Industry News

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Advisor-specific online auction kicks off

Imagine getting bestselling finance author Diane Francis to speak at a client appreciation night, or taking your top four clients out to lunch with CTV’s Lloyd Robertson. Well, thanks to an advisor-specific online charity auction, now you can. The auction, which started Monday morning, was dreamed up by Dan Richards, president of Strategic Imperatives Ltd., […]

By Bryan Borzykowski |August 25, 2008

2 min read

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Equity issuance remained weak in Q2

Canadian equity issuance continues to languish, as global economic uncertainty deters companies from floating fresh stock, according to a report from the Investment Industry Association of Canada (IIAC). Equity financing activity in the second quarter increased by just 2.6% over that of the first quarter, with $11.6 billion in capital raised. On a year-over-year basis, […]

By Steven Lamb |August 25, 2008

2 min read

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Update: Rumours link CI to Scotia

There were reports Friday morning that CI Financial is in talks with Scotiabank, to purchase the bank’s mutual fund operations in exchange for an equity stake in CI. In a report rife with unnamed sources, the National Post speculates that such a deal could result in Scotia holding a 35% stake in CI, which would […]

By Staff |August 22, 2008

4 min read

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By The Book:

(August 22, 2008) The Investment Industry Regulatory Organization of Canada has scheduled a hearing to determine the penalty it will impose upon André Bergeron, a former registered representative at Desjardins Securities. Bergeron was found to have failed in his duty to protect the public by opening 47 new accounts with his firm for a third […]

By Staff |August 22, 2008

1 min read

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On The Shelf: JovFunds takes over Jov Prosperity management

(August 22, 2008) JovFunds Management Inc has announced that it will take over as manager of the several Jov Prosperity funds currently managed by T.E. Investment Counsel, effective November 1, 2008. The affected funds include Jov Prosperity Canadian Fixed Income Fund, Jov Prosperity Canadian Equity Fund, Jov Prosperity U.S. Equity Fund and Jov Prosperity International […]

By Staff |August 22, 2008

1 min read

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Proposed IIROC rule too lax: FPSC

The Investment Industry Regulatory Organization of Canada’s proposed rule governing how its member firms supervise financial planning activities has drawn fire from critics, but even among those who support the measure, there are those who feel it could have been better written. The Financial Planners Standards Council (FPSC) of Canada welcomes the proposed rule, in […]

By Steven Lamb |August 21, 2008

1 min read

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On The Shelf:

(August 21, 2008) The Royal Bank of Canada is offering a helping hand to do-it-yourself investors, introducing model portfolios to its RBC Direct Investing service. The model portfolios are based on four risk tolerance levels and are constructed by advisors at RBC Asset Management, the RBC Mutual Fund Research Team and RBC Dominion Securities. “Asset […]

By Staff |August 21, 2008

2 min read

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Briefly:

(August 21, 2008) Clients who have children heading off to college or university this fall might be wise to remember that these kids won’t be students forever. For those heading out on their own for the first time, it may be too easy to damage their credit rating, and as potential clients, an advisor should […]

By Staff |August 21, 2008

2 min read

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Feds can charge environmental offenders

The Government of Canada may use its power over criminal law to enforce limits on greenhouse gas emission, according to an authority on constitutional law. Peter Hogg, professor emeritus at Osgoode Hall Law School and scholar in residence at Blake, Cassels & Graydon LLP, argues in a new report, released by the C.D. Howe Institute, […]

By Romana King |August 21, 2008

3 min read

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Reciprocal orders on the rise

Advisors who are banned by their securities commission better not think about setting 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 […]

By Bryan Borzykowski |August 21, 2008

3 min read

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