Industry News

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Industry buzzing about Krembil/Bousada firm

Few details — but a lot of speculation — are emerging about what Tye Bousada’s new firm, EdgePoint Capital Partners, is going to mean for the industry, especially since he’s received the financial backing of Trimark co-founder Robert (Bob) Krembil. Bousada, until recently a high-profile lead manager of AIM Trimark’s flagship Trimark Fund, announced Tuesday […]

By Mark Noble |February 20, 2008

3 min read

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On The Shelf:

(February 19, 2008) Claymore Investments has rolled out yet another ETF alternative to the traditional mutual fund structure with the launch of the Claymore Premium Money Market ETF, which will trade on the TSX. “Money market interest rates today are low, and by offering a low MER of only 0.25%, which is dramatically lower compared […]

By Staff |February 19, 2008

2 min read

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Briefly:

(February 19, 2008) Tye Bousada, who last month resigned as the high-profile lead manager of AIM Trimark’s flagship Trimark Fund, announced the creation of a his new firm, EdgePoint Capital Partners. The firm has already attracted one big name shareholder in no other than Trimark pioneer Robert (Bob) Krembil. Krembil, through his holding company Chiefswood […]

By Staff |February 19, 2008

2 min read

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Boomers must lower expectations or save more: Survey

For many of Canada’s baby boomers, their perception of retirement will not match reality unless they start saving more, according to a new study put out by Fidelity Investments Canada. According to the 2007/2008 Fidelity Retirement Survey, which polled 1,000 Canadians who were age 45 or older, the majority of employed Canadian baby boomers — […]

By Mark Noble |February 19, 2008

4 min read

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(February 15, 2008) Loring Ward International has formed a special committee to review and evaluate an unsolicited takeover bid from its largest shareholder, Werba Reinhard Holdings Ltd. In a press release issued on Friday, the company questioned whether the proposed offer is bona fide, pointing out that the offer constitutes an “insider bid” under Canadian […]

By Staff |February 15, 2008

2 min read

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January worst month on record: IFIC

January 2008 has been deemed the worth month on record for redemptions of long-term mutual funds, the bread and butter of the retail fund industry, according to the latest data from the Investment Funds Institute of Canada. If not for incredibly strong sales of money market funds, the industry would have ended the month in […]

By Mark Noble |February 15, 2008

3 min read

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Dividend funds help recession-proof RSPs

With the market’s current volatility, it’s likely some Canadians are worried about their RSPs. But just because stocks are down doesn’t mean your future has to kick the bucket too. Gavin Graham, chief investment officer of Guradian Group of Funds, says investing in a dividend fund is a great way to recession-proof your RSP. “When […]

By Bryan Borzykowski |February 15, 2008

4 min read

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(February 14, 2008) Royal Bank of Canada’s American subsidiary, RBC Dain Rauscher, has struck a deal to buy Washington D.C.-based wealth management firm Ferris, Baker Watts, Inc. FBW manages about $18.5 billion in assets, with 330 advisors working out of 42 branches across 10 states. “FBW represents a strong strategic and cultural fit for the […]

By Staff |February 14, 2008

2 min read

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Feds want investment dealers to pay income on exposure

A proposal to change tax laws that govern “marked to market” reporting released by the federal government could have a big impact on the way Canada’s large investment dealers do business, according to tax experts. Unlike retail investors, who don’t have to account for capital gains or losses until they’ve actually sold a security, financial […]

By Mark Noble |February 14, 2008

3 min read

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Talk finances with your soon-to-be married boomers

Chocolate and flowers might be the typical Valentine’s Day presents, but why not tell your client to give the gift of a prenuptial agreement instead? Protecting your clients’ finances might not seem romantic, but with more boomers marrying later in life, smart financial planning is as important as organizing a big wedding. “It is an […]

By Bryan Borzykowski |February 14, 2008

4 min read

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