Industry News

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Celebrating Advice: Driving advice with tax planning

Blair Corkum, CA, R.F.P., CFP, CLU, RHU, FDS President Corkum & Associates Charlottetown Years in the business: 31 About me As a public accounting office, I am not licensed to sell product, and offer advice only on an hourly basis. I consider myself a chartered accountant offering business and tax advice, with a niche in […]

By Blair Corkum |March 15, 2010

4 min read

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Securities industry profits soar

The final quarter of 2009 capped off a massive recovery in earnings for the securities industry, according to data from the Investment Industry Association of Canada. Operating revenues jumped 19% from the third quarter, to $4.8 billion, while operating profits shot up 30%, to just under $2 billion. Compared to the same quarter in 2008, […]

By Steven Lamb |March 15, 2010

2 min read

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MFC Global Investment Management has named Chris Conkey as chief investment officer, global equities, effective immediately. He will lead MFC Global’s equity group from Boston and is responsible for the overall investment performance and risk management of the firm’s portfolio of equity strategies globally. In this role, Conkey will work with Barry Evans, CIO, global […]

By Staff |March 15, 2010

3 min read

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Money market funds should go: report

The poor performance of money market funds (MMFs) is robbing investors of between $300 million and $500 million, says a report by the Canadian Foundation for Advancement of Investor Rights (FAIR Canada). The report, titled Canadian Money Market Funds—Zero Returns says Canadians hold $56 billion worth of money market funds, most of which are not […]

By Vikram Barhat |March 12, 2010

2 min read

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TCU Wealth Management has selected Qtrade Financial Group as its new dealer for investments and mutual funds, as well as online brokerage services. “Our partnership with Qtrade will provide clients access to a more diverse portfolio of investment solutions including mutual fund dealer services, online brokerage, full service brokerage and discretionary money management,” said Celeste […]

By Staff |March 12, 2010

3 min read

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The family office evolved

Technology, complexity and personalization are three common themes of modern life. With the advent of the multi-family office and virtual-family office, wealthy families can benefit from these trends. The multi-family office (MFO) or virtual-family office (VFO) offers personalized asset management that mitigates against complexity and uses the latest technologies—without incurring the expense of a traditional […]

By Mariellen Ward |March 12, 2010

8 min read

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Manulife Financial has named Paul Lorentz as senior vice-president, investment products and president, Manulife Investments. Lorentz joined Manulife in 1993, and most recently led Manulife’s distribution organization. “This is a new senior executive position in our Canadian business that reflects our view that our wealth management business holds tremendous potential,” said Roy Firth, executive vice-president, […]

By Staff |March 11, 2010

2 min read

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Advice for the disabled wins praise

As business students from George Brown College found out, sometimes financial advisors can learn a thing or two from their clients. George Brown’s SIFE team (Students In Free Enterprise) won the 2010 HSBC SIFE Financial Education Challenge Regional Championships and will now move on to the national competition in Calgary on May 11th. The competition […]

By John Powell |March 11, 2010

2 min read

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AGF names Bogart as CFO

Industry veteran Robert J. Bogart has been appointed as senior vice-president and chief financial officer (CFO) of AGF Management Limited (AGF), the company announced today. “At AGF, we are committed to providing our stakeholders with transparency, disclosure and value, a philosophy that Bob shares. He is a great fit within our culture of helping investors […]

By Vikram Barhat |March 10, 2010

1 min read

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Portfolio products continue to wrap up assets

Standalone mutual funds may be under attack—with billions in net redemptions over the past year—but the culprit is not necessarily the much-vaunted exchange traded fund. In fact, much of the money pulled out of individual funds may be finding its way into one of the best marketing tools the fund companies have: the portfolio solution. […]

By Steven Lamb |March 10, 2010

3 min read

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