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Richardson GMP has extended its contract with PriceMetrix for the practice management firm’s ValueOne system. Already in use for the past five years, the new commitment extends ValueOne to all advisors in its 17 offices across Canada. “By better understanding our practices, we can continue to enhance our focus on the high net worth client […]
By Staff |October 20, 2010
2 min read
A banned 73-year-old securities investor who bilked his clients of $2 million has been sentenced to two years in prison. Calgary businessman Robert John Sellars has pleaded guilty to seven violations of the Alberta Securities Act, including making misleading or untrue statements to investors and trading in securities without being registered and without a prospectus. […]
By John Powell |October 19, 2010
1 min read
German reinsurer Munich Re AG says U.S. investor Warren Buffett has raised his stake in the company above 10 per cent and plans to acquire more. Munich Re said in a statement Tuesday that Buffett’s share of the voting rights amounted to 10.24 per cent on Oct. 12. The company said Buffett had told it […]
By Staff |October 19, 2010
3 min read
Blog Polls Royal Bank of Canada’s recent acquisition of the U.K.-based BlueBay Asset Management PLC lends further credence to the claim that Canada is guiding the global M&A movement. Coming as it does, barely days after PwC reported Canada’s formidable role in the global deal-making arena, RBC Wealth Management’s C$1.56-billion marquee megadeal is further proof […]
By Vikram Barhat |October 18, 2010
So much for the image of the do-it-yourself (DIY) investor as a self-styled day trader. A survey by RBC found that 81% of self-directed investors are using their online brokerage accounts to fund long-term goals, such as funding retirement or a child’s education. Only 11% say they use their accounts solely for short-term profit. While […]
By Staff |October 18, 2010
In today’s society, death and serious illness may be even more taboo than sex. So how can an advisor offer long term care (LTC) insurance when clients refuse to face their own frailty? This was the question posed to a panel of three LTC experts at Munich Re’s LTC insurance conference in Montreal. Their unanimous […]
By Nicolas Ritoux |October 15, 2010
Canada is leading the charge of global mergers and acquitisions, according to PwC’s latest quarterly roundup of the Canadian M&A market. The dollar value of the Canadian deal market during the last three months was a staggering $95 billion, up 240% from the first quarter of 2010 and 168% from the second quarter. Canadian activity […]
By Vikram Barhat |October 15, 2010
The Canadian mutual fund industry is widely regarded as a mature market, where growth in market-share comes slowly, if at all. If you’re rolling out a new lineup, you’d better have an ace up your sleeve. In the case of the newest entrant, Sun Life Global Investments, a career sales force might do the trick. […]
By Steven Lamb |October 15, 2010
Sun Life Financial has announced that Jon A. Boscia is retiring as president of the company some time in the first quarter of 2011, and will join its board of directors. A successor has yet to be named. “Jon has made a notable impact on our business in his time with Sun Life and we […]
By Staff |October 15, 2010
A new tool promises to empower both public companies and investors. It could also change the capital markets landscape as we know it. The Investor Scorecard can determine a company’s investment potential, thereby elevating a company’s profile and providing useful information to investors. Introduced by Equicom and produced by Financial Science and Art (FSA), the […]
By Vikram Barhat |October 14, 2010
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