Industry News

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Advisor-sold investment loans pose conflict of interest

Offering an investment loan to help finance a client’s mutual fund purchases might seem like a good idea, but one Ottawa-based lawyer questions the practice. Harold Geller, an expert in financial advisor liability, says offering a client an investment loan can be a conflict of interest, pointing out that the more money advisors put into […]

By Bryan Borzykowski |August 31, 2007

4 min read

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Briefly:

(August 30, 2007) Desjardins Family of Funds is seeking unitholder approval for the merger of some funds and changes to investment objectives. Among the changes, Desjardins would like to merge its Select Canadian Equity Fund and the Desjardins CI Canadian Investment Fund into Desjardins Canadian Equity Value Fund. Also on the block, Desjardins Fidelity Canadian […]

By Staff |August 30, 2007

3 min read

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Smaller bank’s service trumps rivals: survey

facility; transaction experiences; transaction experiences; facility; account setup/product offerings; account statements; fees; and problem resolution. The 2007 Canadian Retail Banking Study includes the largest financial institutions — banks and credit unions — in Canada, and is based on responses from 11,325 customers who use a primary financial institution for personal banking. The study was fielded […]

By Steven Lamb |August 30, 2007

3 min read

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U.S. independent advisors opting for ETFs

Advisors south of the border are increasingly using exchange traded funds (ETFs) in their clients’ portfolios instead of traditional equity-based mutual funds, according to a survey of independent advisors, commissioned by U.S. brokerage Schwab Institutional. Conducted biannually by Koski Research, the Independent Advisor Outlook Study is a survey of more than 1,000 independent U.S. financial […]

By Mark Noble |August 30, 2007

4 min read

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Analysts watching AIM Trimark succession plan

When a top manager departs suddenly, it can leave fund companies and their investors in the lurch. AIM Trimark, though, is reassuring investors that it will be business as usual for the funds formerly overseen by star fund manager Geoff MacDonald, who announced his resignation last week. AIM Trimark has been able to find replacements […]

By Mark Noble |August 29, 2007

3 min read

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(August 29, 2007) CSI Global Education, which administers the Canadian Securities Course, among other programs, has held a special graduation ceremony for 28 employees of Guangfa Securities, one of China’s top securities firms. “Canada’s expertise in the financial services industry coupled with our high level of proficiency standards can help accelerate the growth of capital […]

By Staff |August 29, 2007

4 min read

Decorative pattern

Briefly:

(August 29, 2007) CSI Global Education, which administers the Canadian Securities Course, among other programs, has held a special graduation ceremony for 28 employees of Guangfa Securities, one of China’s top securities firms. “Canada’s expertise in the financial services industry coupled with our high level of proficiency standards can help accelerate the growth of capital […]

By Staff |August 29, 2007

4 min read

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Credit unions beat Big Five in service: study

branch access and convenience; staff service at the branch; valuing [the customer’s] business; willingness to recommend to family and friends; value for money of products and services received; overall quality of customer services; overall quality of customer services; value for money of products and services received; willingness to recommend to family and friends; valuing [the […]

By Mark Noble |August 29, 2007

3 min read

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M&A activity breaks records, future uncertain

While the market has been in turmoil for weeks now, the long-term effects of falling stock prices and vanishing liquidity has yet to be felt. So although Crosbie & Company’s quarterly report on Canadian mergers and acquisitions says M&A activity had its best quarter ever, it’s important to remember that the outlook for the rest […]

By Bryan Borzykowski |August 29, 2007

3 min read

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Briefly:

(August 28, 2007) The Canadian Home Income Plan (CHIP) faces new competition in the reverse mortgage market that it has long dominated. Seniors Money International has announced it will enter the Canadian market with the stated goal of becoming “the preferred provider in conservative and flexible retirement funding.” “The entry of Seniors Money into Canada […]

By Staff |August 28, 2007

3 min read

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