Industry

Decorative pattern

Pension fund managers falling short on proxy voting obligations

(December 8, 2004) A significant number of Canadian pension fund managers are ignoring the interests of plan members by failing to challenge management on controversial issues, a recently released survey suggests. The Shareholder Association for Research and Education (SHARE) tallies the proxy voting records of Canadian money managers on key management and shareholder proposals every […]

By Doug Watt |December 8, 2004

2 min read

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Advisor Forum update: Use language carefully in client communications

(December 8, 2004) While there is an enormous amount of investment information available to Canadians, many lack the financial literacy required to understand what they are being told, according to the Investor Education Fund. “A lot of the information — education and marketing — that’s out there is really focused on product and not the […]

By Steven Lamb |December 8, 2004

3 min read

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Market timing settlements to be announced mid-month

(December 7, 2004) The IDA says it has reached settlement agreements with three major brokerage firms over allegations of market timing. However, details won’t be announced until next week. In news releases issued late Monday, the IDA said it had reached deals with BMO Nesbitt Burns, RBC Dominion Securities and TD Waterhouse Canada. “The subject […]

By Doug Watt |December 7, 2004

2 min read

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Deadline looms for RESP grants

(December 10, 2004) No matter how well-informed your clients may be, it never hurts to remind them of pending deadlines — especially in December. In a survey conducted for Heritage Education Funds, Decima found only 15% of parents realized the RESP contribution deadline is December 31. Unlike the RRSP deadline, which allows for contributions within […]

By Steven Lamb |December 7, 2004

2 min read

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Advisor’s Edge honours award-winning advisors

(December 7, 2004) Financial advisors can get kicked around a lot in the press, and while they may be a thick-skinned group, once in a while it’s nice to be told “thank you.” There are a lot of dedicated professionals across the country who have helped their clients achieve difficult goals. In the December issue […]

By Steven Lamb |December 7, 2004

2 min read

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Advocis defends fee increases

(December 7, 2004) Advocis president Steve Howard says the country’s biggest advisor association had no choice but to substantially raise its membership fees for 2005 in order to effectively promote its efforts to overhaul the regulatory system. The increase has generated hostility among some advisors, who feel the increase — as much as double in […]

By Doug Watt |December 7, 2004

3 min read

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Chou named fund manager of the decade

(December 6, 2004) Francis Chou was honoured as Morningstar’s fund manager of the decade at the Canadian Investment Awards held last weekend in Toronto. Chou’s two main funds, Chou RRSP and Chou Associates, were named Canadian equity fund of the year and U.S. equity fund of the year at the awards ceremony. “The major factor […]

By Doug Watt |December 6, 2004

2 min read

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New college program offers financial planning for families

(December 6, 2004) Toronto’s Seneca College is reaching out to a new type of student — family members who are seeking to increase their financial planning knowledge. Starting in January, the college will launch under its part-time studies curriculum a three-course Family Financial Planning Program, designed as a general interest alternative to the certificate program […]

By Heidi Staseson |December 6, 2004

3 min read

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Briefly:

(December 10, 2004) In a bid to improve corporate governance, TD Bank Financial has introduced term limits for its board of directors and a move to a single auditor in fiscal 2006. Directors can serve to a maximum of 10 years under the new guidelines and will face an annual performance review and re-election by […]

By Staff |December 6, 2004

8 min read

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Prominent advisor fined by B.C. regulator

(December 6, 2004) The British Columbia Securities Commission (BCSC) has fined Vancouver advisor Adrian Mastracci, president of KCM Wealth Management, for failing to comply with business requirements under the province’s securities legislation. In a settlement agreement, Mastracci agreed to pay $5,000 to the BCSC. The commission reprimanded KCM Wealth Management. The BCSC says Mastracci’s firm […]

By Doug Watt |December 6, 2004

2 min read

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