Industry News

Brigata raises MER cap, cuts trailer

Brigata Capital Management has adjusted the level of operating expenses of the Brigata Funds that will be absorbed by the firm, shifting up to an additional 10 basis points onto the investor. Commencing with the 2011 financial year, Brigata will cap the MER for each fund at 2.50% for series A (the previous cap had […]

By Staff |January 21, 2011

1 min read

Industry

GMP offers ABCP Fund

GMP Investment Management has launched a new limited partnership fund based on Canada’s restructured asset backed commercial paper, the assets at the heart of the 2007 ABCP crisis. GMPIM has traded over $2 billion (face value) in restructured ABCP through its GMP Diversified Alpha Master Fund since April of 2008, and the new Canadian ABCP […]

By Staff |January 21, 2011

1 min read

Industry

Brace yourself for a volatile 2011

Two of Fidelity’s top investment strategists recently weighed in on the 2011 outlook for the fund company’s annual ‘Straight Talk on the Markets’ webcast. Getting Aggressive Trevor Greetham, asset allocation director for Fidelity International’s Investment Solutions Group, says the first thing to keep in mind is the economic cycle has become quite short, and increasingly […]

By Dean DiSpalatro |January 21, 2011

5 min read

Industry

Accretive Advisor buys Advisor Impact

Merger and acquisition activity in Canada has picked up in 2011, with a deal within the advisor services industry. Accretive 360 Inc., the parent company to Accretive Advisor, bought Advisor Impact Inc. of Toronto, the leading North American research boutique on the investor-advisor relationship. The acquisition marries the unique online matching tools of Accretive Advisor […]

By Vikram Barhat |January 20, 2011

1 min read

World perplexed at regulatory paralysis

While Canadians bask in the praise of foreign policymakers who laud our prudent financial regulation, we should probably also take note of international criticism, according to the Canadian representative to the International Monetary Fund. The IMF has repeatedly expressed concern over Canada’s apparent refusal to adopt a single national securities regulator, according to Tom Hockin, […]

By Steven Lamb |January 20, 2011

2 min read

How to rein clients in

What’s the most important thing a financial advisor does for clients? Provide sound investment advice and financial planning that clients can rely on? Maybe. That is, after all, the primary role of the financial advisor.

8 min read

Industrial Alliance names Martin to board

Industrial Alliance Insurance and Financial Services has named Jacques Martin to its board of directors. Martin has held several executive positions at the Caisse de dépôt et placement du Québec, mainly at its New York City office and at Goldman, Sachs in New York and London, England. This appointment was ratified by the Industrial Alliance […]

By Staff |January 20, 2011

1 min read

IIROC sets penalty against Blackmont Capital, Duke

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed a $732,500 fine against Blackmont Capital Inc. and a $265,000 fine against Dean Shannon Duke after an earlier decision found they had violated business conduct and trade authorization rules. As part of the penalty decision dated December 20, 2010, the panel […]

By Staff |January 20, 2011

2 min read

Norbourg saga draws to a close

An agreement in principle has been reached in the Norbourg class action lawsuit. Under the $55 million settlement there is no admission of liability. The amount will be covered by Beaulieu Deschambault S.E.N.C.R.L. (including Deschambault St-Jean S.E.N.C.R.L.) and Rémi Deschambault, the AMF, The Northern Trust Company, Canada, Concentra Trust and KPMG LLP. The $55 million […]

By Staff |January 19, 2011

1 min read