Industry News

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IIROC announces settlement with Richard Roy

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Richard Roy. In the agreement, Mr. Roy admits that he failed in his know-your-client obligations and that he inappropriately followed trading instructions from an unauthorized third party. Mr. Roy has agreed to […]

By Staff |February 15, 2011

1 min read

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Northwood recognized by wealth survey

Northwood Family Office has been recognized as a premier Canadian family office service provider by the Euromoney Private Banking and Wealth Management Survey, one of the leading benchmarks for the industry globally. First published in 2004, the survey uses a peer ranking methodology. “We’re honoured to be held in such high esteem by our peers […]

By Staff |February 15, 2011

1 min read

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M&A deals point to tech strength

Technology deals soared to US$119 billion in 2010, as the push for smart technology drove global M&A deal value and set the stage for a robust 2011, according to a recent report by Ernst & Young. “Last year’s deals reflect the demand for smart everything,” says Karen Atkinson, partner and national technology industry leader with […]

By Vikram Barhat |February 15, 2011

2 min read

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IFIC cuts back on stats reports

IFIC announced late Monday that it would no longer include sales data for individual fund companies in its monthly sales report. Instead, IFIC will report on sales by asset class and CIFSC category. The decision comes after a string of major companies pulled out of offering such data to the group. “IFIC, as the official […]

By Steven Lamb |February 15, 2011

1 min read

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Mutual fund sales top estimates

The mutual fund industry beat sales forecasts in January 2011, with total net sales of $3.05 billion, topping The Investment Funds Institute of Canada’s preliminary forecast of between $2.45 billion and $2.95 billion. Total mutual fund assets ended the month at $641.8 billion, up $6.1 billion from December and a hefty $85.4 billion since last […]

By Steven Lamb |February 15, 2011

1 min read

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Manulife buys Optique Capital Management

Manulife Asset Management has acquired the assets of Milwaukee, Wisconsin-based Optique Capital Management, along with eight members of that firm, who will comprise a new equity team. At the end of 2010, Optique’s mutual fund and separate account assets under management amounted to about $800 million. The team will be led by Wendell L. Perkins, […]

By Staff |February 14, 2011

1 min read

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MFDA finds against Tadeusz Bytnar

A disciplinary hearing in the matter of Tadeusz (“Ted”) Bytnar (the “Respondent”) concluded yesterday in Calgary, Alberta before a three-person Hearing Panel of the MFDA’s Prairie Regional Council. After hearing submissions from Staff of the MFDA, the Hearing Panel found that the following allegations in the Notice of Hearing had been established: Allegation #1: In […]

By Staff |February 14, 2011

2 min read

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CI rebrands Hartford as Castlerock

CI Financial has announced the rebranding of Hartford Investments Canada, which it acquired in December, as Castlerock Investments. The announcement included the launch of four new funds and several portfolio management changes. “Castlerock may be a new name in Canadian investments, but it represents a wealth of experience and expertise,” said Derek J. Green, president, […]

By Staff |February 14, 2011

1 min read

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Economic Indicators

Smaller Asian markets come to the fore: Study

Senior investment executives from around the world are moving their bets to small Asian economies, having cashed some of their chips in traditional emerging markets, according to RBC Capital Markets Survey.

By Vikram Barhat |February 14, 2011

3 min read

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Darling, I love you, but not your investments

Love is not just looking at each other, it’s looking in the same direction, goes the adage. But when it comes to money, Canadian men and women are neither seeing eye-to-eye, nor looking in the same direction. A recent RBC poll, aptly titled He Says, She Says, exposed the considerable gap between the sexes in […]

By Vikram Barhat |February 14, 2011

2 min read

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