News and resources for Canada's top financial advisors
Industry
The U.S. economy should sustain its recovery, despite the expiry of the Federal Reserve’s second round of quantitative easing, according to a survey of Canadian investment managers. In fact, the latest Russell Investments Investment Manager Outlook found that the American stock market is seen as holding the most promise. Sixty-two percent of respondents were bullish […]
By Staff |July 4, 2011
2 min read
Canadian members of the lesbian, gay, bisexual and transgender (LGBT) community must seek out professional financial advice around their unique financial and retirement planning issues including estate planning, care-giving and housing. The advisor community, on the other hand, must respond to the financial planning needs of this often marginalized segment of society. These are some […]
By Vikram Barhat |June 30, 2011
3 min read
A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed its penalty against James Charles Dennis. The penalty follows the panel’s decision which found that Dennis failed to disclose certain outside business activities to his firm and its compliance staff. The penalty against Dennis includes: • A fine in the amount […]
By Staff |June 30, 2011
A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Weng Lok Toh. With the agreement, Toh admits that he engaged in personal financial dealings with clients without disclosing the dealings to his firm. The penalty against Toh includes a $20,000 fine […]
1 min read
Earlier this year, the CFA Institute’s annual conference in Edinburgh, Scotland featured two speakers addressing two very different, but ultimately related types of risk. Unrewarding risks The most critical component of portfolio risk management is identifying and eliminating unrewarding risk, according to Guy Stern, investment director and head of multi-asset fund management at Standard Life […]
By Dean DiSpalatro |June 30, 2011
4 min read
Economic Indicators
Statistics Canada’s recently released inflation figures are a mainly positive sign both for the Canadian economy and investors, suggests Serge Pépin, head of investments at BMO Investments Inc. “There’s a good side and a bad side to inflation,” he said. “When inflation is rising, it usually means there’s good economic growth behind it, so you […]
Scotiabank has completed its purchase of Uruguay’s fourth-largest private bank in terms of loans and deposits. The acquisition of Nuevo Banco Comercial S.A. (NBC) was initially announced in December 2010, but terms of the agreement were not disclosed. “Scotiabank is proud to enhance our already-unique footprint in Latin America by becoming the first bank based […]
By Staff |June 29, 2011
Scotia Private Client Group has entered into a strategic partnership with HNW investor group TIGER 21, allowing members access to the firm’s Total Wealth Credit Solution. The program allows members to consolidate different investment holdings as collateral for a single investment line of credit. “We feel that Scotia Private Client Group and their Total Wealth […]
A brief flurry of movement at two of Canada’s large investment managers unfolded over the past 24 hours. Russell Investments announced late on Tuesday that it had appointed Greg Nott as chief investment officer (CIO), effective immediately. As the new CIO at Russell, Nott will be responsible for all aspects of investment management, including leading […]
The Canadian Securities Administrators (CSA), together with IIROC and the MFDA, have released a notice and request for comment on a series of amendments to National Instrument 31-103 and Companion Policy 31-103CP as part of their ongoing Client Relationship Model (CRM) project. The proposed amendments would do the following: • Enhance the current disclosure of […]
By Dean DiSpalatro |June 28, 2011
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