Industry News

Decorative pattern

To hold out

“What should we do about financial planning?” has been a question that has, from time to time, kept regulators awake at night. The officials at the Investment Industry Regulatory Organization of Canada (IIROC) can be expected to sleep better once IIROC’s proposed Financial Planning Rule Minimum Standards for the Provision of Financial Planning Services comes […]

By Rebecca Cowdery and Prema Thiele |September 1, 2008

5 min read

Decorative pattern

Rise of reciprocal orders

Advisors who are banned by their securities commission better not set up shop somewhere else, as the number of reciprocal orders has shot up over the past year. Since 2006, securities commissions across the country have been using reciprocal orders in order to sanction people in one province after they were sanctioned in another. If […]

By Bryan Borzykowski |September 1, 2008

3 min read

Decorative pattern

Moving on TFSAs

As advisors consider how to strategically use the new Tax-Free Savings Accounts (TFSAs), one of the country’s largest insurance companies wants investors to consider insurance needs. Sun Life Financial has announced it will offer TFSA solutions when the accounts become available on January 1, 2009. The plan is to offer the TFSA investment option to […]

By Mark Noble |September 1, 2008

4 min read

Decorative pattern

Front End Load: Who’s more accurate?

Investors rarely have access to the buy-side analyst reports of institutional investors, and according to a new study by a trio of Harvard Business School researchers, they likely aren’t missing much. The study finds buy-side analysts are more optimistic and less accurate than their sell-side counterparts, who freely distribute their recommendations. Buy-side analysts work for […]

By Mark Noble |September 1, 2008

2 min read

Decorative pattern

Front End Load: Nit pix

What do you really want? That’s the question every client needs to ask in order to get something worthwhile from life. We hear a lot lately about values-based investing, and this book encourages clients and advisors to explore their values to achieve the goal of living what the authors call an “authentic life.” Yet, while […]

By Philip Porado |September 1, 2008

1 min read

Decorative pattern

Front End Load: Don’t do that

If you don’t fully understand a product, don’t sell it. Product risk is one of the major risks in the industry, just think Portus, Norshield and ABCP. Though certain investment products appear safe, they might have complex structures, layers of built-in fees and uncertain risks. So don’t just read the marketing material. Instead, go for […]

By William Donegan |September 1, 2008

1 min read

Decorative pattern

Regulators go to investors

Four of the nation’s largest regulators announced this month that they are seeking direct input from retail investors on the topic of investment product suitability. It’s an unprecedented move, and one the head of the Investment Industry Regulatory Organization of Canada (IIROC) hopes will yield valuable feedback that can be used as the basis for […]

By Mark Noble |September 1, 2008

3 min read

Decorative pattern

Chasing dirty money

If a scruffy guy named Anthony staggered into your office, plunked a duffel bag full of Bessies on your desk, and demanded: “I want life insurance,” you’d quietly excuse yourself and go looking for the manager. Unfortunately, today’s white-collar criminals aren’t so easy to spot. To ensure terrorists, smugglers, drug traffickers, or other criminals don’t […]

By Kanupriya Vashisht |September 1, 2008

6 min read

Decorative pattern

Briefly:

(August 29, 2008) The U.S. election is just a couple of months away and both sides are girding for battle. Both claim to have the true interests of Americans at heart, but which party might be better for Canadian investors? Judging by historical returns on the Toronto stock market, the Democrats are clearly the better […]

By Staff |August 29, 2008

2 min read

Decorative pattern

Oil production threatened by Hurricane Gustav: Rubin

Just when it was becoming cheaper for Canadians to fill up their cars, comes word from one CIBC economist that Hurricane Gustav will push gas prices up to $1.75 a litre. Jeff Rubin, CIBC’s chief economist, says the storm, which is bearing down on the oil-rig-littered Gulf of Mexico, could force production to shut down […]

By Bryan Borzykowski |August 29, 2008

3 min read

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