Industry

IIROC finds branch oversight lacking

Canada’s advisor dealer branch networks need to do a better job on the compliance front, an Investment Industry Regulatory Organization of Canada (IIROC) audit finds. IIROC has released the findings of a the audit of 10 dealer member branch networks conducted in early 2009, showing that while strong compliance standards are in place at the […]

By Mark Noble |December 29, 2009

4 min read

Debt needs to be dealt with

According to the Bank of Canada, Canadians currently have a $1.42 of debt for every dollar of income they earn. Now, you may worry momentarily that this might apply to your clients, but then you tell yourself, “Everything is fine; I don’t deal with the sort of people that report is about.” The fact is, […]

December 24, 2009

4 min read

Briefly:

EdgePoint Wealth Management has received regulatory approval by Quebec’s Autorité des marchés financier to begin offering its portfolios to clients in la belle province. “We look forward to partnering with investors and their financial advisors in the province of Quebec,” said Patrick Farmer, CEO of EdgePoint. “We are now in a position to expand our […]

By Staff |December 23, 2009

1 min read

Study: Good marketing goes a long way

Being proactive in client communication was a winning strategy during the recent financial crisis, a U.S. study finds — not just for the advisors but also for the asset managers that serve them. Boston-based Financial Research Corporation recently completed a survey of approximately 1300 U.S. financial advisors and 130 U.S. branch managers as part of […]

By Mark Noble |December 23, 2009

4 min read