Industry News

Briefly: “Richardson GMP extends ValueOne use” and more news

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

Banned investor jailed

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

Briefly: “Munich Re: Buffett raises stake” and more news

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

RBC buys UK asset manager

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

3 min read