Industry News

Decorative pattern

Briefly: “GMP Capital names next CEO” and more news

GMP Capital has announced that CEO Kevin Sullivan will step down from that post, assuming the position of deputy chairman, effective October 1, 2010. In his new role, he will devote his efforts to client-focused initiatives, working on key strategic projects, mentoring GMP’s professionals and increasing the company’s brand awareness. “Kevin has provided invaluable leadership […]

By Staff |August 24, 2010

3 min read

Decorative pattern

MFDA accepts settlement with Excel Financial Growth

A Settlement Hearing in the matter of Excel Financial Growth Inc. (the “Respondent”) was held on August 20, 2010 in Toronto, Ontario before a Hearing Panel of the MFDA’s Central Regional Council. The Hearing Panel accepted the Settlement Agreement between the Respondent and MFDA Staff, as a consequence of which the Respondent: • Has paid […]

By Staff |August 23, 2010

1 min read

Decorative pattern

Manulife kills off AIC brand in fund shakeup

Manulife Mutual Funds has announced a massive overhaul of its offerings, including new funds, new names and a couple of new fund managers. The company is also retiring the Elliott & Page Ltd. name as a legal entity, changing it to Manulife Asset Management Ltd.. Manulife also took this opportunity to largely do away with […]

By Steven Lamb |August 23, 2010

4 min read

Decorative pattern

Involve kids in succession planning

Charley Tsai can’t help but smile as he thinks back to a story he heard about succession. The client was a business owner and was thinking about passing his company on to his son. “He was a real estate developer in his 80s,” says Tsai, vice-president of wealth planning support at TD Bank. “He had […]

By Bryan Borzykowski |August 23, 2010

5 min read

Decorative pattern

Briefly: “MDRT Experience coming to Hamilton” and more news

For anyone who’s ever wondered what went on at the Million Dollar Round Table but didn’t qualify for membership, here’s your chance for a sneak peak. The third annual MDRT Experience is open to all financial advisors and their guests. The event takes place on Sept. 16, in Hamilton, Ont., and features three highly influential […]

By Staff |August 23, 2010

3 min read

Decorative pattern

Tech sector shedding albatross?

A cursory look at the technology industry’s performance over the last decade suggests the sector has been sucking wind since the tech bubble burst in 2000. Case in point: a glance at any run-of-the-mill Canadian equity fund reveals that – despite some bumps – ten-year returns are generally positive. Contrast that with the losses, sometimes […]

By Nancy Turner |August 23, 2010

10 min read

Decorative pattern

Don’t liken us to telemarketers: Advisors

The advisor community welcomes the new CRCT regulation that binds them by the same rules as other phone solicitors. Apart from a few halfhearted objections to being treated as telemarketers, most said the ruling would only impact new industry recruits, and that it would likely not deter “boiler room” operators. A recent release from the […]

By Vikram Barhat |August 20, 2010

3 min read

Decorative pattern

Briefly: “Desjardins names new wealth head” and more news

Denis Berthiaume will join the Desjardins Group as senior vice-president and general manager of wealth management and life and health insurance, commencing September 7. Berthiaume will succeed Bruno Morin, who will retire on December 31, after 38 years with the firm. Berthiaume will manage a team of about 4,800 people that handle manufacturing, life and […]

By Staff |August 20, 2010

2 min read

Decorative pattern

Fund industry divided over tackling HST

A tug-of-war is developing as fund companies try to find the fairest solution for dealing with the inequality of the HST as it relates to mutual fund investors. Much has been written about the various options pursued by fund managers across Canada since the introduction of the HST in Ontario and British Columbia on July […]

By Vikram Barhat |August 19, 2010

3 min read

Decorative pattern

SROs hand down fines, ban

The self regulatory organizations have released reasons for decisions in four cases, involving allegations “excessive trading or switching” and outright forgery of credentials. Below are some cautionary tales of things you should avoid doing. • • • MFDA Hearing Panel issues Reasons for Decision in the Matter of Worldsource Financial Management Inc. A Hearing Panel […]

By Steven Lamb |August 19, 2010

2 min read

← Previous 1 … 1,674 1,675 1,676 1,677 1,678 … 2,188 Next →