Industry News

Decorative pattern

Fund industry mulls national solution to HST

The current headache that the proposed harmonized sales tax (HST) in Ontario and British Columbia is causing the mutual fund industry could easily be avoided by granting a national exemption to investment funds, according to the president of the Investment Funds Institute of Canada (IFIC). At a presentation to the national media and members of […]

By Mark Noble |October 8, 2009

3 min read

Decorative pattern

Briefly:

Gluskin Sheff + Associates has announced the appointment of David Vankka as vice-president, risk management, for the firm. “We are very excited to welcome David to our growing team,” said Jeremy Freedman, deputy CEO with Gluskin Sheff. “We are committed to providing a platinum level of service to our clients, and David strengthens our ability […]

By Staff |October 7, 2009

3 min read

Decorative pattern

Invesco Trimark hires two Burgundy VPs

Invesco Trimark has announced two additions to its global equities team. Michael Hatcher, formerly vice-president of Burgundy Asset Management, has been named vice-president with Invesco Trimark. He brings over 13 years of investment experience, focusing on European equities. Jeff Feng, also formerly a vice-president with Burgundy, joins Trimark as vice-president as well. Feng brings over […]

By Steven Lamb |October 7, 2009

1 min read

Decorative pattern

Bullish sentiment takes hold of advisors

Canadian financial advisors have gone from morose to outright bullish in the last few months, according to Horizons BetaPro Management’s quarterly advisor sentiment study. The survey of 300 Canadian advisors representing roughly $20 billion in assets under management finds sentiment has become bullish on the outlook for broader equity markets, the Canadian dollar and commodities, […]

By Mark Noble |October 7, 2009

3 min read

Decorative pattern

Teach young advisors to prospect

There is a growing number of people with qualifications to be financial planners. Problem is, if they can’t sell, there’s not a lot of opportunity for them. A panel of industry recruiters at the 2009 Financial Planning Standards Council’s (FPSC) Financial Planning Symposium in Toronto emphasized there is a need for new advisors, but if […]

By Mark Noble |October 6, 2009

4 min read

Decorative pattern

Briefly:

Despite frequent warnings that the economic recovery remains fragile, Canadians are becoming more optimistic about investing, according to a national survey by Manulife Financial. It is the third consecutive quarterly rise in the Manulife Investment Sentiment Index, with investor confidence rising for eight of 10 investment categories and vehicles. “Canadians appear to be more optimistic […]

By Staff |October 6, 2009

3 min read

Decorative pattern

HighView Financial buys Hallett & Assoc.

HighView Financial Group has struck a deal to acquire all outstanding shares of Dan Hallett & Associates Inc. The transaction is subject to regulatory approval. “Through his deep understanding of mutual funds and fund managers and regular insightful commentary Dan Hallett has become one of the most respected and well known mutual fund analysts in […]

By Mark Noble |October 6, 2009

2 min read

Decorative pattern

Money markets drag fund sales lower

September is traditionally a troubled month for the investment industry, and though mutual fund returns were largely positive, actual sales were in negative territory, according to preliminary data from the Investment Funds Institute of Canada (IFIC). The industry posted net redemptions of between $475.9 million and $975.9 million for the month. If there is a […]

By Steven Lamb |October 5, 2009

2 min read

Decorative pattern

Briefly:

The return of investors to the market is giving a boost to the exchange-traded funds sector, according to one provider of these vehicles. For details, and to read other financial services industry updates, click the “full story” button below. PARAGRAPH: The return of investors to the market is giving a boost to the exchange-traded funds […]

By Staff |October 5, 2009

5 min read

Decorative pattern

Defining financial planning a top task

Setting out a vision statement for the next 10 years, the largest financial planning standards body in Canada held a symposium in Toronto on Monday, where the topic of regulating and defining what it means to be a financial planner was front and centre. Outside of Quebec, anybody can call themselves a financial planner, and […]

By Mark Noble |October 5, 2009

4 min read

← Previous 1 … 1,740 1,741 1,742 1,743 1,744 … 2,188 Next →