Many pension plans use risk systems to test how different scenarios would affect their portfolios. Traditionally, risk models use thousands of scenarios. The likelihood that these scenarios will occur is weighted equally and generally reflects short-term asset characteristics. On the other hand, pension plans also use asset-liability models for long-term portfolio construction. This could result […]
Three managing general agencies in the benefits, pension and investment industries are combining forces. The firms — Financial Horizons Group, headquartered in Kitchener, Ont.; Torce Financial Group Inc., based in the greater Toronto area; and Vance Financial Group Inc. from Vancouver — will join forces to build on the strengths of their operations and advisor networks, according to […]
Financial Horizons Group Inc. is changing up its broader leadership team. The firm is appointing David Stewart, who previously focused on the firm’s Atlantic Canada business, as its chief operations officer. Stewart will work closely with Chris Valardo on distribution, Mike Donati on dealership and Heidi MacDonald on operations, according to a press release. Cathy Hiscott […]
The Canada Infrastructure Bank has appointed Annie Ropar as its chief financial officer and chief administrative officer, effective June 1. In her duties as chief financial officer, Ropar will handle financial oversight of the bank’s activities, including implementation of key finance processes and controls, assessing performance and developing the framework for enterprise risk management. In […]
Financial Horizons Inc. has acquired Abex Central Financial Services Ltd. Founded in 2006, Abex Central is a managing general agent based in Barrie, Ont. The company will keep its office in Barrie, as well as key members of its team. “This acquisition is another step in the strategic growth of Financial Horizons Group as the leading […]
The Great West Life Assurance Co. has completed its acquisition of Canadian managing general agency Financial Horizons Inc. Initially established as a financial planning firm in 1990, Financial Horizons now provides life, health, employee benefits, pension, investments, structured settlements and risk management products and services to financial advisors. It serves customers across Canada through a network of 6,600 […]
Financial Horizons Group has acquired Odyssey Insurance, a group benefits company headquartered in Quebec. The transaction, which closed on January 1, 2016, involved the purchase of 100% of the shares of Odyssey Insurance by Financial Horizons. Read: Anthem to purchase Cigna “The addition of Odyssey Insurance significantly increases our presence in the Group and [third-party administrator] marketplace in […]
Taeyong Lee, executive chairman of Horizons ETFs, along with Steven Hawkins, chief investment officer of Horizons ETFs, have been appointed co-CEOs of Horizons ETFs.
Horizons ETFs Management (Canada) Inc. says CEO Adam Felesky has left the company.
Colin Sinclare, managing director, institutional sales — Western Canada, MFS Investment Management Canada shares the best ideas from the topic they discussed.