Industry

Decorative pattern

Canadian anti-money laundering laws need update

In May, the B.C. Supreme Court heard the Finance Department’s challenge to the decade-old ruling on the reach of anti-money laundering legislation in Canada, and industry execs predicted the outcome would affect advisors. The original version of the Proceeds of Crime (Money Laundering) Act, which gave birth to FINTRAC, was adopted in July 2000. Following […]

By Dean DiSpalatro |April 28, 2011

5 min read

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IIROC fines, bans Michael Thomas Jones

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed a penalty on Michael Thomas Jones which includes a permanent ban from registration in any capacity with an IIROC-regulated firm. The panel’s decision, based on an agreed statement of facts and violations, found Mr. Jones was liable of misappropriating funds from […]

By Staff |April 28, 2011

1 min read

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Date set for 2011 Financial Planning Week

The Financial Planning Standards Council (FPSC) and its Quebec counterpart, the Institut québécois de planification financière (IQPF) have set the date for Canada’s third annual Financial Planning Week. October 17-23, 2011 will be dedicated to an ongoing effort by both organizations to make financial planning the cornerstone of sound financial management. “The goal of Financial […]

By Staff |April 28, 2011

1 min read

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Invesco Intactive available as corporate class

Invesco Trimark has announced it is offering its five Invesco Intactive Accumulation Portfolios within a mutual fund corporation structure. This allows investors to switch between portfolios within a non-registered account without triggering a taxable disposition. “The response to Invesco Intactive has exceeded our expectations, and we believe that creating these corporate class portfolios provides investors […]

By Staff |April 28, 2011

1 min read

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Canadians economical…with the truth

Canadians are fibbing, fudging and fabricating facts when filling out insurance application, according to a report released by TD Insurance today. Manitoba and Saskatchewan residents were found to be the biggest offenders, the report said. They may be among the most insured in the country, but are also the least likely to think honesty is […]

By Vikram Barhat |April 27, 2011

2 min read

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Estate Planning

Fear hinders effective transfer of wealth: SEI

A recent SEI Wealth Insight Initiative roundtable suggests that fear of negative outcomes and a lack of confidence in heirs are two of the biggest barriers to families sustaining and growing wealth over time. The roundtable gathered small groups of wealthy families—those with more than $5 million in investable assets—to discuss their experiences and offer […]

By Dean DiSpalatro |April 27, 2011

3 min read

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AIMA Canada names new COO

The Alternative Investment Management Association – Canada (AIMA Canada) has named James Burron, FCSI, CAIA, as chief operating officer of the organization, effective May 1, 2011. “James Burron has a solid background of more than 15 years of international experience in the securities industry including a significant background in the alternative investment industry,” said Gary […]

By Staff |April 27, 2011

1 min read

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Investor confidence falls slightly: State Street

Global investor confidence fell slightly in April, according to the latest reading of the State Street Investor Confidence Index. The survey found confidence declined 0.3 points from a revised March reading of 97.3 to 97.0 in April. North American investor confidence declined by 3.9 points to 98.4 from March’s revised reading of 102.3. In other […]

By Staff |April 27, 2011

2 min read

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Live coverage: Digital Marketing Conference

Your customers are looking to digital media channels first when considering financial services. Social media, search engines and new mobile apps are among the channels financial services institutions need to use in marketing to the next generation and beyond.

By John Powell |April 27, 2011

21 min read

Decorative pattern

Sun Life rolls out three new mutual funds

Sun Life Global Investments Inc. has added three new Canadian mutual funds to its lineup, each with a “core Canadian” holding with a global component aimed at countering home country bias. “Many Canadians have a strong home country bias when it comes to investing, however, our market is highly concentrated in just three sectors: materials, […]

By Staff |April 27, 2011

1 min read

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