Industry

Decorative pattern

Briefly:

Russell Investments has released new research in an attempt to broaden the active versus passive investing debate, outlining five key factors investors should consider when deciding which approach to take. “We take issue with the conduct of the active versus passive debate, which has made the mistake of framing the issue exclusively in terms of […]

By Staff |February 11, 2010

3 min read

Decorative pattern

IFB voices compensation concerns

Now that conversations have opened up about notice periods for advisors facing MFDA hearings, an industry association remains concerned about the inability of brokers to collect compensation for costs incurred to defend claims. Susan Allemang, the IFB’s manager of regulatory affairs, told Advisor.ca she’s worried that current self-regulatory organization bylaws still don’t entitle an advisor […]

By John Powell |February 10, 2010

1 min read

Decorative pattern

MFDA defends ‘no notice’ hearings

Changes to a Mutual Fund Dealers Association of Canada (MFDA) bylaw are not sitting well with the Independent Financial Brokers (IFB) and some advisors. Under the amendments, the MFDA can hold an enforcement regulatory hearing without notifying the advisor in question. According to the amendments to the ‘Applications in Exceptional Circumstances’ section of By-Law No. […]

By John Powell |February 10, 2010

3 min read

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Briefly:

B2B Trust is ramping up efforts to support advisors in the run up to the March 1 deadline for RRSP contributions. The lender is offering 1- and 2-year RRSP loans, both at a rate of 2.75%. “Many advisors I’ve spoken with are convinced that RRSP investing is an important component in their clients’ overall financial […]

By Staff |February 10, 2010

2 min read

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AlphaPro Management has announced the launch of the Horizons AlphaPro S&P/TSX 60 130/30 ETF, which is designed to track the performance of the S&P/TSX 60 130/30 Strategy Index. The 130/30 strategy uses over- and under-weight positions relative to the S&P/TSX 60. On each quarterly rebalancing day, the underlying index will include a core 100% long […]

By Staff |February 9, 2010

2 min read

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IA Clarington extends Aston Hill contract

IA Clarington has shored up its relationship with sub-advisory firm Aston Hill Financial, and its star fund manager, Ben Cheng, who leads the management team for three IA Clarington funds. The contract with Aston Hill has been extended for five years, with a new employment contract for Cheng, who leads the asset management team at […]

By Staff |February 9, 2010

1 min read

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AGF Management has been honoured as Corporate Community Champion by the Yee Hong Community Wellness Foundation. The award was presented at the foundation’s annual Dragon Ball fundraiser on Sunday. The award is given to a corporation that supports the non-profit foundation’s work in raising funds to maintain the four Yee Hong long-term care facilities in […]

By Staff |February 8, 2010

3 min read

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CSA rules tackle soft dollar practices, Pt. 2

Money managers direct business, or order flow, on behalf of client portfolios to brokers and dealers who effect the transactions in the appropriate marketplaces. And the fees or brokerage commissions charged often exceed what’s needed to cover the cost of straight execution. This excess can be used by money managers to obtain goods and services […]

By Susan Han |February 8, 2010

5 min read

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Canadians fuzzy about retirement goals

Retirement funding is a complex machine, with several moving parts. For many Canadians employer pensions and government benefits will make up the core of their retirement income. A recent RBC survey found 54% of Canadians expect their pension will be the largest source of income, but when asked what kind of pension they have, 19% […]

By Steven Lamb |February 8, 2010

3 min read

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SEC investigating staff over web use

• • • Reader Poll Blog Polls • • • Generally speaking, compliance and regulation attract cautious personalities, not prone to flouting rules and regulations. And then there’s the porn-surfing SEC manager. A regional supervisor of the U.S. Securities and Exchange Commission is under investigation for using his SEC computer to surf the web for […]

By Staff |February 5, 2010

1 min read

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