Industry

Decorative pattern

Briefly:

The CFA Institute Centre for Financial Market Integrity’s 2009 Financial Market Integrity Index (FMI) report for the United States reflects CFA charterholders’ current soured sentiments and shaken faith in the ability of U.S. investor protections to ensure an orderly functioning of the equity markets. The FMI gauges CFA charterholders’ perceptions of ethics and integrity in […]

By Staff |July 22, 2009

4 min read

Decorative pattern

What’s the fate of principles-based regulation?

Rumours that the global financial crisis would kill off principles-based regulations appear somewhat exaggerated. At a recent Capital Markets Institute Forum in Toronto, Cristie Ford, co-director for the National Centre for Business Law at the University of British Columbia, promoted a system that utilized the benefits of a principles-based regulatory system, while providing bright-line guidance […]

By Melissa McCormick |July 22, 2009

3 min read

Decorative pattern

Bringing ETFs to the masses

The entrance of BMO as an exchange traded fund provider should in no way be underestimated. With thousands of advisors at its disposal, and one of the most important ETF pioneers at its helm, the bank has set its sights on bringing ETFs into the mainstream. It’s probably safe to stop referring to ETFs as […]

By Mark Noble |July 22, 2009

4 min read

Decorative pattern

Vancity sells P&C operation, keeps life unit

The Co-operators has inked a deal with Vancity to buy Vancity Insurance Services Limited (VISL), the credit union’s subsidiary for home, auto, travel and business insurance. The acquisition will be held by The Co-operators’ Federated Agencies Limited subsidiary. The sale remains subject to regulatory approval, but is expected to close September 1, 2009. “We will […]

By Steven Lamb |July 21, 2009

2 min read

Decorative pattern

Briefly:

Starting January 1, 2011, Canada’s Generally Accepted Accounting Principles will be replaced by International Financial Reporting Standards (IFRS), which may make life easier for companies interlisted on U.S. exchanges. According to a CICA/RBC Business Monitor study in 2008, approximately 80% of respondents impacted by IFRS are prepared to make the changeover by January 2011. The […]

By Staff |July 21, 2009

3 min read

Decorative pattern

Briefly:

The family of Earl Jones has come forward to denounce the self-styled investment advisor who has disappeared along with investors’ assets is still at large. “We want to express our profound regret for the pain and suffering that he has caused and state our own sense of deception,” reads a statement issued by his wife […]

By Staff |July 20, 2009

4 min read

Decorative pattern

Single-family offices feeling the squeeze

Just about everyone’s pulling their purse strings a little tighter — even the ultra-rich, many of whom are toying with abandoning the exclusivity of single family offices for the cost efficiency of the multi-family model. John Benevides, president of the U.S.-based Family Office Exchange (FOX), which serves as an independent advisor to families of exceptional […]

By Kanupriya Vashisht |July 20, 2009

4 min read

Decorative pattern

Time to take

Canadians with the nerve to invest near the bottom of the market in March have been rewarded, but returns have come so far, so fast, some strategists are suggesting the risk on some assets now outweighs their earnings potential. In early March, there was essentially a fire sale in risky assets, such as corporate bonds […]

By Mark Noble |July 20, 2009

4 min read

Decorative pattern

Earl Jones isn’t one of you

Earl Jones, a former Montrealer who’s now on the run, isn’t one of you. By all accounts, he’s nothing more than a common thief. Calling the man an advisor is like calling a mugger a funds transfer specialist, or the guy who knifes you a surgeon. No, he’s not an advisor: Except that the rules […]

By Philip Porado |July 17, 2009

3 min read

Decorative pattern

Past service: To buy or not to buy

Whether it’s due to layoffs or career changes, a growing number of people are taking extended periods off work. For those with defined benefit pension plans, the long absence from work could erode the value of their pension entitlements. Fortunately, one of the perks offered by most public defined benefit pension is the opportunity to […]

By Rayann Huang |July 17, 2009

5 min read

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