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Meritas Financial has struck a deal to merge with Qtrade Fund Management, with the combined entity becoming part of Qtrade Financial Group, although Meritas Mutual Funds will continue to operate as a separate division. Meritas is one of Canada’s leading fund companies in the socially responsible investment (SRI) field, and Qtrade CEO Scott Gibner predicts […]
By Staff |December 2, 2009
2 min read
For Canadian investors, there may be no better place to be right now than Canada. Some fund providers are suggesting clients consider retrenching back to Canadian holdings amidst an outlook that could see Canada as the leading performer of the developed world. Earlier this week, the Canadian division of SEI launched Canadian Focused Portfolios. Most […]
By Mark Noble |December 2, 2009
5 min read
The majority of financial advisors and brokers understand the concept of a fiduciary standard, and are onboard with the idea, according to a survey by U.S.-based asset manager SEI. The survey found that 86% of advisors and 53% of brokers agreed that all financial professionals “should be required to meet the fiduciary standard.” “As practitioners […]
Mutual fund sales turned positive in November, with net inflows of between $156.9 million and $656.9 million, according to preliminary estimates from the Investment Funds Institute of Canada (IFIC). “November was another good month for mutual fund investors. Collectively, they saw an estimated $12.5 billion month-over-month increase in their account balances due to market appreciation,” […]
By Steven Lamb |December 2, 2009
Time is running out for families of disabled Canadians to make their 2009 contribution to a Registered Disability Savings Plan. Beating the December 31 deadline ensures eligibility for annual government assistance. “Not only are RDSPs a tax-efficient investment solution for Canadians with disabilities and their families, the plan can also help provide invaluable peace of […]
By Staff |December 1, 2009
3 min read
Merger and acquisition activity strengthened in Canada over the third quarter, reinforcing the notion that financial markets have stabilized. It was the second consecutive quarterly increase in M&A activity, according to investment bank Crosbie & Company Inc. There were 221 deals announced in Q3, according to the Financial Post Crosbie: Mergers & Acquisitions in Canada […]
By Steven Lamb |December 1, 2009
The FPSC made a subtle change to its name and brand. Originally known as the Financial Planners Standards Council, the name is now Financial Planning Standards Council. “We saw an opportunity to more fully align our brand identity with our central purpose which has become more refined these past years,” says Tamara Smith, vice-president of […]
By Staff |November 30, 2009
4 min read
Bernie Madoff fooled a lot of people with his purported hedge fund strategy. They included some of the most reputable fund-of-fund managers in the business who are now, as one insider puts it, “squawking like seagulls,” after years of freely scooping fish out of nets illegally cast in the first place. But he didn’t fool […]
By Scot Blythe |November 30, 2009
The value of Canadian stock issuance rose dramatically in the third quarter, but much of the increase was due to a single large issuer, according to the Investment Industry Association of Canada (IIAC). Total issuance value for Q3 topped $15.2 billion, more than double the sum raised on capital markets in the same quarter of […]
1 min read
Like it or not, managing general agents (MGAs) must accept they have vicarious and even direct liability, and therefore have a duty to supervise the advisors with whom they deal, according to Peter Lamarche, president financial services, Blonde & Little. Speaking at the Advocis Symposium on The Future of Financial Services Distribution in Canada, Lamarche […]
By Steven Lamb |November 27, 2009
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