News and resources for Canada's top financial advisors
Industry
The Canadian IPO market seems to be getting back on its feet again. With a quarter of the year still ahead, the cumulative value of initial public offerings (IPO) in Canada for this year has exceeded $4 billion, according to a survey by the PriceWaterhouseCoopers (PwC) of IPO activity on Canadian exchanges. Market watchers, however, […]
By Vikram Barhat |October 5, 2010
3 min read
Mutual fund sales were probably substantially negative in September, according to preliminary estimates from the Investment Funds Institute of Canada (IFIC). The industry group estimates sales could have ranged anywhere from $400 million in net redemptions, to $100 million in net sales. The good news is that long term funds enjoyed net sales of over […]
By Steven Lamb |October 5, 2010
2 min read
A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has approved a Settlement Agreement, including sanctions, between IIROC staff and Gary Voncina. In the agreement, Mr. Voncina agreed to pay a $15,000 fine plus $500 in costs. Mr. Voncina also agreed to a suspension from approval in any registered capacity with IIROC […]
By Staff |October 5, 2010
It’s difficult to reliably determine whether a given security has been issued by a truly quality company and to accurately establish its intrinsic value, but doing so is a critical way to add value to the investment process. Proper portfolio construction, diligent risk management, efficient trading, effective administration and responsive client service are all vitally […]
By Jeffrey Russell and Robert Swab |October 5, 2010
7 min read
The coming decades will be marked by an explosion in the number of Alzheimer’s diagnoses, reinforcing the need for clients to invest in long-term care insurance products, according to re-insurer Munich Re, which hosted its second congress on long-term care insurance in Montreal last week. Citing a recent survey commissioned by the Canadian Medical Association, […]
By David Santerre |October 4, 2010
Unusually strong stock market gains in September helped to boost third quarter mutual fund returns, according to data from Morningstar Canada. In fact, every fund index tracked by the research firm posted a positive return for the quarter. Among the 24 indexes that track equity funds, half managed double digit returns over the past three […]
By Steven Lamb |October 4, 2010
TMX Group is following through with its plan to create a new alternative trading system. TMX has submitted regulatory filings to establish TMX Select, a trading system that’s functionality and pricing models would be separate and distinct from the Toronto Stock Exchange and TSX Venture Exchange. Boasting “seamless connectivity” and “competitive pricing”, the system will […]
By Staff |October 4, 2010
Discovering that personal information has been stolen to carry out fraudulent acts can be overwhelming to a victim, and render him or her incapable, physically and emotionally, of unravelling the wreckage. Predictably, most victims approach law-enforcement authorities, financial institutions, credit rating bureaus and other such agencies. Few think of turning to the one person who’s […]
By Vikram Barhat |October 1, 2010
9 min read
About 247 billion e-mails crackle across global Internet networks every day, according to The Radicati Group, Inc. That works out to more than 2.8 million e-mails sent every second from 2.9 billion accounts. About one in four of those accounts is a corporate account, and corporate users receive an average of 74 e-mails and send […]
By Alison MacAlpine |October 1, 2010
12 min read
Estate Planning is an ongoing process, and adjustments must be made from time to time or when significant life changes arise. Luckily, the planning relative to the Retirement Compensation Arrangement (RCA) can be adjusted as circumstances change to meet your clients’ estate-planning needs. Whether it’s a sale of a business, pre-nuptial or divorce issues, family […]
By Pierre Ghorbanian |October 1, 2010
5 min read
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