Industry

Decorative pattern

Advisors want to ditch paper applications

Much has been made of the trend toward replacing mutual funds with segregated funds, and the shift away from the MFDA platform, in advance of the registration reform. According to Paul Brown, president and CEO of Worldsource Insurance Network, in the last 15 to 20 years, a lot of insurance advisors became “hobby advisors” on […]

By Steven Lamb |August 1, 2009

4 min read

Decorative pattern

Opinion: IIROC brochure misses the fiduciary angle

Our advisors are better. That’s the basic message contained in a consumer-directed brochure issued this week by the Investments Industry Regulatory Organization of Canada (IIROC). In light of recent events, the pamphlet, “Why IIROC Matters to you, the Investor,” is an appropriate reminder of why clients should keep tabs on how their advisors are licensed. […]

By Philip Porado |July 31, 2009

2 min read

Decorative pattern

Briefly:

U.S. Secretary of State Hillary Clinton said Friday that there had been an agreement “in principle” with Switzerland over a tax case involving Swiss bank UBS. “There has been agreement reached in the litigation,” said Clinton before a meeting with Switzerland’s foreign minister. Asked if there were any outstanding issues in the case, Clinton said […]

By Staff |July 31, 2009

3 min read

Decorative pattern

Claymore sold to Guggenheim

Claymore Group and its rapidly growing Canadian subsidiary Claymore Investments, has been sold to Guggenheim Partners, an investment management firm that supervises more than $100 billion in assets. The acquisition could have reverberations in the Canadian market, where Claymore has been a major player in the ever-expanding exchange-traded fund (ETF) market. The firm has seen […]

By Mark Noble |July 31, 2009

2 min read

Decorative pattern

Plan for a long recovery: BMO Harris

While the worst of the downturn may be over, investors should bear in mind that recent gains in the market are fragile and remain under threat of the negative economic data, according to the two chief investment strategists at BMO Harris. The bounce back in the equity markets has undermined the “this time it’s different” […]

By Mark Noble |July 30, 2009

5 min read

Decorative pattern

Briefly:

As part of Bank of America Merrill Lynch’s plan to expand its corporate banking business in Canada, the firm has hired Chris Impey as head and Daljeet Lamba as managing director of Canada corporate banking. “This is an exciting growth area for our business in Canada, and Chris’s and Daljeet’s local expertise and extensive client […]

By Staff |July 30, 2009

4 min read

Decorative pattern

Recession hits charitable giving

It is no surprise that charities suffer during market downturns. In the recent recession, most charities saw a sharp drop in major donations. Meanwhile, donor-advised funds flattened and endowments funds shrunk. “Community Foundations Canada recently announced that donations across the system were down 37% year over year,” says Malcolm Burrows, head of philanthropic advisory services, […]

By Rayann Huang |July 29, 2009

4 min read

Decorative pattern

Briefly:

On June 13, 2009, 1,029 Certified Financial Planner (CFP) candidates wrote the Financial Planners Standards Council’s (FPSC) CFP examination, and 39.8% passed. Of those writing the examination for the first time, 43.8% passed. “FPSC congratulates all successful CFP examination candidates who are one step closer to joining the ranks of more than 17,000 Canadian and […]

By Staff |July 29, 2009

2 min read

Decorative pattern

U.S. fund discloses carbon footprint

Boston-based Green Century Funds is now disclosing the carbon footprint of its balanced fund, claiming to the first retail American mutual fund to do so. Green Century hired environmental consultancy firm Trucost to perform an analysis, which revealed that the carbon footprint of the balanced fund was 66% less than the S&P 500, as of […]

By Doug Watt |July 28, 2009

2 min read

Decorative pattern

Where risk paid off, Part II: Small Caps

Traditionally, small cap stocks are hammered during a bear market and are almost always on the leading edge of a recovery. The precipitous rise in small cap stock valuations has been welcome news for investors across the board, and it doesn’t look to be slowing anytime soon, small cap strategists say. Small capss tend to […]

By Mark Noble |July 28, 2009

5 min read

← Previous 1 … 1,710 1,711 1,712 1,713 1,714 … 2,143 Next →