Quebec to drop withdrawal limit for LIFs in 2025
Nov 11, 2024 · With the change, individuals who have Quebec-registered LIFs will have greater control over the amount of annual retirement income they receive and more tax planning flexibility, said Serge Lessard, assistant vice-president, regional tax, retirement and estate planning services, wealth, with Manulife Investment Management in Montreal.
Total TFSA contribution room to rise above $100K in 2025
Oct 15, 2024 · However, the TFSA dollar limit for 2025 can be calculated using the consumer price index (CPI) published by Statistics Canada on Tuesday, which came in at 1.6% for September 2024.. The federal indexation factor for the coming year is calculated as the average of the monthly CPI for the 12-month period ended Sept. 30 of this year divided by the average CPI for the 12-month period ended Sept. 30 ...
Canaccord acquires Wood Gundy advisory team with $1B in client …
Nov 15, 2024 · “In the competitive wealth management advisory channel, top advisors are actively seeking a platform and environment that empowers their teams to deliver on the complexities of their value propositions and achieve the client outcomes they aspire to, ” …
U.S. will enter a recession in 2025: BCA Research
Nov 22, 2024 · Both the U.S. and Canadian economies will go into recession in 2025, according to Peter Berezin, chief global strategist at BCA Research. Neither will suffer the kind of balance sheet recession that followed the global financial crisis in 2008, but he’s pessimistic about both central banks’ ability to engineer a soft landing.
Edward Jones to pay US$17 million in NASAA settlement
Jan 9, 2025 · The settlement followed an investigation that was led by a task force of 14 state regulators into the firm’s handling of client accounts in light of reforms that were adopted in 2016 by the U.S. Department of Labor (DOL) that applied a fiduciary standard to certain investment advice in retirement accounts.
U.S. brokerage failed to guard against reps’ theft
Dec 10, 2024 · “Morgan Stanley … did not have any policy or procedure that screened the ACH payment instructions [it] received from the originating financial institution for the name of the beneficiary of the ACH payments, which allowed Rodriguez, McKelvey and Chang to initiate ACH payments to pay their own credit card bills or otherwise improperly transfer funds for their own benefit,” the SEC alleged.
Reclaiming Control: How Edward Jones Rewards Me for Building …
Dec 9, 2024 · Despite my experience and the value I brought to clients, I found myself tied up in meeting shifting internal targets and navigating firm priorities that didn’t always align with serving my clients in the best possible way.
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What investors can expect in 2025 | Investment Executive
Dec 11, 2024 · So, what does this all mean for the global and Canadian economies? Quite a lot. In 2025 central banks are expected to diverge on their rate-cutting measures, with slowing economies such as Canada and the EU lowering policy rates much further than the U.S. to stimulate a rebound in domestic demand and close the output gap.
Fund sales climb, assets surge in November: IFIC
Dec 20, 2024 · On the ETF side, net sales gained too. In November, overall net sales topped the $9-billion mark, up from $8.4 billion in October. Equity funds led the way, with $6.6 billion in monthly net sales, up from $4.5 billion in October.