Industry

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Technology key to facing massive change

New trends in compliance and technology are forcing massive change in the dealer channel. But the lure of higher revenues and better profitability can give dealers the incentive to work with these trends, by using new tools to help deliver the package and still keep ahead of the regulatory and compliance curve. Panelists discussing new […]

By Kate McCaffery |September 22, 2006

3 min read

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Briefly:

(September 21, 2006) The BCSC has issued a notice of hearing against Albert Stephen Budai, alleging fraud and illegal fund-raising. According to the notice, Budai bought and then sold shares in companies he profiled in the media, a fraudulent practice referred to as “scalping.” The alleged fraud took place between January 2001 and December 2004. […]

By Staff |September 21, 2006

3 min read

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Category clutter

When is a bond fund, not a bond fund? For that matter when is an American fund, no-longer just an American fund? These are just some of the questions advisors and investors will have to grapple with Morningstar Canada rolls out its fund categories competing against those set by the Canadian Investment Funds Standards Committee. […]

By Mark Brown |September 21, 2006

5 min read

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Fund advisors generally pleased with their dealers, survey finds

The vast majority of mutual fund advisors have a good working relationship with their dealers, who provide good value in areas such as compensation and support, according to a new survey. The ADVISOR Group study, presented on Thursday at Changing Channel: The Future of Mutual Fund Dealers conference in Collingwood, Ont., indicates that 88% of […]

By Doug Watt |September 21, 2006

2 min read

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(September 20, 2006) The U.S. Federal Reserve has left its key overnight lending rate unchanged at 5.25%, but says it’s keeping a close eye on inflation. “The moderation in economic growth appears to be continuing, partly reflecting a cooling of the housing market,” the Fed said in a statement. “Readings on core inflation have been […]

By Staff |September 20, 2006

3 min read

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Stability still a concern among trust watchers

Telus’s recent decision to convert its $10 billion-plus operation to an income trust has reopened debate about the stability of the trust sector. Experts hope the company’s award-winning corporate accounting practices will make it the poster child for other trusts. At the same time, there are fears that it will take a major disaster before […]

By Mark Brown |September 20, 2006

4 min read

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(September 19, 2006) One of the country’s largest mutual fund companies has quietly resigned from the industry association, IFIC. “We didn’t see that belonging to IFIC had any value-add for us anymore in the context of the fees that we pay,” said Stephen MacPhail, president and COO of CI Investments. “There is not some underlying […]

By Staff |September 19, 2006

4 min read

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Arnold maps out fund overhaul

Just over a week after sacking Harris Associates as managers of the flagship AGF International Value Fund, AGF’s road show stopped in Toronto with the theme Charting the Globe. Not surprisingly, the fundco took the opportunity to reacquaint attendees with John Arnold, CIO of AGF International Advisors (AGFIA), which was awarded the International Value mandate. […]

By Steven Lamb |September 19, 2006

2 min read

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(September 18, 2006) If the latest Statistics Canada data is any indication, Canadians are heeding calls to increase the foreign content portion of their portfolios. After a brief pause in June, Canadians invested heavily in foreign securities in July, acquiring $6.3 billion worth, StatsCan reported on Monday. Half went to foreign bonds, while the remainder […]

By Staff |September 18, 2006

4 min read

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Lessons learned from lawyers

Regulator behaviour is the source of much discussion and some consternation in financial services circles. But understanding why regulators do what they do can perhaps be found by examining the way other professions are governed. Most recently, the Law Society of Upper Canada, the self-regulatory organization overseeing Ontario lawyers, expanded its spot-audit and focused-review programs […]

By Kate McCaffery |September 18, 2006

4 min read

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