Industry

Decorative pattern

OSC chair asks for review of civil action timelines

(June 17, 2005) Ontario Securities Commission chair David Brown says he will ask the provincial government to take another look at the current two-year limitation period currently in place for investor lawsuits. The limitation period was recently quietly reduced to two years from six in a number of provinces, including Ontario, Alberta and Saskatchewan. “We […]

By Doug Watt |June 17, 2005

3 min read

Decorative pattern

Focus drives success, Bowen says

Identifying a target niche Focusing the practice on the affluent Understanding the affluent Understanding the affluent Focusing the practice on the affluent Identifying a target niche Identifying the centres of influence in that niche Defining the “ideal” client Positioning yourself as an expert Using “credibility marketing” to attract clients “Everyone in the room has more […]

By Steven Lamb |June 16, 2005

2 min read

Decorative pattern

Shifting patterns in the load universe

(June 16, 2005) Advisors have been consistently shifting their compensation from deferred service charges or back-end loads since 2002, says a new report by Toronto consultancy Investor Economics. But it’s not just advisors: no-load funds offered primarily by banks and some highly regarded small independents have reached an historic high of 40% of long-term funds, […]

By Scot Blythe |June 16, 2005

3 min read

Decorative pattern

Fund sales bloomed in May

(June 15, 2005) Canada’s mutual fund industry attracted more than $1 billion in net new sales in May, something of a surprise since the month usually marks the beginning of the summer slowdown. May’s sales total of $1.1 billion was about double April’s $567 million and significantly higher than the same month in 2004. “The […]

By Doug Watt |June 15, 2005

2 min read

Decorative pattern

Canadians not connecting corporate social responsibility to social investing

(June 14, 2005) Although the vast majority of Canadians believe the financial community should be paying more attention to social and environmental performance at the company level, researchers say that has not translated into greater interest in socially responsible investing. GlobeScan regularly surveys the approximately 46% of Canadians who own shares, either directly or indirectly. […]

By Doug Watt |June 14, 2005

3 min read

Decorative pattern

MGAs struggle with E&O burden

(June 14, 2005) Advisors who find their errors and omissions insurance (E&O) coverage too expensive can take comfort knowing they’re not alone — managing general agencies (MGAs) on the insurance side have the same problem. “Underwriters fear uncertainty, they won’t assume any risk they cannot quantify and they decline the offering they cannot understand,” said […]

By Steven Lamb |June 14, 2005

5 min read

Decorative pattern

Hedge funds look at marketing promises

(June 14, 2005) Canada’s hedge fund industry, in the spotlight thanks to redemption freezes at two fund complexes, has released a set of guidelines that might help advisors and investors avoid problems in the future, or at least get a better grasp on the potential risks they are incurring. The guidelines, six months in the […]

By Scot Blythe |June 14, 2005

4 min read

Decorative pattern

Briefly:

(June 17, 2005) The British Columbia Securities Commission has ruled that an English stock promoter violated provincial securities laws by trading on inside information and manipulating the market. Fatir Hussain Siddiqi of London traded in shares of AIS Resources while he had inside information about AIS and manipulated the market in the company’s stock, the […]

By Staff |June 13, 2005

12 min read

Decorative pattern

More MGAs embracing technological change

(June 13, 2005) Insurance company sales processes are notoriously behind the times relative to developments in the mutual fund industry. Where mutual fund companies regularly process transactions electronically, many insurance producers routinely file paper-based applications for their clients. Although this part of the industry can be highly resistant to change, managing general agencies (MGAs) are […]

By Kate McCaffery |June 13, 2005

3 min read

Decorative pattern

Popularity eludes SRI funds

(June 13, 2005) Industry executives are taking a critical look at the state of socially responsible investing in Canada. And it’s not a pretty picture, particularly on the retail side. What’s more, it’s unfair to place the blame on advisors, says Gary Hawton, president of Meritas Mutual Funds. Hawton says by his reckoning, SRI has […]

By Doug Watt |June 13, 2005

3 min read

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