Industry

Decorative pattern

Briefly:

(September 15, 2006) The securities commissions of Ontario, Alberta and British Columbia have approved orders to provide greater transparency of insider trading. The order requires the TSX and the TSX Venture Exchange to consolidate all trades by insiders and to publicly disseminate the information in summary form at the end of each trading day. These […]

By Staff |September 15, 2006

6 min read

Decorative pattern

August sees blip in money market sales

The mutual fund industry posted another mediocre month in August, with net new sales totalling $744 million, according to final sales data out of IFIC. Even tacking on $528 million in reinvested distributions, total net sales hit only $1.3 billion, down from $1.8 billion a year ago. “It was a pretty sluggish month, as August […]

By Steven Lamb |September 15, 2006

3 min read

Decorative pattern

Briefly:

(September 14, 2006) BMO Financial Group announced two distinct initiatives on Thursday, introducing a new set of tools in its online brokerage business and appointing a panel of prominent Canadians to examine retirement issues. On the brokerage front, BMO InvestorLine introduced a number of new upgrades in response to growing investor demand for online tools […]

By Staff |September 14, 2006

3 min read

Decorative pattern

Weak quarter, strong half for securities industry

Securities industry operating profits hit a new high of $2.9 billion during the first half of 2006, up 43% over the same period last year. The Investment Industry Association of Canada is predicting that profits for the second half of the year could be even stronger. This robust forecast comes despite a 20% drop in […]

By Mark Brown |September 14, 2006

2 min read

Decorative pattern

Professional planning faces obstacles

The future of financial advice will be driven by a shift to holistic planning, but there are still significant challenges to overcome on the road to professionalism, according to a panel of distribution insiders, speaking earlier this week at the Univeris Client Conference in Toronto. Advisors are increasingly realizing the value in expanding their service […]

By Steven Lamb |September 14, 2006

4 min read

Decorative pattern

Briefly:

(September 13, 2006) Mackenzie Investments announced it will call a special meeting of investors, scheduled for November 6, to propose changes to the Mackenzie Universal Future Fund and the Mackenzie Universal Future Capital Class. The purpose of the meeting will be to consider a merger of the two funds and to consider investment objective changes […]

By Staff |September 13, 2006

3 min read

Decorative pattern

Doing more with less

Advisors looking to increase profitability in their practice need to look at refining their client base, according to one industry expert. Julie Littlechild, president of Toronto-based Advisor Impact, says devoting more attention to the client selection process will help advisors boost profits. Littlechild presented her report, entitled Practice Update: 2006 – Increasing Capacity: Doing More […]

By Al Emid |September 13, 2006

2 min read

Decorative pattern

Briefly:

(September 12, 2006) RBC Financial Group and Dundee Securities have joined forces on the first series of the Dundee AdvantagePlus Focused Commodity Notes. Available until October 13, the new notes offer high liquidity and access to six industrial and energy commodities, including crude oil, natural gas, aluminum, zinc, copper and nickel. Canadian dollar-denominated returns are […]

By Staff |September 12, 2006

3 min read

Decorative pattern

CSI introduces new strategic wealth designation

In an effort to help clients looking for life-long wealth management support, CSI has announced that it will offer a series of courses leading to the new Chartered Professional Strategic Wealth designation (“Ch.P. Strategic Wealth”). Candidates will be required to complete seven courses, including five mandatory ones: Strategic Wealth Transfer, Strategic Wealth Practice, Strategic Wealth […]

By Staff |September 12, 2006

2 min read

Decorative pattern

Briefly:

(September 11, 2006) Franklin Templeton Investments has launched two new funds intended for investors seeking tax-efficient income. The Franklin Templeton Managed Yield Class fund and the Franklin Templeton Short-Term Yield Class fund are designed to increase after-tax yield by using forward contracts to provide capital gains instead of interest income, the company said in a […]

By Staff |September 11, 2006

3 min read

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