In September, Richardson GMP became the largest independent wealth manager in Canada with the $132-million purchase of Macquarie Canada’s retail business. CEO Andrew Marsh tells Wealth Professional’s Christopher Myrick what prompted the deal and the big changes he sees for Canadian advisors
Advisors are disappointed to see one of Canada's longest serving finance ministers go, and hope the man next in line will pick up the reigns without a hitch.
Advisors are sounding off with support for new small business tax incentives, a way of invigorating an increasingly important client base now struggling to generate capital.
No need for statutory fiduciary duty, says law firm
Another global major has reportedly been seeking to exit the Canadian wealth management business – following the route of the UK’s HSBC and Australia’s Macquarie. Why is Canada such hostile territory for foreign players?
Both industry insiders and industry critics are applauding Finance Minister Jim Flaherty's big win in his quest to form a national securities regulator.
Richardson GMP's deal to acquire Macquarie’s Canadian business is a clear sign of a collapsing industry, says IIAC president Ian Russell.
The Big Six are aggressively boosting assets under management. Will the remaining pie be big enough to sustain independent operators?
As the Big Six grow their wealth businesses, they are increasingly in a position to push multi-service offerings. Should mutual-fund guys be worried?
The Big Six chartered banks all posted double-digit growth in their wealth management operations and you can expect them to continue to expand aggressively.