News and resources for Canada's top financial advisors
Industry
Braving a string of economic uncertainties from Europe, the U.S. and Japan, the Canadian market for initial public offerings continues to flourish, according to the quarterly PwC survey of activity on Canadian equity exchanges. IPO activity in Canada picked up speed in the second quarter of 2011, but could have returned a better figure were […]
By Vikram Barhat |July 6, 2011
2 min read
Desjardins Financial Security has announced the appointment of Denis Berthiaume to the position of chief operating officer. He succeeds Richard Fortier in this role, following Fortier’s announced retirement. “Under Mr. Fortier’s leadership, DFS has become a key player in the life and health insurance industry, not only in Québec, but also across Canada, where our […]
By Staff |July 5, 2011
1 min read
The Canadian Securities Administrators (CSA) has published guidance for the preparation, review and use of marketing materials by portfolio managers. Staff Notice 31-325 is based on a compliance review of the marketing practices employed by 50 portfolio managers. Common deficiencies included exaggerated or unsubstantiated claims, improper use of benchmarks, and the preparation and use of […]
Investment firm McLean Budden has named Jean-Philippe Giguère to the post of vice-president, a role in which he will help institutional clients manage risk and maintain the financial integrity of their pension plans. “The inherent volatility of global capital markets has made strategies for managing risk a top priority for pension plan sponsors,” said Roger […]
Set it up and leave it alone?
By Melissa Shin |July 5, 2011
9 min read
June was a difficult month for Canadian investment funds, despite a late rally that repaired some of the damage done in the first two weeks. Only one of 24 Morningstar Canada equity fund indices managed to post a positive return, as the Japan Equity Fund Index gained 1.2%. Outside of the equity mandates, only one […]
Jovian Capital has confirmed that it is in talks that may lead to the sale of its ETF business. The company was asked by Market Surveillance to comment on reports in the Korean media. “Jovian confirms that it has had discussions with several parties over the past several months, including ongoing discussions with Mirae Asset […]
By Staff |July 4, 2011
A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Elizabeth Maureen Morrison. With this agreement, Morrison admits that she failed in her know-your-client and suitability obligations when she facilitated investments in a private placement for approximately 179 clients, but failed to […]
The board of directors of Sun Life Financial today announced that Donald A. Stewart, chief executive officer, will retire on November 30, 2011. Stewart will also retire from the Sun Life board in accordance with company policy. Dean A. Connor, chief operating officer, has been appointed president and a member of the board of directors. […]
3 min read
Alternative investments will increasingly become part of institutional and high net worth (HNW) portfolios. In fact, they are likely to blend right in to the traditional portfolio, supplanting long-held notions of what the portfolio core should look like. “Alternatives, at least for the next few years, are increasingly going to be part of our portfolios—certainly […]
7 min read
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