Industry News

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Act like an institutional investor

If you are still revisiting risk management strategies for your client portfolios given last year’s downturn, look no further than the institutional side of the business for best practices. “The last 12 months have probably served to undermind the traditional thinkings of asset allocation,” says Michael Cooke, vice-president of alternative strategies for Invesco Trimark. Cooke […]

By Deanne Gage |September 22, 2009

3 min read

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Exchange traded funds will have to attract capital if they want to challenge mutual funds’ dominant market share, says Deloitte. In a report released today, the auditor claims that several factors could enable ETFs to attract additional capital and become more profitable. ETFs need to be linked to less exotic indices, like commodities and equities. […]

By Staff |September 22, 2009

2 min read

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CLHIA warns of healthcare coverage crisis

During a time when the U.S. political system is being ripped apart over a bitter healthcare reform battle, there’s reluctance among Canadians to address this issue openly. The president of the Canadian Life and Health Insurance Association says Canadian healthcare system is headed for a crisis, unless serious reforms are made. Speaking before the Economic […]

By Mark Noble |September 22, 2009

3 min read

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Planning and Advice

Celebrating Advice: The Bag Lady of Bay Street

Even during these challenging times, many advisors are walking clients through processes that help contain losses and place portfolios back on the growth track. Going forward, we will regularly profile advisors who have turned adversity into opportunity and found innovative ways to better serve their clients. We’ll bring you stories, strategies, tips, and videos from […]

By Sandra Pierce |September 21, 2009

1 min read

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Securities lenders taking cautious tack: RBC Dexia

Other than a subtle shift in tighter risk management, the global securities lending business hasn’t slowed down much in the last year, according to a new study conducted by RBC Dexia. While there is increased scrutiny on institutional investors to mitigate their risk — which includes high amounts of leverage exposure — the securities lending […]

By Mark Noble |September 21, 2009

3 min read

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Canavan blasts POS delivery, HST

Last week Joe Canavan announced his retirement as CEO of Assante Wealth Management. Over the course of his 25-year career, he has witnessed a great deal of change. He has strong opinions on what the industry has accomplished, and on where it is going. Speaking with Advisor.ca, he praised the advice industry for its drive […]

By Steven Lamb |September 21, 2009

4 min read

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Foreign investors are turning their backs on Canadian securities. According to Statistics Canada, purchases dropped to $351 million from the $61.9 billion they invested over the first six months of the year while purchases of bank and financial shares remained healthy to the tune of $3.57 billion in bonds and $612 million in stocks. On […]

By Staff |September 21, 2009

2 min read

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Canavan retires from Assante

CI Financial has announced the retirement of Joe Canavan from the role of CEO of Assante Wealth Management (Canada) Ltd., effective Nov. 11. Canavan, a 25-year wealth management veteran, has been CEO of Assante since November 2003, when the firm was acquired by CI Financial. He was the founder of Synergy Asset Management, which was […]

By Staff |September 18, 2009

3 min read

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The signs don’t lie. An economic recovery is underway, but we aren’t out of the woods yet, say economists at Desjardins Group. With confidence returning to consumers and entrepreneurs, the upturn in the stock markets and the overall easing of worldwide financial tensions, there is no doubt that the global economic climate is improving. Desjardins […]

By Staff |September 18, 2009

3 min read

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Reforms mean closer scrutiny of referrals

One of the most significant changes that registration reform will bring for advisors concerns the use of referral fees. Advisors registered with the securities commissions will need to disclose all referral fee arrangements to clients. At the Strategy Institute’s Registration Reform conference in Toronto, Marsha Gerhart, a lawyer with Borden Ladner Gervais LLP and Carold […]

By Mark Noble |September 18, 2009

4 min read

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