Integrated Asset Management reports Q3 results

Integrated Asset Management reports its assets under management were $1.8 billion at the end of June (the end of its fiscal third quarter for 2013).

That was a slight drop from its Q3 2012 results of $1.9 billion AUM.

During this past quarter, the company’s management fees and other income rose to $4.9, up $1.5 million over the same period last year.

Also, IAM recently announced its notice of intention to make a normal course issuer bid for the purchase, for cancellation, of certain of its common shares. And as at August 6, the corporation had purchased more than 500,000 shares at prevailing market prices, or approximately 1.8% of the number of shares outstanding at the start of the bid.

Victor Koloshuk, CEO, says, “We continue to explore…options for retail alternative investments.”

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.