News and resources for Canada's top financial advisors
Industry
(May 19, 2005) The total portfolio for the Canada Pension Plan (CPP) has grown to $81.3 billion, as of the end of March, an increase of $10.8 billion on the year with an investment gain of $6.3 billion. Performance from the CPP Investment Board (CPPIB) lagged last year, with an 8.5% rate of return, compared […]
By Steven Lamb |May 19, 2005
2 min read
(May 19, 2005) Are you taking notes? You need to be if you want to fend off lawsuits from clients looking to claim you sold products that didn’t suit their circumstances, says Harold Geller, a partner at Milton, Geller in Ottawa. “Professionals are easy to sue,” he said at the conference. “How can you know […]
By Philip Porado |May 19, 2005
3 min read
(May 19, 2005) Canada’s mortgage brokers say establishing new referral sources is their number one priority for 2005, according to a new study. That means cultivating relationships with financial advisors and insurance agents. However, mortgage brokers don’t really have a clear idea on how to move forward on establishing referral networks with advisors, says Greg […]
By Doug Watt |May 19, 2005
(May 18, 2005) Advocis president Steve Howard is holding out an olive branch to the nation’s other advisor associations, suggesting there is room for the Independent Financial Brokers (IFB) and the Canadian Institute of Financial Planners (CIFPs) under the Advocis roof. At last week’s Advocis national conference in Halifax, Howard conceded that his organization was […]
By Steven Lamb |May 18, 2005
(May 18, 2005) Standard & Poors has released details of the planned transition of the S&P/TSX Composite Index from an equity-only index to one that will include income trusts. S&P will publish revised rules for index inclusion in June, but the quarterly rebalancing of existing indices will not include trusts. Some details have already been […]
(May 18, 2005) Outspoken forensic accountant Al Rosen has a bit of a reputation in the industry. And it’s no wonder. Rosen claims cooking the books is practically a national sport in Canada, laws make it impossible for investors to seek redress and because there are no big lawsuits, the issues are largely ignored by […]
By Kate McCaffery |May 18, 2005
(May 17, 2005) Mergers and acquisitions activity in the Canadian market maintained its momentum in the first quarter of 2005, according to investment bank Crosbie and Company. While the number of transaction slipped from 203 in Q1 of last year to 200, the combined dollar value increased by $500 million, to $24 billion. Compared to […]
By Steven Lamb |May 17, 2005
(May 17, 2005) Sorry, but you have to eat your greens. After years of debate, the National Association of Securities Dealers (NASD) ended a policy whereby people who were considered securities industry veterans were exempt from continuing education requirements. NASD nixed all exemptions from the Regulatory Element component of its Continuing Education requirements last month. […]
By Philip Porado |May 17, 2005
4 min read
(May 17, 2005) There’s another major changing of the guard in Canada’s financial services industry — Don Johnston is retiring as president of the Financial Planners Standards Council (FPSC) next year. Johnston has led the FPSC since its creation in 1995, when he negotiated with the owners of the CFP trademark to sub-license the designation […]
By Doug Watt |May 17, 2005
(May 20, 2005) Securities regulators in five provinces have approved the MFDA’s long-awaited investor protection fund. The MFDA’s investor protection corporation (IPC) will begin covering customer accounts on July 1, 2005 in British Columbia, Alberta, Saskatchewan, Ontario and Nova Scotia. The $30 million fund will cover customer accounts up to $1 million and includes all […]
By Staff |May 16, 2005
10 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.