Looking for good asset managers in Canada? Destination reached. In this piece, we’ll take a look at some top-quality and highly profitable asset managers for Canada. Before we come to the subject matter, let’s first elaborate some basic terminologies and concepts.
What is Asset Management?
Asset management involves buying and selling of assets as well as maintaining and operating them with a cost-effective strategy. These activities are done on behalf of customers who invest their money.
Who are asset managers?
Asset Managers are responsible to make financial investments on their clients’ behalf. Their job is to analyze trading conditions and buy/sell assets at the right time to generate maximum profit. These professionals have complete knowledge of asset management techniques and changing market trends.
How Does Asset Management Work?
The process of asset management is initiated by pooling in customer finances and investing them in the right forms. Money is invested in Forex, stocks, cryptos, real estate, bonds, and other instruments. Asset managers analyze the expected returns on various instruments and then make a decision.
Top 5 Asset Managers in Canada
To generate hassle-free earnings with asset managers in Canada, you must pick the correct asset management company. Here are the top 5 asset managers in Canada.
Forex92.com
Forex92 is the most popular and trusted asset management company for Canadian investors. The company offers forex and crypto investment options.
Forex92 has a team of highly experienced traders who use price action trading strategies to buy or sell various currencies, metals, indices and cryptos. They also monitor fundamental events and news releases round the clock to manage pending orders and active trading positions. The company has a quality support team to assist customers with their queries. Forex92 makes sure that you deposit your funds with a fully regulated forex broker in Canada. The company offers lucrative returns of around 12% to 35% a month.
This investment company has been offering services since 1964. By investing with them, customers get the option to create their investment portfolio. They have various investment options including equities, money market, and fixed income funds. There is a risk rating with every investment option starting from low to high. Asset Managers have consultation meetings with customers to gauge their investment preferences.
Black Rock Asset Management Canada
Black Rock Asset Management company offers different asset management solutions to customers. These include fixed income, commodity, and equity options. The company deals with investors of different scalability starting from small-scaled shop keepers to investors with a large-scale portfolio. One of the products of the company is called iShares ETFs. It generates cost-effective ways to enter the market.
CIBC Asset Management
CIBC is among the popular asset management companies in Canada. It offers investment options like equity, currency management, fixed income, and asset allocation. The company has been offering asset management services for more than 30 years. It has an experienced team of asset managers who have one on one meetings with the customers to understand their specific investment needs.
Mackenzie Investments
Mackenzie Investments is among the veterans of Canada. They offer different investment options including equities, balanced funds, and multi-asset solutions. Other than that, there are fixed-income investments for people who are looking for a regular income after every pre-defined interval.
Who Regulates Forex & Crypto Brokers in Canada?
When it comes to Forex Trading, getting a clear understanding of local regulations is very important. In an overall manner, Forex Trading works without regulations but understanding the local rules is important. If you are new to Forex Trading, the first task is hiring a good broker. It is important to hire a regulated broker in Canada. A less effective option is going for a broker who is regulated in another country. However, going for an unregulated broker is not the best alternative.
IIROC and IIROC regulated brokers – Knowing the Basics
The Investment Industry Regulatory Organization of Canada (IIROC) is mainly responsible for the regulation of forex brokers in Canada. However, three additional regulatory bodies come into play for regulations when it comes to operating on a provincial level. The Ontario Securities Commission handles all financial responsibilities in Toronto. Similarly, the British Columbia Securities Commission holds the same responsibility for British Columbia and the areas around it. Autorité des Marchés Financiers handles the financial responsibilities for Montreal and Quebec.
Financial Regulations / Rules and IIROC
IIROC is responsible for handling the following tasks.
- Reviews on a Regular Scale
The IIROC will review forex brokers and ensure that they are following all the regulations including giving relevant advice and using the appropriation desk processes for trading.
IIROC will ensure the best investment standards are being maintained.
IIROC will ensure that all regulated firms will hire trained employees with the required domain of knowledge. They should have relevant academic qualifications and training required for the needed financial services.
IIROC will conduct meetings for checking disciplinary conditions. In relevant situations, it will be responsible for the application of fines, cancellation of memberships, and other relevant acts.
How does IIROC connect with regulatory bodies?
Initially, Forex brokers in Canada have faced a lot of confusion since national and provincial bodies have had different regulations implemented. As a result, provincial regulators were classifying forex trading instruments differently.
A harmonized set of rules was implemented after which IIROC and provincial bodies went with the same forex trading categorization.
IIROC registration and regulations for Canadian Forex Brokers
It is important to know that every forex broker in Canada should fulfill IIROC registration requirements. Brokers who are involved in the trading of foreign currency pairs are termed, investment dealers. However, IIROC has restricted the leverage to 18:1 which does not seem good news for small-scale investors. The positive aspect, in this case, is that losses are restricted.
Any salespeople, future traders, or portfolio managers should have appropriate qualifications to work for IIROC regulated brokers. In a nutshell, this means that anyone who is initiating a financial services business venture would have appropriate domain knowledge as well.
