News and resources for Canada's top financial advisors
Industry
Does the sight of the compliance officer make you a bit nervous? When they come around, do you often catch yourself wondering what “somebody” did? If so, you’re not alone. The compliance officer has not traditionally been the average advisor’s favourite person. His or her job, in the eyes of many advisors, is to catch […]
By David Lister |December 1, 2010
8 min read
Covington Fund’s bid for VenGrowth was center-stage at the firm’s AGM last week, commanding 73% of the “yes” vote. But David Levi, president of competing bidder, GrowthWorks, says he isn’t giving up. “It’s not over yet, by a long shot,” says Levi, who urged shareholders to vote “no” on the Covington deal. “There was an […]
By Sheila Avari |November 30, 2010
3 min read
AGF Management Ltd. has agreed to buy investment management firm Acuity for $325 million in a cash-and-shares deal the company believes will boost its retail and institutional investment management business. AGF, a Toronto-based investment firm, said Tuesday that acquiring Acuity will raise its assets under management to $51 billion from $44 billion. “We chose to […]
By Staff |November 30, 2010
Investors can expect North American stock markets to rise for the third consecutive year in 2011, according to TD Waterhouse’s Investment Outlook. The U.S. equity indices will lead, with low double-digit returns, while the primary Canadian index should post high single-digit returns. Acknowledging that macroeconomic issues will continue, chief portfolio strategist Bob Gorman says: “In […]
By Steven Lamb |November 29, 2010
2 min read
For traders, the May 6 flash crash was the highpoint of a two or three year-period that has seen stocks become increasingly volatile. The mid-2000s, as well as the mid-1990s, were comparatively low-volatility regimes. “The flash crash happened. It was one event. Could it happen again?” asks Bob Schwartz. “Sure it could. Does it happen […]
By Scot Blythe |November 29, 2010
4 min read
The Investment Industry Association of Canada (IIAC) has announced the launch of the 2010 IIAC Future Leader Scholarship Award competition. Nominations will be accepted from November 29, 2010 to January 31, 2011. “The IIAC Future Leader Scholarship Award recognizes an employee from one of our member firms,” said Ian Russell, president and CEO, IIAC. “The […]
By Staff |November 29, 2010
6 min read
An assortment of media reports tell us this weekend’s Grey Cup will be the scene of some off-field maneuvering in the securities regulation game. Alberta Premier Ed Stelmach is reportedly planning to broach the subject of a western securities commission while hosting his opposite number from Saskatchewan, Brad Wall. The rumours also suggest that Manitoba […]
By Steven Lamb |November 26, 2010
Earlier this week, Calgary made headlines as recording the second coldest temperature on the face of the earth, second only to a weather station at the South Pole. Is it any wonder that many Canadians are casting a wistful eye toward the sunny southern states? Canadians already own $50 billion worth of Florida property, having […]
By Vikram Barhat |November 26, 2010
5 min read
A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has scheduled a hearing to determine the appropriate penalty in the matter of Dale Richard Wells. This hearing follows the panel’s decision dated October 27, 2010, which found that Mr. Wells conducted his business in a manner contrary to IIROC rules by providing […]
By Staff |November 26, 2010
I was asked by your editors to write to you this morning on the ostensible subject of how advisors may compellingly communicate the value of their advice to clients and prospects. And I’ll be delighted to do so in just a short while – as soon as we deal with the inconvenient truth that this […]
By Nick Murray |November 25, 2010
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.