Industry News

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Client list: You can take it with you

The B.C. Court of Appeal has issued a decision affirming an advisor’s right to contact clients if the advisor leaves his or her firm for another. The ruling allows advisors to take with them a list of their own clients but prohibits them from taking contact information for their colleagues’ clients. The appeal stems from […]

By Steven Lamb |January 16, 2007

2 min read

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(January 15, 2007) Goodman & Company Investment Counsel Ltd. announced on Monday it will expand its tax-effective product offerings with the addition of two new Dynamic Funds Series T options and four new corporate class funds. To complement its nine funds that offer Series T units, Dynamic will offer Series T units on its Dynamic […]

By Staff |January 15, 2007

3 min read

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Fund sales soar at year end

Net new fund sales for the month of December totaled $2.4 billion according to IFIC’s monthly statistics report, the highest net sales for a December since 1996. The net assets of the industry grew from $652 billion to $660 billion, a 2.2% increase from November and a growth of 15.8% for the year. But despite […]

By Mark Noble |January 15, 2007

3 min read

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Platform choice: Easing the transition to fee-based

(January 2007) If you’re an MFDA-licensed advisor considering a move to a fee-based model — and surveys suggest you already have or will in the future — there are a number of obstacles to overcome, says Ottawa-based advisor Marc Lamontagne. There’s the fear that clients may balk at paying a fee and that your income […]

By Marc Lamontagne |January 12, 2007

4 min read

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(January 12, 2007) On Friday, CIBC Investor’s Edge unveiled Edge Advantage, a new online trading system for Canadian investors. CIBC said Edge Advantage will offer a service with some of the most flexible trading options available in the marketplace. Subscribers of the service will be able to purchase a package of 50 trades, which can […]

By Staff |January 12, 2007

3 min read

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Study sheds new light on Canadian hedge fund market

With 33% of Canadian hedge funds only three to five years old, the market is still in its infancy. That, says James Niosi, vice-president of NBCN Prime Brokerage, means the industry has only one place to go — up. “While the Canadian hedge fund market is maturing, it still has plenty of room to grow,” […]

By Bryan Borzykowski |January 12, 2007

2 min read

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(January 11, 2007) The IDA has fined Savitri Shamseer, a registered representative with Argosy Securities in Richmond Hill, Ontario, $40,000 for a pair of offences, including conducting discretionary trades in a client account without written approval. Shamsheer also admitted that between February 2002 and December 2003, she failed to use due diligence to ensure that […]

By Staff |January 11, 2007

4 min read

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DALBAR honours fundcos for superior customer service

DALBAR Canada has announced the winners of its annual mutual fund service awards, with BMO Mutual Funds topping the list for the first time. Each year, DALBAR evaluates Canada’s 17 largest mutual fund companies by playing the role of average Canadian investors seeking information on mutual funds. In 2006, DALBAR made more than 2,000 phone […]

By Mark Noble |January 11, 2007

2 min read

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(January 10, 2007) The Meritas Jantzi Social Index Fund has become the first mutual fund to invest in MicroVest Capital Management, a private U.S. firm that provides debt and equity capital and management oversight to microfinance institutions in emerging markets. The investment comes in the form of a $300,000 US note subscription, and both parties […]

By Staff |January 10, 2007

4 min read

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Energy prices to weigh on equity returns, managers say

Investment managers across the country are predicting significantly lower equity returns in 2007, mainly due to falling energy prices. According to the Fearless Forecast, an annual survey conducted by Mercer Investment Consulting, investment managers at 51 institutional firms predict equity returns will come in between 7% and 9%; returns in 2006 were 17.3%. “There’s been […]

By Bryan Borzykowski |January 10, 2007

3 min read

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