Candian Forex Brokers have a good way ahead
A lot of traders are not pleased with the new regulations implemented. As a result, they are preferring offshore brokers. However, IIROC has emphasized why rules have been implemented in the first place. The maximum-security of client funds is very important which is exactly what the rules would be accomplishing.
Some Canadian forex brokers have set up individual companies registered with IIROC. These companies do not have any connection with the parent company. These companies are relevant for Forex Traders. Finding a regulated IIROC broker is not a hard task and you can do it by using a convenient option on the Commissioner’s website.
Why Choose a Regulated Canadian Broker & Good Asset Managers?
There are various benefits to choose a regulated forex broker while having your investments managed by asset managers in Canada.
When customers are hiring asset management companies, the biggest fear they have is getting mugged and losing all their money. If you are investing in assets in Canada and have a regulated broker by your side, there is nothing to worry about. All your investments will be handled legitimately as these brokers have a reputation and you can depend on them.
No need to understand the complex onboarding process
Investors usually do not have any idea about difficult steps invoved in the onboarding process. For them, investing money in equities, mutual funds, or any other asset management product and earning profits without help is almost impossible. Regulated brokers help investors at every step of being onboard.
Timely Customer Support
If you are dealing with a non-regulated broker, making a contact in case of any issue may be a problem at times. This is not the case with a regulated broker in Canada. While trading with regulated brokers, the investors should have a dedicated customer support desk available to always entertain customer queries.
Forex92 – One of the Best Asset Managers for Canada
Forex92 is one of the best asset managers for Canadian citizens. The company provides two main asset management solutions that are an investment in forex as well as crypto investment. Let me go through both the services briefly.
Investment in Forex
Forex market is the world’s largest and most liquid market with a daily trading volume of more than 6 trillion U.S Dollars. Due to high liquidity and volatility, the forex market has tremendous profit-making potential.
Forex92 allows both amateur and experienced investors to invest in forex. We have a team of seasoned forex traders who can help you earn around 25% to 35% monthly Return on Investment (ROI).
If you are not an experienced trader, then going with our managed forex account can be a way forward. You need to start with a minimum investment of $ 10,000 and can easily earn hassle-free profits without gaining any knowledge and experience in Forex Trading.
Experienced investors can copy our trades and begin with a small investment of $ 100. However, you need to have high-level expertise in Zulutrade that is a copy trading platform we use. Besides being an expert in Zulutrade, you should also be good at money management. In short, Forex92 trade copying service is only for expert investors.
Forex92 employs the most experienced asset managers who examine profitable trading opportunities to place your investments. Some of the most common assets that we trade are currencies, precious metals, and indices.
Investment in Crypto
Cryptocurrencies are the talk of the day and with right investment decisions, they can make investors filthy rich in no time. Forex92 allows everyone, particularly beginners, to benefit from the bullish trend in the crypto market. We have a team of experienced crypto asset managers who can help you earn steady returns on investment.
An important point to understand here is that cryptocurrency trading has both quick earnings and quick losses. You can only be in a strong position if your investment account is being handled by thoroughly skilled asset managers who can foresee market conditions. This is exactly what our company does for all its customers.
The minimum investment amount you need to start with is $3000. On an average scale, you can expect a monthly return of 12 to 18 percent or even more. Our experts invest your money in Bitcoin, Litecoin, and other crypto assets.
How Does Forex92 Asset Management Service Work?
Forex92 follows a simple and easy process to take new investors on board. Here is what you need to get started.
Signing up with our Partner Brokers
Irrespective of whether you are interested in Forex or Crypto Trading, you need to register with one of our partner brokers through the provided tracking link. We have a list of partner brokers available on our website and you can pick one according to your preferences and by examining their profile.
Is using the tracking link important? The answer to the question is yes. Investors must pay an additional 5% on top of the standard management fee if they don’t use our tracking link to sign up or use their brokerage. Make sure to contact us on live chat or email, if you need to ask anything.
Fund Deposits
Once the sign-up process is complete, investors must deposit funds they want to begin trading with. The minimum required investments of forex and crypto trading are $10000 and $3000 respectively.
It is important to mention here that we never get the funds deposited into our company account or personal accounts of asset managers. These illegitimate practices always lead to scams. Our customers only deposit their funds in the accounts of our partner brokers. We have a broker, AvaTrade, who is fully regulated and authorized to accept clients from Canada. Not to mention, Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) regulate forex brokers in Canada.
When you are done with fund deposits, follow the steps listed below;
- If you are investing in Forex, provide us with your Mt4 login credentials (Account No. and Account Password). Our skilled asset managers will take it from there and start making hassle-free profits for you every month. Please note, we only request limited trading access to your MT4 account. We never ask for the broker’s client portal login details or access to deposit/withdrawal operations. Forex92 can never withdraw any money from your account.
- In the case of crypto investments, simply send us an email after depositing funds. One of our expert team members would take you through the remaining parts of the process.
Why Forex92 is one of the best asset managers in Canada?
