Anthony Layton MBA, CIM

Chairman & CEO, Portfolio Manager

Peter Guay MBA, CFA

Portfolio Manager
  • T514.875.7566 x 224
  • 1.800.875.7566
  • F514.875.9611
  • Place Alexis Nihon
  • 3400 de Maisonneuve Ouest,
    Suite 1501
  • Montreal, Quebec H3Z 3B8

Tony's Take: BMO latest to announce excess-fee repayment

By Anthony Layton · December 16, 2016 - 2 comments

This week, BMO Nesbitt Burns Inc. and three other Bank of Montreal investment advisory units joined CIBC, TD Bank, Scotiabank and CI Investments in agreeing to repay over-charged fees to its clients. The Ontario Securities Commission (OSC) announced that BMO will compensate its clients about $50-million in excess fees that were not previously detected. The bank also will contribute $2.1 million to the OSC’s investor protection effort.

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This is not 2008…

By Peter Guay · March 4, 2016 - 0 comments

January and February have been trying months for investors. Stock markets around the world have continued to decline. It is the longest decline (7 months) since the financial crisis ended in March 2009. This inevitably leads investors to ask, “Are we going into another 2008?”.

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