News and resources for Canada's top financial advisors
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Islamic investing remains a largely untapped market, with few advisors familiar with how it works. Leaders in the Islamic finance industry must do a better job educating advisors about the role the religion plays in investment decisions, Yusuf DeLorenzo told attendees of the Islamic Finance World conference in Toronto yesterday. “How many people understand that […]
By Deanne Gage |May 24, 2007
3 min read
(May 23, 2007) Western Financial Group Inc. announced Wednesday that it plans to acquire Ubiquity Bank of Canada from Prospera Credit Union. Subject to regulatory review and approval, Western says Ubiquity would be amalgamated with Bank West. Based in Abbotsford, British Columbia, Ubiquity specializes in personal and commercial term mortgages and loans through a network […]
By Staff |May 23, 2007
Vacation properties, such as cottages, are in high demand. Prices are skyrocketing, bringing healthy investment returns to those who have them, and with low-rate mortgages, buying a “little piece of heaven” has never been easier. But cottages also have an emotional value that clouds the judgment of normally rational investors, so advisors need to be […]
By Mark Noble |May 23, 2007
4 min read
(May 22, 2007) Bad news for the equity industry: State Street Global Markets announced Tuesday that global investor confidence fell in May by 1.8 points, to 91.2. In April, confidence was at 93 points. The drop can be attributed to North America, where institutional investors’ confidence fell from 102.6 to 99.9 points. That’s in contrast […]
By Staff |May 22, 2007
It doesn’t take a hot-shot advisor to know that if a client openly commits fraud, your career will be in hot water. But what if you have no clue that a client is manipulating the market? Turns out you can still kiss your job goodbye. Speaking at the 9th Annual Compliance Readiness Strategies for ICPMs, […]
By Bryan Borzykowski |May 22, 2007
Some of our collective preconceived notions of post-retirement life may be in need of revision. Far from being frail and on the receiving end of society’s generosity, today’s seniors are making a vital contribution to their community, according to a new survey. In its third annual report on the Future of Retirement, HSBC found that […]
By Steven Lamb |May 22, 2007
Canada’s financial services industry has experienced rapid integration in recent years, with the traditional “four pillars” crashing down. With only two pillars remaining — insurance and everything else — Canada’s big banks have made significant inroads into the investments industry with very little new competition in their home market segment. Now one of the largest […]
May 18, 2007
(May 18, 2007) British Columbia Securities Commission is taking a tough line against stock spammers. It has launched a new program that halts the trading of spammed stock and is asking the public to help in the fight by forwarding unwelcome e-mails that solicit penny stocks. The program, called SpamWatch, has already led to a […]
By Staff |May 18, 2007
For a lot of people, handing an incorrigible boss your walking papers can feel great, especially if you’ve got a better job lined up. But what if your jilted superior had the power to get you canned from your next place of work? Securities commissions across the country are debating a proposal, which is part […]
By Bryan Borzykowski |May 18, 2007
The Ombudsman for Banking Services and Investments has unfairly targeted a small firm in Toronto, according to the head of compliance at the firm. And he has no intentions of complying with its recommendation that the firm pay nearly $80,000 in client compensation. “We decided not to go along with the recommendation of the ombudsman’s […]
By Steven Lamb |May 18, 2007
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