Finding the best asset management company is essential as your hard-earned money is at stake. Forex92 has the finest asset managers in Canada and there are strong reasons for this.
- We work with regulated, legitimate and honest forex brokers who hold your investments in segregated bank accounts being maintained with AAA rating banks. Our partner broker, AvaTrade, is regulated in Canada and operates with 100% legitimacy. Therefore, you can rest assured about not facing any troubles and easy profits coming your way.
- As a responsible asset management company in Canada, we do not rely on verbal claims of generating the best profits. We simply produce commendable profits through the best team of asset managers and established investment management strategies. Our customers are never dubious about the investment returns.
Professional Trading Team with Great Asset Management Skills
Investment markets are extremely volatile, and you can lose all your money in a blink of an eye if a top-level asset management company is not handling your investments.
- Forex92 does not compromise on quality at any stage which is why we are among the market leaders. Our asset managers have decades of experience which is why changing market conditions are never unpredictable for them.
- We work with highly professional money management techniques. For instance, each trading investment is done with a minimum risk-reward ratio of 1:2. This means that if risk 50 pips, then we would aim at earning at least 100 pips. Secondly, we invest less than 3% of the total capital sum on every trade
Expected Returns
We have clearly defined returns for both Forex and Crypto trading. These profit values vary with the investment amount.
Forex Investment Returns
- You can earn a monthly return of 25% on an investment of $10,000 through the Personal Account type
- You can earn a monthly return of 30% on an investment of $ 50,000 through the Business Account type
- You can earn a monthly return of 35% on an investment of $ 100,000 through the Enterprise Account type
- You can earn a monthly return of 12% on an investment of $3,000 through the Personal Account option
- You can earn a monthly return of 15% on an investment of $ 10,000 through the Business Account Option
- You can earn a monthly return of 18% on an investment of $ 100,000 through the Enterprise Account Option.
Management Fees
Forex92 charges the management fee according to the services taken. The categorization is listed below.
Forex Investment Management Fee
- 30% of monthly profits on investment of $10,000
- 25% of monthly profits on investment of $ 50,000
- 20% of monthly profits on investment of $ 100, 000
Crypto Investment Management Fee
- 30% of monthly profits on investment of $3,000
- 25% of monthly profits on investment of $ 10,000
- 20% of monthly profits on investment of $ 100, 000
AvaTrade – Forex92’s Partner Broker in Canada
AvaTrade is a partner broker for Forex92 that operates in Canada. It offers investment options like CFD’s forex, stocks, indices, ETF’s, and bonds. In Canada, AvaTrade works in partnership with Friedberg Direct.
The bond between the AVA Trade and Friedberg Direct was constructed so that Candian residents could be connected to the best Forex and CFD broker. Along with that, they would be able to access the online trading platform, top-speed forex execution, and other services. This would be done when they have an account with a Candian-regulated firm.
The Friedberg Direct will be responsible for account opening. Friedberg Direct is a division of Friedberg Mercantile Group Ltd. This group holds membership with CIPF (Canadian Investor Protection Funds).
The Canadian Investor Protection Fund (CIPF) protects the customer accounts at Friedberg. The website of CIPF (www.cipf.ca) has a brochure available for this purpose.
In terms of history, Friedberg Companies was initiated in the year 1971. It is headquartered in Toronto and manages more than $2 billion. Friedberg is an expert at using non-traditional asset classes for money management purposes.
Currently, Friedberg has various assets for different institutional and retail investors. Friedberg group is a family-owned business venture.
Customer Support
At Forex92, we place customer queries and concerns at the highest level of priority which is why we have a dedicated customer support team. We are there to assist you with your concerns 24/7 through email, phone, or live chat.
Frequently Asked Questions (FAQs)
Customers do have queries and we are always there to provide clarity. Here are a few common questions that come our way
What do asset managers do?
Asset Managers are responsible to guide customers towards profitable investment options. For instance, a customer may not know that the forex market offers quick returns while stock investing is a long-term investment option. An asset manager would provide him or her with this knowledge. Their job is making profitable decisions on behalf of customers.
Who are the largest asset managers?
Forex92 is the largest asset manager for investors based in Canada. The company has a team of highly trained and seasoned traders who monitor financial markets round the clock. Forex92 can help generate monthly returns between 12% to 35%.
How much do asset managers get paid?
The salaries of asset managers vary from one country to the other. In Canada, the starting salary is around CAD 54,000 annually while experienced professionals reach up to CAD 140,000.
How do I start forex trading in Canada?
To get started, you need to have internet connectivity to monitor your investments online. After that, the first thing is getting hold of a regulated broker. And then, you need to open an online account and deposit funds. The asset manager such as forex92.com would then begin making investments.
Is Forex Trading Legal in Canada?
It is 100% legal throughout Canada and investors living in different locations are earning good profits through it.
What is the meaning of Forex Trading?
Forex Trading means investing in foreign currencies through an OTC (Over the Counter) structure. Money is invested in these currencies to generate profits when conversion rates change.