Industry

IIROC bans, fines Marcel Anil Rada

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement, with sanctions that include a permanent ban on registration, between IIROC staff and Marcel Anil Rada. In the agreement, Rada admitted he violated IIROC rules through his participation in various off-book transactions without the knowledge or consent of his […]

By Staff |May 2, 2011

2 min read

Industry

CI replaces Legg Mason, Trilogy

CI Investments announced several portfolio management changes late on Friday, affecting a number of global equity, balanced and income mutual funds. With the changes announced today, CI is ending its portfolio management relationships with Legg Mason Capital Management and Trilogy Global Advisors. The portfolio management changes will indirectly affect a number of segregated funds that […]

By Staff |May 2, 2011

2 min read

Industry

Invesco to launch six new ETFs

Invesco announced Monday that a preliminary prospectus has been filed with the Canadian securities regulators for six new PowerShares exchange-traded funds (ETFs). “PowerShares Funds, which bring ETFs into the mutual fund structure, have been available to Canadian investors since November 2009. With our new offering, we are providing Canadians with another way to access PowerShares […]

By Staff |May 2, 2011

1 min read

Industry

The future of distribution

How is Distribution evolving, and what are the forces at play in this evolution? Will MGAs get their own self-regulatory organization? Does the MFDA, and the distribution model it oversees, have a future?Is there a place for smaller players in the emerging landscape, or does the writing on the wall say only big guns need apply? What does the evolution of the distribution space mean for advisors, and the clients they serve?

By Dean DiSpalatro |May 1, 2011

8 min read

Demystifying trusts

Trusts are among the most effective estate planning tools. They have been a staple of estate planning in the common law world for centuries because of their unique structure and flexibility. Trusts have remained relevant because they easily adapt to various social and cultural changes. Originally created to address land ownership issues, today trusts are well suited to address significant taxation of income, complex family structures and a desire to protect vulnerable family members.

5 min read

Pension investing using ETFs: Part 3

In the now-iconic scene set in Katz’s Delicatessen in New York City, a woman of some years mischievously asks her waiter to bring her the rye and pastrami sandwich she assumes was responsible for Meg Ryan’s character Sally’s head-turning display of euphoria. Portfolio envy is a lesser-known form of a similar syndrome.

May 1, 2011

3 min read

Middle-income earners face retirement shortfall

Many of today’s middle-income earners will experience a substantial decline in their standard of living once they retire, according to a new study published by the Institute for Research on Public Policy (IRPP). The study, Projecting the Adequacy of Canadians’ Retirement Incomes: Current Prospects and Possible Reform Options, uses simulation modelling to show that approximately […]

By Staff |April 29, 2011

1 min read

MFDA settles with Laurier Capital Planning

A settlement hearing in the matter of Laurier Capital Planning Inc. was held in Calgary, Alberta before a hearing panel of the MFDA’s Prairie Regional Council. After hearing submissions from counsel, the hearing panel accepted the settlement agreement between MFDA staff and the respondent, as a consequence of which the respondent has paid a fine […]

By Staff |April 29, 2011

1 min read

RBC GAM closing two global sector funds

RBC Global Asset Management announced today the upcoming closure of the RBC Global Consumer and Financials Fund and the RBC Global Health Sciences Fund effective end of day June 27, 2011. The funds will be closed to new purchases effective end of day June 20, 2011. The funds’ low levels of assets have presented challenges […]

By Staff |April 29, 2011

1 min read