analysis on investment products, industry news and securities regulation for financial advisors.
Great-West Lifeco completes acquisition of Canada Life
WEBJuly 10, 2003. 08:25. Great-West Lifeco Inc. and Canada Life Financial Corp. announced Thursday that GWL has completed its acquisition of Canada Life. GWL paid approximately: $4.2 billion in cash; 56 million GWL common shares; 24 million GWL Series E 4.80% preferred shares; 8 million GWL Series F 5.90% preferred shares, to holders of Canada ...
More employees will be asking companies for home office …
WEBJan 12, 2024 · More employees are going to need T2200s this year, said Edward Rajaratnam, a tax partner at EY Canada in Toronto, during a Jan. 10 webinar presented by the firm on the topic of home office expenses.
Qtrade, Credential and NEI Investments announce merger
WEBDec 12, 2017 · Qtrade Financial Inc., Credential Financial Inc. and NEI Investments announced on Tuesday that they will be merging in a deal that will create Aviso Wealth, an independent wealth-management provider for the Canadian credit union (CU) system that will have more than 500,000 clients and $55 billion in combined assets under administration and management.
CI acquires Barrett Asset Management - Investment Executive
WEBMar 11, 2021 · 12:15. iStock. CI Financial has announced an agreement to acquire Barrett Asset Management, LLC, a New York-based registered investment advisor (RIA) that manages more than US$2.5 billion in assets for high-net-worth and ultra-high-net-worth clients. The deal, once completed, gives CI Financial approximately US$50 billion in …
The Bridging Finance case - Investment Executive
WEBApr 24, 2024 · Flurry of lawsuits follows Bridging collapse. Failed firm's receiver has filed a series of legal actions against various players in the saga. July 18, 2023. 17:35. Follow our coverage of Bridging Finance Inc., a portfolio manager and exempt market dealer based in …
BMO Capital Markets names new head of U.S. leveraged finance …
WEBJan 13, 2010 · 12:12. BMO Capital Markets announced Wednesday that it has appointed David Weiss as managing director and head of U.S. Leveraged Finance Distribution and Trading. The appointment reflects the firm’s focus on growth in the area of U.S. leveraged loans and bonds. Weiss, a 25-year Wall Street veteran, will be …
Court orders Emerge Capital Management to repay employees …
WEBAug 13, 2024 · The Erie County Supreme Court has ordered Lisa Lake Langley and her Buffalo, N.Y.–based company, Emerge Capital Management Inc., to pay judgments totalling more than US$280,000 to three former Emerge Canada Inc. employees who lent nearly US$200,000 to the U.S. firm and haven’t been repaid.. According to the judgments, which were entered on Aug. 5, Langley and Emerge Capital Management are ...
Seg funds 101 - Investment Executive
WEBJun 14, 2021 · In more detail, a seg fund is an insurance contract issued by a life insurance company and regulated by the federal Insurance Companies Act. Seg funds have two parts: a pooled investment component (similar to a mutual fund), plus an insurance policy that protects against the loss of the invested capital when a contract matures.
Firms announce combination of Invesco and OppenheimerFunds
WEBBy: IE Staff. October 18, 2018. 15:00. Atlanta-based Invesco Inc. will acquire OppenheimerFunds, Inc., an affiliate of Springfield, Mass.-based Massachusetts Mutual Life Insurance Co. (MassMutual), the companies announced Thursday. In turn, MassMutual will become a significant shareholder in Invesco, with an approximate 15.5% stake.