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Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa.UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions.
In 2013, Old Mutual strengthened operations in Africa with the acquisition of Provident Life Assurance in Ghana [16] and Oceanic Life in Nigeria. [17] Also in 2013, Old Mutual acquired the Fairheads Trust Company, one of the oldest trust companies in South Africa, [18] and established the Old Mutual Wealth Trust Company. [19]
One notable component of the expense ratio of U.S. funds is the "12b-1 fee", which represents expenses used for advertising and promotion of the fund. 12b-1 fees are paid by the fund out of mutual fund assets and are generally limited to a maximum of 1.00% per year (.75% distribution and .25% shareholder servicing) under FINRA Rules.
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In 2000, the investment banking subsidiary rebranded itself from RBC Dominion Securities to RBC Capital Markets. [5] However the Dominion Securities brand is still used today; RBC Dominion Securities Inc is the legal name of the company from which the full service brokerage activities operate. In addition, RBC Dominion Securities is the broker ...
RBC Capital Markets is a global investment bank providing services in banking, finance, and capital markets to corporations, institutional investors, asset managers, and governments globally. Locations span 58 offices in 14 countries [ 1 ] across North America, the UK, Europe, and the Asia-Pacific region.
The majority of plans require the potential investor to become a registered shareholder, as opposed to a beneficial shareholder.Registered shareholders are direct owners of company stock and are listed with a company's transfer agent, whereas beneficial shareholders hold their stock through a proxy, such as a brokerage account or an investment dealer.
In the investment management industry, a separately managed account (SMA) is any of several different types of investment accounts.For example, an SMA may be an individual managed investment account; these are often offered by a brokerage firm through one of their brokers or financial consultants and managed by independent investment management firms (often called money managers for short ...