Industry News

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Industry

IIROC levies $1 million fine

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Harold Hee Jeen Ahn misappropriated client funds and failed to co-operate with an IIROC investigation. In issuing its decision, the panel imposed a penalty against Ahn which included a $1 million fine, a permanent ban from registering with an IIROC-regulated […]

By Staff |June 8, 2011

2 min read

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Economic Indicators

Five forces affecting your client’s portfolio

Soaring debt levels in advanced economies, overheating emerging markets and strict capital controls are among the global economic and financial challenges faced by financial planners, according to Thomas Hockin, executive director, International Monetary Fund, speaking at the CIFPs 9th Annual National Conference-2011, in Ottawa. “We’ve had 22 financial crises since 1945; financial crisis is the […]

By Vikram Barhat |June 8, 2011

3 min read

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Industry

Closing the loop on HNW clients

|| Take the Poll || Client Letter || Full Budget Speech || Summary of Measures || Economic, Fiscal Outlook || Financial Resolutions || Round two of Budget 2011 continues to tighten the vise on high-net-worth clients. In a repeat budget, at least as it concerns HNW clients, the government reaffirmed commitments to close tax-planning loopholes. […]

By Melissa Shin |June 6, 2011

5 min read

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Industry

RBC GAM seeks new sub-advisor on EAFE pool

RBC Global Asset Management is seeking a new sub-advisor for its RBC Private EAFE Equity Pool. The current sub-advisor of the pool, Mondrian Investment Partners Limited, will continue in this capacity until a replacement is identified.

By Staff |June 6, 2011

1 min read