News and resources for Canada's top financial advisors
Industry
(August 8, 2007) After five months on the run, an Ontario-based investment broker, who is facing fraud charges, has been apprehended by police. Bruce Elmore is accused of allegedly bilking millions of dollars out of more than 40 investors. His clients thought they were investing in GICs, but it is suspected Elmore put the cash […]
By Staff |August 8, 2007
2 min read
Canada’s financial sector has enjoyed smooth sailing for the past four years, with a relatively low credit default rate, so it’s easy to forget how quickly the good times can turn sour. A stark reminder could be just on the horizon. In a speech to the Toronto CFA Society, Suzanne Labarge, former chief risk officer […]
By Bryan Borzykowski |August 8, 2007
3 min read
Controversy surrounding specialized designations that target seniors in the U.S. is raising questions as to whether Canada should be looking hard at its own accreditation system. A New York Times article in early July publicized that some insurance agents were calling themselves experts in financial planning for seniors after completing relatively easy correspondence courses or […]
By Mark Noble |August 7, 2007
6 min read
(August 7, 2007) Recent market volatility has been driven by irrational fears that problems in the U.S. mortgage market will spill over into the Canadian equity market, according to a report out of CIBC World Markets. “Investors followed a circuitous route to link U.S. mortgages to Canadian equities over the past month,” says Avery Shenfeld, […]
By Staff |August 7, 2007
Volatility in the world’s equity markets doesn’t seem to have put a damper on fund sales during the month of July, according to preliminary data from the Investment Funds Institute of Canada. Funds for the month of July are estimated to be between $2.7 billion to $3.2 billion, substantially higher than June’s total of $1.9 […]
By Mark Noble |August 3, 2007
(August 3, 2007) Great West Lifeco completed its planned acquisition of Putnam Investments Trust on Friday. Great West announced back in February that it would be acquiring Putnam, is one of the United States’ oldest wealth management companies, which has more $193 billion in assets under management. “This acquisition allows Lifeco to achieve, with a […]
By Staff |August 3, 2007
In the past year, a host of fund companies have started offering real estate funds — a product made up of real estate stocks and REITs. Interest seems to be high. But with a rising dollar, sub-prime problems in the States and a general notion that the market has peaked, is now a good time […]
By Bryan Borzykowski |August 3, 2007
4 min read
(August 2, 2007) On Thursday, ING Canada announced that Groupe Cloutier and Worldsource Financial Management will provide ING Wealth Management advisors and property and causality insurance brokers access to their mutual fund products and distribution services. Derek Iles, president of ING Insurance, thinks the companies can help ING by providing specialized support and broad product […]
By Staff |August 2, 2007
Pension plans can cancel that next visit to the doctor — turns out they’re at their healthiest in years. A report released by Toronto-based rating agency DBRS says that despite what the public might think, pension plans are well funded and will continue to be for some time. According to the report, more than 90% […]
By Bryan Borzykowski |August 2, 2007
The market downturn at the end of July turned a promising month of growth into a generally poor one for most mutual funds, according to preliminary fund performance data released today by Morningstar Canada. Morningstar says that fund performance for most of its fund indexes appeared to be heading for another month of solid consistent […]
By Mark Noble |August 2, 2007
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.