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Each manager comes from the firm’s integrated in-house investment boutiques

Each manager comes from the firm’s integrated in-house investment boutiques

Career path, standards less clear in financial advice than in other fields Professionals in any trade “have a sacred obligation to the client and society as a whole,” Blaine Aikin, founder of Fiduciary Insights, said in the keynote presentation at the InvestmentNews RIA Summit. May 18, 2021 3 MINS The path to becoming a financial adviser is not as clear as the paths to other professions, like doctors and lawyers, but that is changing, and more people should be prepared for a heightened fiduciary obligation. Professionals in any trade “have a sacred obligation to th...

The firm's assets under management continued to grow in the first quarter

Mark Burgess Toronto-based CI Financial Corp. reported a $124.2-million profit for the first quarter, with assets under management growing despite another period of net redemptions. The asset manager’s $124.2-million net income attributable to shareholders was 3% higher than the same period last year, and 18% higher than the previous quarter. Adjusted earnings per share of $0.73 in Q1, a 30% year-over-year increase, beat analyst expectations. So did record adjusted revenue of $603.2 million, a 22% improvement from the same period in 2020. Assets under management on March 31 totalled $138.5 ...