Industry News

TMX Group launches TSX InfoSuite

TMX Group Inc. and QuoteMedia, Inc. announced today the launch of TSX InfoSuite, a new market data and shareholder solution powered by QuoteMedia, Inc., introduced to enhance the suite of services for Toronto Stock Exchange and TSX Venture Exchange listed companies. TSX InfoSuite offers a wide range of functionality and information to fulfill the ongoing […]

By Staff |May 3, 2011

1 min read

Industry

European equity funds surge

Solid returns on the major European stock and a depreciating Canadian dollar made investment funds in the European Equity category the best performers in Canada last month. Other foreign equity fund categories also gained in April, while domestic equity funds struggled and ended the month in the red, according to a Morningstar Canada report. Of […]

By John Powell |May 3, 2011

1 min read

Industry

OSC appoints new executive director, CAO

The Ontario Securities Commission (OSC) announced today the appointment of Maureen Jensen as the commission’s executive director and chief administrative officer. Jensen, who is currently senior vice-president, surveillance and compliance, with the Investment Industry Regulatory Organization of Canada (IIROC), assumes responsibilities of the new position effective June 13, 2011. “Maureen Jensen has strong people management […]

By Staff |May 2, 2011

1 min read

Industry

Live Coverage: 2011 CFA Toronto Conference

Sheila Avari, Web Editor – Canadian Capital, will be reporting live from the 2011 Annual Wealth Management Conference in Toronto, Tuesday, May 3 and Wednesday, May 4, 2011. To stay competitive in a rapidly changing and dynamic environment, wealth managers, advisors and their firms must develop skills and solutions to successfully attract and serve clients. […]

By Sheila Avari |May 2, 2011

27 min read

IIROC bans, fines Marcel Anil Rada

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement, with sanctions that include a permanent ban on registration, between IIROC staff and Marcel Anil Rada. In the agreement, Rada admitted he violated IIROC rules through his participation in various off-book transactions without the knowledge or consent of his […]

By Staff |May 2, 2011

2 min read

CI replaces Legg Mason, Trilogy

CI Investments announced several portfolio management changes late on Friday, affecting a number of global equity, balanced and income mutual funds. With the changes announced today, CI is ending its portfolio management relationships with Legg Mason Capital Management and Trilogy Global Advisors. The portfolio management changes will indirectly affect a number of segregated funds that […]

By Staff |May 2, 2011

2 min read

Invesco to launch six new ETFs

Invesco announced Monday that a preliminary prospectus has been filed with the Canadian securities regulators for six new PowerShares exchange-traded funds (ETFs). “PowerShares Funds, which bring ETFs into the mutual fund structure, have been available to Canadian investors since November 2009. With our new offering, we are providing Canadians with another way to access PowerShares […]

By Staff |May 2, 2011

1 min read

The future of distribution

How is Distribution evolving, and what are the forces at play in this evolution? Will MGAs get their own self-regulatory organization? Does the MFDA, and the distribution model it oversees, have a future?Is there a place for smaller players in the emerging landscape, or does the writing on the wall say only big guns need apply? What does the evolution of the distribution space mean for advisors, and the clients they serve?

8 min read

Demystifying trusts

Trusts are among the most effective estate planning tools. They have been a staple of estate planning in the common law world for centuries because of their unique structure and flexibility. Trusts have remained relevant because they easily adapt to various social and cultural changes. Originally created to address land ownership issues, today trusts are well suited to address significant taxation of income, complex family structures and a desire to protect vulnerable family members.

5 min read