Industry

Briefly:

(September 14, 2007) Worries over the sub-prime mortgage market are weighing heavily on American consumers, driving confidence to a 16-month low, according to RBC’s monthly Consumer Attitudes and Spending by Household (CASH) Index. Stock market volatility and a softer job market aren’t helping matters, as the index reading fell 18 points to 71.1 in September. […]

By Staff |September 14, 2007

2 min read

Younger and wealthy hard to land: study

U.S. investment firms are having difficulty meeting the demand of their young and affluent clients, a study conducted by Forrester Research concludes. As part of a study entitled Consumers Don’t Enjoy Financial Services, Forrester surveyed more than 5,000 American consumers during the final quarter of 2006, asking them about the consumer experience for a range […]

By Mark Noble |September 14, 2007

4 min read

Briefly:

(September 13, 2007) The IDA has handed a massive $100,000 fine to Vance Elder for misconduct while he was an approved person at two Calgary branches of BMO Nesbitt Burns. Elder was found guilty in February of allowing his assistant to sign client signatures. The forgeries were committed between 1996 and 2001. The IDA hearing […]

By Staff |September 13, 2007

3 min read

CFA holders becoming commonplace

Demand for the Chartered Financial Analyst designation is booming and, as a result, industry observers say the CFA is fast becoming a prerequisite for investment management rather than the gold standard. Earning a CFA is no longer an express ticket to an executive office and six-figure paycheque. These were the findings of a panel of […]

By Mark Noble |September 13, 2007

3 min read