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.
Must an employer provide a Form T2200? | Investment Executive
WEBFeb 16, 2024 · Many Canadians will be asking their employer for a signed Form T2200: Declaration of Conditions of Employment to allow them to claim employment expenses related to working from home. However, employers have no legal requirement to provide one. “Under the Income Tax Act, there’s nothing …
Italian financial software firm buys Nest Wealth
WEBJan 22, 2024 · The financial details of the deal were not disclosed. Nest Wealth was founded in 2014 as a robo-advisor for retail investors before expanding with its Nest Wealth Pro tool for financial advisors.Its clients include asset managers, custodians and some of the big banks — including National Bank, which invested $6 million in Nest Wealth through its venture capital arm NAventures in 2017.
Industry moves this week - Investment Executive
WEBApr 15, 2024 · 13:17. Each week, Investment Executive summarizes notable moves across the financial industry. Alain Desbiens will retire from BMO Global Asset Management and the BMO ETF team on May 1. He initially joined BMO ETFs in 2010 as vice-president of sales for Quebec and Atlantic Canada, with a promotion in 2018 to a …
Emerge ETFs to be liquidated before end of year
WEBOct 19, 2023 · As reported by Investment Executive in April, Emerge’s six ARK ETFs were owed more than $2.5 million in receivables from Emerge as of June 30, 2022 — an amount that had grown more than fivefold over two-and-a-half years.The OSC’s May decision revealed that receivable had increased to $5.5 million, which represents about 5% of the assets held in the ARK ETFs as of May 10.
New penalty remains as GAAR legislation tabled
WEBDec 8, 2023 · Under C-59, the penalty would be calculated as 25% of the additional tax owing by a taxpayer as a result of the GAAR’s application. This is slightly harsher than the calculation in the August proposal since it includes the value of refundable tax credits lost when GAAR was applied. The total amount is then reduced by the value of any “gross ...
Strategies to protect clients’ retirement income
WEBNov 27, 2023 · Considering these risks, financial advisors must work with their clients to develop and maintain a comprehensive retirement plan and investment approach that is keenly focused on goals and hedging against threats such as inflation. High inflation is generally shorter term, and maintaining a focus on …
CI Financial’s Darie Urbanky will depart at the end of next year
WEBDecember 21, 2023. 11:21. iStockphoto. Darie Urbanky, president and chief operating officer and head of asset management with CI Financial Corp., will retire at the end of 2024. To begin the leadership transition, chief investment officer Marc-André Lewis will become co-head of CI Global Asset Management as of Jan. 1, 2024.
Industry moves this week - Investment Executive
WEBBy: Katie Keir. August 16, 2024. 13:32. iStockphoto. Each week, we summarizes notable moves across the financial industry. Neil Klempner has joined IG Wealth Management as director of business development. He comes from Manulife Wealth (formerly Manulife Securities), where he worked for more than a decade and was most recently a …
Product roundup: Wealthsimple launches private equity fund
WEBNov 22, 2023 · Like the private credit fund Wealthsimple launched in March with Sagard, the private equity fund is open-ended, with quarterly redemptions up to a limit of 5% of the fund’s assets. The management fee is 1.5%, with a 12.5% performance fee that kicks in at an 8% hurdle. Chief investment officer Ben Reeves said private equity offers the ...
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