Compensation

Pimco settles dismissal suit for US$81 million

Pimco has agreed to pay US$81 million to settle the lawsuit from its founder Bill Gross, reports the Financial Times. Those familiar with the deal say Gross claimed he was illegally ousted from the firm in 2014, says the report. Gross claimed he was owed at least US$200 million in lost bonuses and compensation as […]

By Staff |March 27, 2017

1 min read

Industry

CIBC head’s direct pay exceeds target by 17.2%

Also, CIBC CEO Victor Dodig’s total compensation has increased once again.

By Staff |March 13, 2017

2 min read

Industry

Laurentian CEO’s total pay dipped 4% in 2016

Laurentian CEO François Desjardins made 4% less in 2016; his first full year as the bank's head.

By Staff |March 13, 2017

3 min read

Industry

BMO head made 4.6% more in 2016

BMO CEO William Downe made $10.6 million in 2016 in total compensation, almost 5% than in 2015.

By Staff |March 13, 2017

2 min read

What do you do to make fees more transparent?

Jane Alm senior investment advisor, National Bank Financial in Edmonton We carefully explain fees—for management expense ratios (MERs), advice and transactions—in both percentages and dollar amounts. If a client is on a transactional account, we explain costs before the transaction occurs, because that sometimes changes the client’s buy strategy. When clients see dollar amounts, they […]

March 10, 2017

2 min read

Mackenzie Investments automates series switching, reduces fees

Mackenzie Investments is implementing automatic switching into its Private Wealth series. Beginning April 13, 2017, and the second Friday of every month thereafter, investors with at least $100,000 per fund and households with at least $250,000 will be automatically switched into the appropriate Private Wealth series. Investors will be moved into the lowest-fee series for […]

By Staff |March 8, 2017

2 min read

Compensation

Pimco settles dismissal suit for US$81 million

CIBC head’s direct pay exceeds target by 17.2%

Laurentian CEO’s total pay dipped 4% in 2016

BMO head made 4.6% more in 2016

What do you do to make fees more transparent?

RBC head made 5.1% more in 2016

Mackenzie Investments automates series switching, reduces fees

Scotiabank CEO earned 8% more in 2016

TD head made less in 2016

Buffett criticizes high-fee managers in annual letter