Industry

U.S. planners critical of target date funds

Target date funds are coming under attack in the U.S., with critics saying they need to provide investors with better transparency. The call isn’t coming from some motley gang of investor advocates either — it’s coming from the Certified Financial Planner Board of Standards (CFB Board). “Many investors incorrectly believe target date funds are simple […]

By Steven Lamb |August 24, 2010

2 min read

Debt weighing on both students, parents

Good grades aren’t the only thing on parents’ or students’ minds these days. According to a TD Canada survey, 21% of post-secondary students are finding it hard to make ends meet and survive, 36% believe getting through their financial difficulties will be a challenge and 41% of students are spending more money than they save. […]

By John Powell |August 24, 2010

2 min read

Briefly: “GMP Capital names next CEO” and more news

GMP Capital has announced that CEO Kevin Sullivan will step down from that post, assuming the position of deputy chairman, effective October 1, 2010. In his new role, he will devote his efforts to client-focused initiatives, working on key strategic projects, mentoring GMP’s professionals and increasing the company’s brand awareness. “Kevin has provided invaluable leadership […]

By Staff |August 24, 2010

3 min read

MFDA accepts settlement with Excel Financial Growth

A Settlement Hearing in the matter of Excel Financial Growth Inc. (the “Respondent”) was held on August 20, 2010 in Toronto, Ontario before a Hearing Panel of the MFDA’s Central Regional Council. The Hearing Panel accepted the Settlement Agreement between the Respondent and MFDA Staff, as a consequence of which the Respondent: • Has paid […]

By Staff |August 23, 2010

1 min read