News and resources for Canada's top financial advisors
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Opposition to the proposed global financial regulations is growing. At a meeting of shareholders in Toronto, Donald Stewart, president and CEO of Sun Life Financial Inc., has come out against the move. Stewart believes that if Canada backs the changes, its strength in overcoming the financial crisis will be diminished. He said the current rules […]
By Staff |May 19, 2010
3 min read
Securitization of debt isn’t dead; it’s simply hibernating, this according to a panel of experts at the CFA Institute’s 63rd annual conference. Despite being identified as one of the bogeymen that wiped out trillions in global assets, the practice of repackaging and selling off debt will return. The global investment community wants U.S. denominated, AAA-rated […]
By Steven Lamb |May 18, 2010
4 min read
When a volcanic ash cloud prevents a distinguished speaker from flying in from Europe to address your conference, it’s always good to have a backup. Better still if that backup is Jeremy Grantham, chief investment strategist and founder of GMO LLC, and author of an enormously popular quarterly newsletter. “I think the financial industry has […]
He asked government to do more to educate and motivate Canadians to think about retirement planning. “May be governments should even consider a scare campaign to get Canadians’ attention. It’s that serious,” he said. Iannicelli offered strong views on pension programmes. “(Private sector) could do (pension planning) that is more efficient (than government-run plans), because […]
By Vikram Barhat |May 18, 2010
Quebec-based Industrial Alliance says is not backing the proposed national securities commission and wants better enforcement of prosecuting white collar crimes. Canada’s fourth-largest life insurer says the federal government has an important role to play in strengthening criminal proceedings and becoming more involved in investigations. The insurer is a supporter of further harmonization of regulations. […]
By Staff |May 18, 2010
2 min read
For many Canadians the ‘A’ in CFA might as well stand for ‘Eh’ as Margaret Franklin has been elected chair of the Board of Governors of the CFA Institute. The Toronto-based Franklin, president & CEO of Kinsale Private Wealth, starts her one-year term on September 1, 2010. “Being a Canadian gives a wonderful perspective; you’re […]
Early attendance paid off for those at the CFA Institute’s Annual Conference, as the opening session on Sunday night included insights from A to Z, literally, as Dan Ariely and Jason Zweig shared the stage in Boston. Ariely, author of Predictably Irrational and the James B. Duke Professor of Behavioral Economics at Duke University shared […]
By Steven Lamb |May 17, 2010
The comprehensive analysis of the events will also examine a number of electronic trading issues, such as the need to standardize parameters used by Canadian stock exchanges and Alternative Trading Systems (ATSs). Some marketplaces use “freeze parameters” on their trading engines that allow them to freeze trading in specific securities where a significant price fluctuation […]
By Vikram Barhat |May 17, 2010
A recent meeting of industry minds at York University explored the idea of imposing a fiduciary duty upon financial advisors. Noting many other professions, including doctors and lawyers, require that standard, the gathering was meant to get the attention of regulators and lead to creation of commensurate rules. According to one advisor in attendance, the […]
By Philip Porado |May 17, 2010
RBC Dexia Investor Services received top scores across multiple categories in the Global Investor 2010 Global Custody Survey, based on feedback from institutional investors on the quality of service they receive from their global custodians. The firm grabbed the top spot in seven categories of the survey, which polled more than 1,000 global custody clients, […]
By Staff |May 14, 2010
1 min read
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