News and resources for Canada's top financial advisors
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Change is coming to Canaccord. On Dec. 1, Canaccord Capital will officially become Canaccord Financial Inc. and its ticker symbols change from “CCI” to “CF” on the TSX. Canaccord Capital Corporation will also change its name to Canaccord Financial Ltd. and Canaccord Financial Services Ltd. will change its name to Canaccord Insurance Services Ltd. “Becoming […]
By Staff |September 29, 2009
4 min read
Star fund manager, Gerald Cooper-Key, is giving up his day-to-day activities as the co-manager of the Mawer World Investment Fund effective March 31, 2010. Cooper-Key, the 2007 Morningstar fund manager of the year, is not leaving Mawer. The decision reflects his desire to “change his focus at this stage of his career.” Cooper-Key will continue […]
By Mark Noble |September 29, 2009
2 min read
Advisors serving the private wealth market should consider focusing on the client’s liabilities, rather than the traditional approach of focusing on assets first, according to a French investment thinktank. A research report from EDHEC-Risk Institute, entitled Asset Liability Management in Private Wealth Management, advocates for the adoption of institutional-style matching of assets to liabilities as […]
By Steven Lamb |September 28, 2009
3 min read
Not all that glitters is gold. There are a number of reasons why you should invest in gold, but advisors need to be wary of the meteoric price of the metal, which could be the result of over-hype. According to a report recently issued by Windsor-based Dan Hallett & Associates, gold investors need to be […]
By Mark Noble |September 28, 2009
Global Maxfin Investments Inc. is growing. The company has agreed to acquire mutual fund dealer Professional Investment Services (Canada) Inc. Once the deal is finalized, Global will have over 250 licensed advisors and over $1.5 billion in assets under its care. “This is an excellent fit for Global. Professional Investment Services (Canada) Inc. provides specialized […]
By Staff |September 28, 2009
Systemic regulation is coming to financial institutions, with the goal of limiting the risks posed to the overall economy by systemically important institutions — those deemed “too big to fail” in the recent financial crisis. “Our sense is that the first thing we’re going to see on this regulatory reform agenda is going to come […]
By Steven Lamb |September 25, 2009
Manulife is bulking up their retail fund business by officially closing the deal on its purchase of AIC’s Canadian retail investment fund business. Manulife will become the manager of AIC funds in Canada and Portland Investment Counsel will continue as a fund sub-advisor. “This is an excellent fit for Manulife and AIC Limited,” said Paul […]
By Staff |September 25, 2009
IIROC has wasted little time in reopening its case against, Stephen Taub, after a recent Ontario Court of Appeal decision said it’s OK for the regulator to penalize members who have left the industry. Stephen Taub is the most well-known case. Taub, a former stockbroker, stalled enforcement action for more than four years, claiming that […]
By Mark Noble |September 25, 2009
A single national regulator is essential to Canada, as it will give the country better regulation at home and a greater voice abroad, according to the man charged with developing the Canadian Securities Regulator. Doug Hyndman, chair and CEO of the Canadian Securities Regulation Regime Transition Office (CSTO), admits the goal is ambitious as there […]
By Steven Lamb |September 24, 2009
Fund giant Fidelity Investments Canada has announced a number of changes to its Canadian business that will impact advisor business. Among these is its entrance into the back-office business of Canadian broker/dealer firms. Fidelity Clearing Canada ULC, a new business dedicated to providing clearing, custody and back-office support services to Canadian-based brokerage firms and the […]
By Mark Noble |September 24, 2009
5 min read
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