Industry

Fund sales soar at year end

Net new fund sales for the month of December totaled $2.4 billion according to IFIC’s monthly statistics report, the highest net sales for a December since 1996. The net assets of the industry grew from $652 billion to $660 billion, a 2.2% increase from November and a growth of 15.8% for the year. But despite […]

By Mark Noble |January 15, 2007

3 min read

Platform choice: Easing the transition to fee-based

(January 2007) If you’re an MFDA-licensed advisor considering a move to a fee-based model — and surveys suggest you already have or will in the future — there are a number of obstacles to overcome, says Ottawa-based advisor Marc Lamontagne. There’s the fear that clients may balk at paying a fee and that your income […]

By Marc Lamontagne |January 12, 2007

4 min read

Briefly:

(January 12, 2007) On Friday, CIBC Investor’s Edge unveiled Edge Advantage, a new online trading system for Canadian investors. CIBC said Edge Advantage will offer a service with some of the most flexible trading options available in the marketplace. Subscribers of the service will be able to purchase a package of 50 trades, which can […]

By Staff |January 12, 2007

3 min read

Study sheds new light on Canadian hedge fund market

With 33% of Canadian hedge funds only three to five years old, the market is still in its infancy. That, says James Niosi, vice-president of NBCN Prime Brokerage, means the industry has only one place to go — up. “While the Canadian hedge fund market is maturing, it still has plenty of room to grow,” […]

By Bryan Borzykowski |January 12, 2007

2 min read