Industry News

Decorative pattern

Briefly:

Manulife Mutual Funds is capping its Value Leaders Income Portfolio to new purchases, including systematic transfers and pre-authorized chequing plans. The company says it is capping the fund because it already offers a “vast selection” of income products. Manulife also said it will rebrand the Value Leaders Portfolios as Manulife Leaders Portfolios, on or about […]

By Staff |April 5, 2010

2 min read

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Fund sales see continued strength in March

Early reports from several mutual fund manufacturers suggest that sales soared in March, helped along by strong global equity markets. DundeeWealth continued to set the pace, reporting long-term mutual fund net sales of $543 million and short-term mutual fund net redemptions of $9 million. Mutual funds assets under management totaled $28.8 billion. Fidelity reported total […]

By Steven Lamb |April 5, 2010

2 min read

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How much is enough for retirement?

Participants: Keith Pangretitsch, CFA, Director, National Sales, Russell Investments Scott Robertson, President, Tasman Financial Services, Ottawa Scott Robertson: My basic retirement strategy is customized to individual client needs—whether it is cash management or proper investment strategy—based on an in-depth analysis of each client. Usually it’s a combination of both. I deal with 60 clients across […]

By Vikram Barhat |April 1, 2010

9 min read

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Predatory trading

It happens to every trader: you place a bid for a thousand shares of thinly traded stock at a nickel above the best bid showing, and before you can blink, there’s another bid a penny in front of you. While desirable from a capital markets perspective—the bid/offer spread is, after all, declining, which is good […]

By James Hymas |April 1, 2010

8 min read

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EMDs must protect the process

For many exempt market dealers (EMDs), especially those never registered before, there are a host of unfamiliar obligations that must be met, many of which are straightforward and administrative in nature (in many cases, third-party service providers offer cost-effective means of addressing many of these tasks). Other tasks and obligations, such as suitability assessment and […]

By Richard E. Austin |April 1, 2010

3 min read

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Planning and Advice

Making the Switch to IIROC

When Matthew Paradis wanted to expand his business last year, there was only one option he and his partner considered – join an IIROC dealer and leave their MFDA days behind. The Orleans, Ont.-based advisor, who’s been working with mutual funds for six years, said the decision to switch self-regulatory organizations was an easy one. […]

By Bryan Borzykowski |April 1, 2010

8 min read

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Planning and Advice

Charting a course to IIROC

Reams of paper. Thousands of “sign here” stickies. A fully stocked drawer of pens. A generous supply of office supplies isn’t all you’ll need to make the switch from the Mutual Fund Dealers Association of Canada (MFDA) platform to the Investment Industry Regulatory Organization of Canada (IIROC) platform. But it is absolutely essential. Advisors who’ve […]

By Alison MacAlpine |April 1, 2010

10 min read

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Planning and Advice

FaceOff: IIROC vs. MFDA

To IIROC or not to IIROC? We put the question to three successful advisors with three very different approaches, and got some great answers. YES Bruce Vaillancourt, CFP, CSA, Senior Financial Advisor, Vaillancourt Wealth Management/Manulife Securities Inc. Bruce Vaillancourt was an MFDA advisor before he moved to IIROC. In the first year after his move, […]

By Kanupriya Vashisht |April 1, 2010

13 min read

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Let them save, says CLHIA

Canada’s insurance and health industry believes the country’s retirement system is far from broken, and that individuals simply need more incentive to save for themselves. The Canadian Life and Health Insurance Association’s (CLHIA) latest report, Saving More for the Future: An Achievable Goal for Canadians offers recommendations that tinker with the existing retirement structure—such as […]

By Jody White |April 1, 2010

2 min read

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Briefly:

BMO Capital Markets has announced that Perry Hoffmeister will join the firm as head of U.S. investment and corporate banking, effective April 19. He will report to Bill Butt, global head of investment and corporate banking. “Perry has a tremendous reputation for focusing on clients, and a proven ability to lead large teams of professionals […]

By Staff |April 1, 2010

3 min read

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