Industry

Decorative pattern

Briefly:

(September 28, 2006) Despite all the talk of a U.S. economic slowdown and the effect it will have on our own markets, Canadian money managers have become increasingly bullish over the past three months, according to the Russell Investment Manager Outlook report. Almost two-thirds of investment managers say a recession is unlikely in the U.S., […]

By Staff |September 28, 2006

4 min read

Decorative pattern

Fund industry backs advisor channel

Some of Canada’s more recognizable mutual fund manufacturers, managers and distributors used a panel discussion at IFIC’s annual conference to stress the importance of the advisor to the industry, despite reports that say funds pay advisors too much. Don Reed, president and CEO of Franklin Templeton Investments, characterized the relationship between the advisor and a […]

By Mark Brown |September 28, 2006

3 min read

Decorative pattern

Briefly:

(September 27, 2006) The BCSC will host a half-day dialogue this Thursday, Sept. 28, for investment industry professionals and market participants. The regulator is seeking input on how best to implement better securities regulation for investors and the industry. “We have been working for several years to design and administer a more efficient and effective […]

By Staff |September 27, 2006

3 min read

Decorative pattern

Dabarno seeking high-quality advisors

A year after losing its CEO, Richardson Partners Financial found its replacement from within. The Winnipeg-based wealth management firm announced on Tuesday that Sue Dabarno, its president for the past year, has added chief executive officer duties to her role. She replaces the CEO-by-committee that has operated since Mike Miller, president and CEO since the […]

By Renée Alexander |September 27, 2006

3 min read

Decorative pattern

Briefly:

(September 26, 2006) Richardson Financial Group announced Tuesday that it has promoted Sue Dabarno, currently president of Richardson Partners, appointing her CEO of Richardson Partners Financial Limited, the wealth management affiliate of Richardson. Darbano, the former president and CEO of Merrill Lynch Canada, joined Richardson Partners in 2003. The company says that, under her leadership, […]

By Staff |September 26, 2006

3 min read

Decorative pattern

Requests for rule advice should follow command chain

Relationships between advisory firms and their regulators are built at the staff level, but it’s important the right staff do the communicating. Ken Woodard, director of communication and membership services at the MFDA, said he encourages firms to pick up the phone and ask for further information, or clarification, about rules, and insists that if […]

By Philip Porado |September 26, 2006

2 min read

Decorative pattern

Briefly:

(September 25, 2006) Bank of Montreal and Generation Capital recently launched the BMO Generation Capital Integrated Energy Deposit Note, Series 1, for sale until November 10. The notes offer exposure to energy securities with 100% principal protection from the Bank of Montreal. Variable returns, if any, are linked to the performance of a basket of […]

By Staff |September 25, 2006

3 min read

Decorative pattern

Dealers struggle with deluge of new notes

The proliferation of principal-protected notes coming to market is posing a challenge for the country’s mutual fund dealers. Advisors are asking for them, but firms are forced to go through a stringent due diligence process before they can add the notes to an already-crowded product shelf. Peter Loach, managing director of mutual fund research at […]

By Doug Watt |September 25, 2006

2 min read

Decorative pattern

Dundee introduces advisor-friendly bank

Many advisors seem to have a love-hate relationship with banks. While they have been willing to invest their clients’ capital in bank-sponsored funds and deposit-notes, they also recognize the banks as competitors for clients. But there’s a new bank in town — one with the stated mission of becoming the “partner-of-choice” for financial advisors. Dundee […]

By Steven Lamb |September 25, 2006

3 min read

Decorative pattern

Briefly:

(September 22, 2006) Institutional investors have soured somewhat on emerging markets, shifting their asset allocation in favour of defensive sectors of the stock market, such as consumer staples and pharmaceuticals, according to State Street Global Markets. That shift took place between the final week of April and the first week of May, when the MSCI […]

By Staff |September 22, 2006

2 min read

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