News and resources for Canada's top financial advisors
Industry
Having climbed the wall of worry in 2010, the North America equity market is looking at a promising year ahead where new opportunities abound. Several specific factors are expected to produce positive returns for equities, so stay the course, said Jeffery Tory, chairman GBC Asset Management and portfolio manager at Pembroke Management Limited. “It was […]
By Vikram Barhat |January 26, 2011
4 min read
Economic Indicators
U.S. President Barack Obama’s state of the union address on Tuesday night included strongly worded promises to expand current commitments on investment in infrastructure and scientific innovation, which could provide opportunities for Canadian firms, according to Paul Taylor, CIO at BMO Harris Private Banking. “We’ve begun rebuilding for the 21st century, a project that has […]
By Dean DiSpalatro |January 26, 2011
2 min read
The MFDA commenced a disciplinary proceeding in respect of Michael Franco by Notice of Hearing dated July 28, 2010. The hearing of this matter on its merits took place today in Calgary, Alberta before a hearing panel of the MFDA’s Prairie Regional Council. The parties filed an agreed statement of facts prior to the hearing […]
By Staff |January 25, 2011
1 min read
The CFA Institute has announced the results of the December 2010 sitting of its Chartered Financial Analyst (CFA) Program Level I exam. Of the 46,644 people who took the exam, 36% passed. In Canada, 3,427 wrote the exam, up 5% from 2009. That places Canada behind only United States (10,887), India (5,812), Mainland China (5,646), […]
If there was a Guinness record for the longest game of hot potato, the Norbourg scandal would probably be included among the finalists—and this without counting all the other unenviable records linked to it, like most confused court proceedings, greatest ever financial scandal in La Belle Province, greatest number of lost faxes, worst collaborative effort […]
By Yves Bonneau |January 25, 2011
5 min read
According to the results of the first ever Financial Planning Examination, financial advisors really know their stuff. Of the 455 advisors who wrote the Level 1 exam, 346 passed (76%).
By John Powell |January 25, 2011
Establishing the compensation model for services rendered amounts to one of the most difficult decisions for members of any profession and normally flows from client preferences, the professional’s needs and his or her perceptions of the market. The professional needs adequate compensation while the client may or may not grasp the value of services rendered. […]
By Al Emid |January 25, 2011
3 min read
Canadian advisors are moving away from gold and increasingly looking to stocks for higher returns, BetaPro Management’s Q1 2011 Advisor Sentiment Survey reveals. The BetaPro survey, based on responses from over 100 Canadian investment advisors, shows a massive plunge in bullish sentiment on gold stocks, “despite the fact that [they] delivered returns of more than […]
A settlement hearing in the matter of Calogero (Charlie) Arcuri was held today in Toronto, Ontario before a hearing panel of the MFDA’s Central Regional Council. The hearing panel accepted the settlement agreement between Mr. Arcuri and MFDA staff, as a consequence of which Mr. Arcuri: In the settlement agreement, Mr. Arcuri admitted that: (a) […]
By Staff |January 24, 2011
Tranen Capital Ltd. has launched a new note program, dubbed the Tranen Capital Longevity Notes Ltd. The program offers investors the option to link protective investments to the Tranen Capital Growth Fund Ltd., which manages life settlement policies. “Investors, such as pension plans, endowments, family offices, and high net-worth individuals, have wanted access to the […]
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