Industry

Decorative pattern

Fund sales flat in August

(September 15, 2004) Mutual fund sales narrowly avoided slipping into negative territory last month, with IFIC today reporting a modest $50 million in net sales for August. That’s the worst performance for the industry since September 2003. While net sales of long-term funds reached $377 million, those increases were offset by money market funds, which […]

By Doug Watt |September 15, 2004

2 min read

Decorative pattern

Wealth management summit: Our complete HNW session coverage

(September 2004) In case you missed the Strategy Institute’s recent wealth management conference in Toronto (or Advisor.ca’s subsequent coverage), we have assembled our reports into one handy package. Here is the full lineup: Canada’s high net worth firms are putting too much emphasis on product, instead of zeroing in on clients’ needs, says an executive […]

By Staff |September 14, 2004

1 min read

Decorative pattern

Ventures West launches largest venture fund ever

R elated Stories Venture sector set to bounce back Venture capital industry slides again Inventive returns: a special report on venture capital Venture Capital Reins In Expectations After Second Best Year On Record “We’re pretty bullish about the venture capital environment in Canada,” Louis adds. “It’s a great place to be investing at this particular […]

By Scot Blythe |September 14, 2004

2 min read

Decorative pattern

Canada needs flexible accounting regulations, expert says

(September 14, 2004) America’s strict, check-box corporate governance rules are not entirely appropriate for Canada’s capital markets, according to one of the country’s top accountants. Instead of simply photocopying the Sarbanes-Oxley Act, Canadian regulators should take a more flexible, principles-based approach to corporate governance, allowing our many micro-cap companies to avoid crushing audit costs, says […]

By Steven Lamb |September 14, 2004

3 min read

Decorative pattern

Briefly:

(September 17, 2004) The Alberta Securities Commission has issued a lifetime ban against a mutual fund salesperson who falsified documents and misappropriated client funds. Stewart Showers, who was convicted in court earlier this year, was also ordered to pay $10,000 in investigation costs. “Showers deceived mutual fund clients as to the performance of their accounts,” […]

By Staff |September 13, 2004

7 min read

Decorative pattern

Alberta regulator releases IDA, MFDA audits

(September 13, 2004) Issues surrounding the suitability of client investments remain the most frequent investor complaint against the IDA’s prairie office, according to a recent audit conducted by Alberta’s securities regulator. And there are concerns over the way IDA staff are handling such complaints, the Alberta Securities Commission says. The ASC conducted an extensive audit […]

By Doug Watt |September 13, 2004

3 min read

Decorative pattern

Black case can provide lessons for advisors, experts say

(September 13, 2004) Although allegations that Conrad Black and his associates siphoned hundreds of millions of dollars from Hollinger International for personal expenses may seem far removed from the daily lives of financial advisors, there are a few important lessons to be learned from the messy saga, experts say. While few advisors could imagine spending […]

By Art Melo |September 13, 2004

3 min read

Decorative pattern

Stymiest jumps to RBC

(September 10, 2004) Barbara Stymiest is leaving her position as head of the Toronto Stock Exchange. Royal Bank of Canada announced Thursday night that Stymiest would become the bank’s chief operating officer, effective November 1. Stymiest will be responsible for strategic development and will have all corporate functions reporting to her, including risk management and […]

By Doug Watt |September 10, 2004

1 min read

Decorative pattern

Turning the tide, in this month’s Advisor’s Edge

(September 10, 2004) It was only a matter of time before the banks took steps to stem the flow of top producers heading out their doors. But how do they counter the allure of the boutiques? That’s the question tackled in the September issue of Advisor’s Edge. “Our cover story is called ‘Half Empty’ and […]

By Steven Lamb |September 10, 2004

2 min read

Decorative pattern

Soft dollar probe creating

(September 10, 2004) Independent U.S. financial research firms are suffering from the recent scrutiny of soft dollar arrangements, a newly-released survey suggests. But at this point, it’s not as big an issue in Canada, says the head of a Toronto-based independent research company. The U.S. Securities and Exchange Commission (SEC) has launched a task force […]

By Doug Watt |September 10, 2004

3 min read

← Previous 1 … 2,043 2,044 2,045 2,046 2,047 … 2,143 Next →