Industry News

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Briefly: “TD shores up Ameritrade stake” and more of Friday’s news

TD Bank Financial Group has confirmed it is in talks to increase its ownership stake in TD Ameritrade Holding Corp., the parent company of the online brokerage with the same name. TD had been limited to owning no more than 39.9% of the company, but that limit was raised to 45% on January 24, 2009. […]

By Staff |February 6, 2009

2 min read

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Week in review: February 2-6, 2009

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or BlackBerry. Skip to: Investing, industry news, products, RRSP reminders and […]

By Kate McCaffery |February 6, 2009

10 min read

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Ontario court ruling factors into divorce planning

A new wrinkle has been added to divorce proceedings, with the decision by the Ontario Court of Appeal on Wednesday, that external economic conditions can be factored into how a judge awards equalization payments. For planners, this means market conditions can impact what your client can expect to pay or receive in a divorce settlement. […]

By Mark Noble |February 5, 2009

5 min read

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Bear market sparks rise in complaints

It’s another sure sign of a recession. Clients are filing a lot more complaints, according to numbers from both the Investment Industry Regulatory Organization of Canada (IIROC) and the Ombudsman for Banking Services and Investments (OBSI). For its part, OBSI reports complaints have more than doubled in two years. In fiscal 2008, the office opened […]

By Philip Porado |February 5, 2009

3 min read

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Briefly: “DALBAR ranks UL statements” and more of Thursday’s news

Manulife Financial has been recognized as providing clients with the best universal life statements, handily beating the competition in the annual DALBAR rankings. The insurer scored 81.29 on the DALBAR ratings system, compared to an industry average of 68.1, making it the only company to achieve an “excellent” rating. Standard Life and Sun Life were […]

By Staff |February 5, 2009

2 min read

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Canadian managers protect the downside

It certainly appears that Canadian active managers were able deliver on their value proposition, mitigating the downside risk of their portfolios during one of the worst market downturns ever — the final quarter of 2008. According to Standard & Poor’s Indices Versus Active Funds Scorecard (SPIVA) for Canada, 53.2% of Canadian Equity active funds outperformed […]

By Mark Noble |February 4, 2009

4 min read

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Vancity and Inhance top annual SRI fund survey

Vancity Circadian Monthly Income Fund and Inhance Monthly Income Fund Class A were the top two SRI mutual funds in Canada last year, according to Corporate Knights magazine’s seventh annual survey of the country’s SRI universe. Ethical Balanced Fund placed third, followed by the Ethical Advantage 2010 Fund and the Ethical Advantage 2030 Fund. Meritas […]

By Doug Watt |February 4, 2009

2 min read

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Briefly: “Saving only half of retirement puzzle” and more of Wednesday’s news

With so much emphasis on funding retirement, it appears that many Canadians don’t plan for their first year actually in retirement, according to the 19th annual RBC RRSP Poll. The survey found that 76% of retirees had no idea how much money they spent in their first year after retirement. Among the 24% who did, […]

By Staff |February 4, 2009

4 min read

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ING sells off Canadian insurance assets

In a surprising move, to an unsurprising trend of sell-offs, Dutch-based ING Groep announced plans to sell part of its Canadian assets. According to yesterday’s announcement, ING expects to raise $1.9 billion from the sale by selling 63% of its stake in its Canadian insurance unit. Almost half of the money from the sale of […]

By Romana King |February 4, 2009

2 min read

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Foreign equity funds start 2009 on bleak note

Gold seemed to be the only bright spot amidst the market carnage that continued into the first quarter of 2009. According to preliminary performance data released by Morningstar Canada, the year started on an especially bleak note for investment funds that target non-Canadian equities, as the Morningstar Canada Fund Indices that track these funds posted […]

By Kanupriya Vashisht |February 3, 2009

3 min read

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