News and resources for Canada's top financial advisors
Industry
(August 1, 2007) HUB International Limited has entered into an agreement to acquire the Rigg Group, one of the largest Texas-based insurance brokers. Rigg’s subsidiaries include Wm. Rigg Co., a retail insurance brokerage; Rigg Insurance Managers Inc., a wholesale insurance brokerage; and Rigg Life Agency, a life and benefits brokerage. Rigg employs approximately 235 people. […]
By Staff |August 1, 2007
2 min read
Despite faltering in Q2, active managers could see their returns rise over the next three months. The Russell Investments Q2 Active Management Survey reported that only 53% of Canadian investment managers beat the S&P/TSX Composite Index, down from 65% in Q1. However, Philip Lee, a fund analyst with Morningstar Canada says the market’s current volatility […]
By Bryan Borzykowski |August 1, 2007
3 min read
(July 31, 2007) Social investing just got a huge boost, as Credential Financial became the country’s first wealth management provider to join the Social Investment Organization. Joining the SIO as an associate member is a natural move for Credential. Its sister organization, the Ethical Funds Company, is the country’s leading manager of socially responsible mutual […]
By Staff |July 31, 2007
If the Canadian bull market is slowing down, your clients should consider taking their loonies across the border and buying blue-chip U.S. equities at bargain prices. So says Lisa Myers, the high-profile lead manager of Franklin Templeton’s flagship, Templeton Growth Fund. Myers, who gave a keynote address at Franklin Templeton’s Outlook and Opportunities Forum in […]
By Mark Noble |July 31, 2007
Normally, the Investment Dealers Association of Canada cracks down on industry rule-breakers, but what if it’s the association that needs a reprimand? On Monday the Alberta Securities Commission released a report outlining deficiencies with the prairie region IDA’s practices. Everything from registration to staff turnover and enforcement issues was covered in the audit, which is […]
By Bryan Borzykowski |July 31, 2007
(July 30, 2007) RBC announced Monday that their former chairman and CEO, Rowland Cardwell, passed away on July 29. Cardwell led the bank from 1980 to 1986. “Rowland Frazee presided over RBC during one of the more challenging periods of our history, and his leadership was invaluable to our company, our industry and our country,” […]
By Staff |July 30, 2007
(August 2007) Collateralized debt obligations comprised of U.S. mortgage backed securities may have exposure to U.S. sub-prime loans. While most Canadian investors likely don’t invest in CDOs, they might have indirect exposure, leaving some to wonder whether mortgage-backed securities are a backdoor for sub-prime troubles to enter Canada. A CDO can be a very complex […]
By Mark Noble |July 30, 2007
4 min read
(July 27, 2007) This week’s market volatility has proven to be quite profitable for some, and not just the short-sellers. The TSX announced a one-day trading record was hit on Thursday, with 636,327 trades being filled. That tops the previous record set on February 27, 2007, of 615,066 trades. Total volume for the day was […]
By Staff |July 27, 2007
There comes a time in every kid’s life where they have to challenge their parents. In this case, the Investment Industry Association of Canada, which used to be part of the Investment Dealers Association, has a beef with the SRO. In early July the IIAC sent Paul Bourque, the IDA’s senior vice-president of member regulation, […]
By Bryan Borzykowski |July 27, 2007
The 26,000 investors who put $792 million into managed accounts with Portus Group will see some money starting early in the fall. So far, Portus’s trustee in bankruptcy has traced roughly $150 million in cash. But Robert Rusko, senior vice-president at KPMG, says the first allocation to Portus clients will be less than the amount […]
By Scot Blythe |July 27, 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.