Industry News

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Briefly:

Portland Investment Counsel has announced that executive chairman Michael Lee-Chin will once again take on the role of CEO, with the departure of Jonathan Wellum at the end of the year. “I’d like to thank Jonathan for his commitment and dedication to Portland Investment Counsel over the last twenty years and I wish him every […]

By Staff |December 3, 2009

2 min read

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Rule change makes it easier to control debt

There hasn’t been a lot of positive financial news lately; so advisors with clients who have lost a business or a job, or are dealing with other serious money challenges should know that a valuable debt solution became more widely available last month. People struggling to resolve debt have a number of options, including consolidation […]

By Brian Pritchard |December 3, 2009

3 min read

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Meritas to merge with Qtrade

Meritas Financial has struck a deal to merge with Qtrade Fund Management, with the combined entity becoming part of Qtrade Financial Group, although Meritas Mutual Funds will continue to operate as a separate division. Meritas is one of Canada’s leading fund companies in the socially responsible investment (SRI) field, and Qtrade CEO Scott Gibner predicts […]

By Staff |December 2, 2009

2 min read

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Time for a Canadian state of mind?

For Canadian investors, there may be no better place to be right now than Canada. Some fund providers are suggesting clients consider retrenching back to Canadian holdings amidst an outlook that could see Canada as the leading performer of the developed world. Earlier this week, the Canadian division of SEI launched Canadian Focused Portfolios. Most […]

By Mark Noble |December 2, 2009

5 min read

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The majority of financial advisors and brokers understand the concept of a fiduciary standard, and are onboard with the idea, according to a survey by U.S.-based asset manager SEI. The survey found that 86% of advisors and 53% of brokers agreed that all financial professionals “should be required to meet the fiduciary standard.” “As practitioners […]

By Staff |December 2, 2009

2 min read

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Fund sales positive in November

Mutual fund sales turned positive in November, with net inflows of between $156.9 million and $656.9 million, according to preliminary estimates from the Investment Funds Institute of Canada (IFIC). “November was another good month for mutual fund investors. Collectively, they saw an estimated $12.5 billion month-over-month increase in their account balances due to market appreciation,” […]

By Steven Lamb |December 2, 2009

2 min read

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Planning and Advice

Celebrating Advice: The advisor evolved

Keith Costello, president and CEO of the Canadian Institute of Financial Planners Keith Costello, president and CEO of the Canadian Institute of Financial Planners Tony Mahabir, financial advisor, Canfin Financial Group Naguib S. Kerba, branch manager, Investment Planning Counsel Janet Freedman, president, Finance Matters Ltd. William D. Jack, Independent retirement advisor, Longhurst and Jack Q1. […]

December 1, 2009

10 min read

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Time is running out for families of disabled Canadians to make their 2009 contribution to a Registered Disability Savings Plan. Beating the December 31 deadline ensures eligibility for annual government assistance. “Not only are RDSPs a tax-efficient investment solution for Canadians with disabilities and their families, the plan can also help provide invaluable peace of […]

By Staff |December 1, 2009

3 min read

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M&A activity on the rebound

Merger and acquisition activity strengthened in Canada over the third quarter, reinforcing the notion that financial markets have stabilized. It was the second consecutive quarterly increase in M&A activity, according to investment bank Crosbie & Company Inc. There were 221 deals announced in Q3, according to the Financial Post Crosbie: Mergers & Acquisitions in Canada […]

By Steven Lamb |December 1, 2009

3 min read

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The FPSC made a subtle change to its name and brand. Originally known as the Financial Planners Standards Council, the name is now Financial Planning Standards Council. “We saw an opportunity to more fully align our brand identity with our central purpose which has become more refined these past years,” says Tamara Smith, vice-president of […]

By Staff |November 30, 2009

4 min read

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