News and resources for Canada's top financial advisors
Industry
The mutual fund industry was hit with another month of net redemptions, totaling $462.6 million in August. Investors pulled a net $2.26 billion out of money market funds, but invested a net $1.8 billion in long-term funds. So far this year, net long-term fund sales have totaled $7.8 billion, compared to net redemptions of $1.6 […]
By Steven Lamb |September 15, 2009
2 min read
National Bank Financial Group announced today the launch of Private Wealth 1859, a new business unit that caters solely to the needs of affluent clients with investable assets of at least $1 million. Through Private Wealth 1859, high-net-worth clients and their families will have access to an exclusive range of turnkey solutions, including investments, private […]
By Staff |September 15, 2009
3 min read
Starting September 28, Canada’s long-awaited consolidated National Instrument 31-103 will come into force, replacing the myriad regulations and policy statements found in different sets of provincial securities acts. Initiated by the Canadian Securities Administrators (CSA), the revised proposals relate specifically to registration requirements for dealers, advisors and investment fund managers, and constitute an overhaul of […]
By Kanupriya Vashisht |September 15, 2009
5 min read
Jantzi Research, one of Canada’s leaders in responsible investment research, has announced that it will join forces with Sustainalytics, a European provider of ESG research to the financial sector. The new company will operate as Sustainalytics globally and Janzti-Sustainalytics in North America. “The merger combines two trailblazers in responsible investment research,” the two companies said […]
By Doug Watt |September 14, 2009
It’s been one year since the catastrophic collapse of Lehman Brothers, which marked the beginning of the most drastic decline in global equity markets. And many of the problems that led to Lehman’s demise have not yet been solved. Toronto played host last week to the CFA Institute’s Capital Markets Policy Council (CMPC), which addressed […]
By Mark Noble |September 14, 2009
Fifty-nine percent of Canadian employees would have trouble making ends meet if their paycheque were delayed by even a week, according to the 2009 National Payroll Week Employee Survey, conducted by the Canadian Payroll Association (CPA). “We were shocked by that number. So many Canadians are now living so close to the line that, if […]
By Staff |September 14, 2009
4 min read
In response to the current debate in the U.S. on changes to the investment industry’s fiduciary duty standards, CFA members say they support the creation of a single and higher fiduciary standard of care. However, the CFA’s members see red flags when attempts are made to water down or define the standard so that it […]
By Staff |September 11, 2009
If you ask Salida Capital’s relatively new president and CEO, Courtenay Wolfe, what the hedge fund industry needs more of, it may very well be a softer touch with clients. This message is coming from a firm that currently has one of the top-performing fund mandates in the country on a year-to-date basis. This performance […]
By Mark Noble |September 11, 2009
6 min read
The head of Russell Investments Canada is heading to Britain to head up the company’s UK operations. Irshaad Ahmad has been appointed managing director of the London office. He assumes the new role September 15, but will continue to as interim leader of the Toronto office until a successor is named. “Irshaad has been an […]
By Staff |September 10, 2009
Canadian life insurance companies took fewer hits than their American counterparts during the financial crisis but the market convulsion continues to influence their near-term outlook. Changing consumer attitudes and reduced income from investments and fees remain a challenge, even as the crisis lets up, according to expert panelists speaking earlier today at the A. M. […]
By Art Melo |September 10, 2009
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