Industry

Decorative pattern

Manulife buys Optique Capital Management

Manulife Asset Management has acquired the assets of Milwaukee, Wisconsin-based Optique Capital Management, along with eight members of that firm, who will comprise a new equity team. At the end of 2010, Optique’s mutual fund and separate account assets under management amounted to about $800 million. The team will be led by Wendell L. Perkins, […]

By Staff |February 14, 2011

1 min read

Decorative pattern

MFDA finds against Tadeusz Bytnar

A disciplinary hearing in the matter of Tadeusz (“Ted”) Bytnar (the “Respondent”) concluded yesterday in Calgary, Alberta before a three-person Hearing Panel of the MFDA’s Prairie Regional Council. After hearing submissions from Staff of the MFDA, the Hearing Panel found that the following allegations in the Notice of Hearing had been established: Allegation #1: In […]

By Staff |February 14, 2011

2 min read

Decorative pattern

CI rebrands Hartford as Castlerock

CI Financial has announced the rebranding of Hartford Investments Canada, which it acquired in December, as Castlerock Investments. The announcement included the launch of four new funds and several portfolio management changes. “Castlerock may be a new name in Canadian investments, but it represents a wealth of experience and expertise,” said Derek J. Green, president, […]

By Staff |February 14, 2011

1 min read

Decorative pattern

Economic Indicators

Smaller Asian markets come to the fore: Study

Senior investment executives from around the world are moving their bets to small Asian economies, having cashed some of their chips in traditional emerging markets, according to RBC Capital Markets Survey.

By Vikram Barhat |February 14, 2011

3 min read

Decorative pattern

Darling, I love you, but not your investments

Love is not just looking at each other, it’s looking in the same direction, goes the adage. But when it comes to money, Canadian men and women are neither seeing eye-to-eye, nor looking in the same direction. A recent RBC poll, aptly titled He Says, She Says, exposed the considerable gap between the sexes in […]

By Vikram Barhat |February 14, 2011

2 min read

Decorative pattern

Legal pitfalls of charity pledges

You don’t usually hear about the unenforceability of pledges. This is because the vast majority of pledges to charity are honoured. They are simply paid by the donor without dispute. But promises to donate to charity are not enforceable. A promise to make a gift speaks to a future event. The gift is incomplete until […]

By Daniel Dochylo |February 11, 2011

5 min read

Decorative pattern

Tough questions surround philanthropy

Margaret Franklin is president and CEO of Kinsale Private Wealth and chair of the global Board of Governors of the CFA Institute. Anne Brayley, vice president of professional advisory services at the Toronto Community Foundation, spoke with her about how she discusses philanthropy with her clients.

By Anne Brayley |February 11, 2011

3 min read

Decorative pattern

Regulators struggle with MGA model

The Canadian Council of Insurance Regulators has released an “issues paper” on the managing general agencies model of insurance distribution, and is calling on the industry for input into how the market should be regulated. In some ways, the release of the paper is an admission that regulators still don’t have much of a grasp […]

By Steven Lamb |February 11, 2011

3 min read

Decorative pattern

IIROC announces penalty for Dale Richard Wells

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed a $10,000 fine on Dale Richard Wells. The panel has also ordered Mr. Wells to pay $13,000 in costs. The panel’s penalty decision follows its earlier decision dated October 27, 2010, which found that Mr. Wells violated IIROC rules by engaging […]

By Staff |February 11, 2011

1 min read

Decorative pattern

CWT and PIE form partnership

Canadian Western Trust Company (CWT) and PIE Portfolio Index Evolution Corporation (PIE) today announced an agreement to offer a low-cost, high-service account to PIE’s investors. “CWT is excited to be working with PIE to provide financial advisors with an opportunity to utilize our self-directed platform,” says Darcy Steep, CWT’s director of business development for the […]

By Staff |February 11, 2011

1 min read

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