Industry

Decorative pattern

Selling business shares

There are opportunities clients should certainly take advantage of to shelter or defer the tax on those gains

By Gena Katz |August 10, 2010

3 min read

Decorative pattern

Trailer commissions under siege (Part 2)

With trailer commissions under siege around the world, Canadian advisors might one day expect this mode of compensation to disappear from our shores as well. When that day comes, there will be two kinds of advisors: Those who scramble to adjust; and those whose practices have already evolved. Make no mistake, the price of advice […]

By Mark Noble |August 10, 2010

5 min read

Decorative pattern

MFDA issues reasons for decisions in three cases

The Mutual Funds Dealers Association has released Reasons for Decision against three registrants for infractions ranging from misappropriation of funds, to selling products not approved by the dealer. Reasons for Decision in the Matter of Nathan Disenhouse A Hearing Panel of the MFDA’s Central Regional Council has issued its Reasons for Decision in connection with […]

By Steven Lamb |August 10, 2010

1 min read

Decorative pattern

Briefly:

Dynamic Funds has announced the list of mandates for which it proposes to launch a new series for investors residing in provinces not subject to a harmonized sales tax. In all, the company is offering 44 funds in the new series. A complete list of the applicable funds is available by clicking here. The non-HST […]

By Staff |August 10, 2010

3 min read

Decorative pattern

New service will rate, review advisors

Life is about choices. And investors shopping for financial advisors are about to get about 80,000 of those. Coming to an online medium near you is an innovative financial advisor data base, Know Your Financial Advisor (www.kyfa.com), that claims to connect advisors and investors like never before. The website positions itself as Canada’s first secure […]

By Vikram Barhat |August 9, 2010

4 min read

Decorative pattern

Trailer commissions under siege (Part 1)

New regulatory proposals by the SEC which drastically alter the way U.S.-based mutual fund companies disclose 12(b)-1 fees likely means it will become increasingly difficult for Canadian advisors to rely on non-transparent trailer commissions as their primary source of compensation. In the U.S., 12(b)-1 fees were a relatively innocuous regulatory loophole introduced in the 1970s, […]

By Mark Noble |August 9, 2010

4 min read

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Briefly:

Sun Life names Quebec president Sun Life Financial has appointed Isabelle Hudon as president, Sun Life Financial for Quebec, effective today. She will be responsible for driving the company’s growth in that province. “Isabelle is a well-known figure on the Quebec business scene and her outstanding leadership and entrepreneurial skills will support our goal of […]

By Staff |August 9, 2010

4 min read

Decorative pattern

Briefly:

Goodman & Company, Investment Counsel is seeking the approval of unitholders in respect to a proposed change the Dynamic Equity Income Fund’s investment objective. The fund’s current investment objective is “to achieve high income and long-term growth of capital through investment primarily in business, resource, real estate, utility and other investment trusts and interest bearing […]

By Staff |August 6, 2010

5 min read

Decorative pattern

IIROC announces discipline against Magna Partners

August 6, 2010 (Toronto, ON) — The Investment Industry Regulatory Organization of Canada (IIROC) and Magna Partners Ltd. have an agreed statement of allegations in which Magna Partners admitted to two violations of best price obligation rules. IIROC and Magna partners have not agreed on an appropriate penalty. A hearing has been scheduled before an […]

By Staff |August 6, 2010

1 min read

Decorative pattern

First-date jitters: Setting a prospect at ease

Meeting with a prospective client can make for an exciting day, with the potential for a substantial addition to an advisor’s book of business. But getting to that point can be like pulling teeth, as an unsigned client may be reticent about divulging too much personal information. But put yourself in the client’s shoes: he […]

By Al Emid |August 6, 2010

4 min read

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