Industry

Fund firms moving to kill clones

(March 10, 2005) With the federal budget passing a third and final parliamentary vote on Wednesday, major mutual funds companies are starting to act on Ottawa’s decision to eliminate the foreign content rule. On Thursday, Fidelity announced it will immediately reduce MERs on the RSP, or clone, versions of all its foreign funds so that […]

By Doug Watt |March 10, 2005

2 min read

Business valuation examined in Advisor’s Edge

(March 9, 2005) With one-third of Canadians owning their own business, odds are most financial advisors have an entrepreneurial client or two. Whether they plan on leaving the business to junior, or selling it to a third party, sooner or later they will need a succession plan. The fact is, determining the proper value of […]

By Steven Lamb |March 9, 2005

2 min read

Advocis unveils details of new E&O program

(March 9, 2005) Advocis has released details of its new in-house errors and omissions program, to be officially rolled out in April. Advocis created the Advocis Protective Association (APA) last year to develop a professional insurance liability program, managed by the advisor group’s current E&O provider, Aon Reed Stenhouse. The plan features enhanced coverage and […]

By Doug Watt |March 9, 2005

2 min read

Portus fallout part 3: The blame game

(March 8, 2005) Advisors who sold Portus products are on the defensive. Unfairly so, some think, who blame the Ontario Securities Commission — for its slow and secretive investigation — and the media, who they feel are fueling the speculative fires. “Why did the OSC shut down a company, throwing 90 people out of work […]

By Doug Watt |March 8, 2005

3 min read