Industry News

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(November 21, 2006) RBC Capital Markets has struck a deal to purchase Daniels & Associates, a U.S.-based mergers and acquisitions advisor to the cable, telecom and broadcast industries. “By combining Daniels’ experience with our proven execution capabilities in high yield, syndicated loans, public equity, private placement and convertibles, we can together add significant value to […]

By Staff |November 21, 2006

4 min read

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Fired trader seeks $100 million in damages

There are many ways to become quite wealthy in the financial services industry. Negotiating a hefty compensation package is one way. Suing for wrongful dismissal is another. One former trader has done both. David Berry, former vice-president and director of Scotia Capital, is seeking $105 million in compensation from his former employer for his June […]

By Steven Lamb |November 21, 2006

3 min read

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Five key retirement risks

According to Peter Drake, the vice-president of retirement and economic research at Fidelity Investments, there are five key risks to retirement income: longevity, asset allocation, inflation, excess withdrawal and health-care spending. It’s up to advisors to help their clients cope with these challenges to ensure they have income to last them through their retirement. If […]

By Mark Brown |November 21, 2006

3 min read

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(November 20, 2006) Loring Ward International has announced it is selling its remaining business management practices and will focus on asset management and advisor services. The two business management practices are being sold to companies organized by the businesses’ senior managers and former owners prior to their acquisition by Loring Ward. The company expects to […]

By Staff |November 20, 2006

3 min read

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CI unveils post-Sionna lineup

CI Investments has announced a series of portfolio management changes aimed at permanently filling the gaps left by the abrupt departure of Kim Shannon’s Sionna Investment Managers Inc. in early October. The affected funds include CI Canadian Small/Mid Cap Fund, CI Canadian Asset Allocation Fund, Synergy Canadian Style Management Corporate Class, Synergy Tactical Asset Allocation […]

By Steven Lamb |November 20, 2006

2 min read

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Affluent tastes

Affluent clients with less than $2.5 million US in assets are more likely to shop around for investment firms and financial advisors than richer clients are, a new Forrester Research study has found. The frugality of consumers diminishes with wealth — up to a point. The more money consumers amass, the more likely they are […]

By Mark Brown |November 20, 2006

2 min read

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Deep defiance

(November 2006) We are thrilled to bring you our first (and hopefully not last) foray into investigative journalism. Our cover story takes a closer look at the court case of Kent Shirley (now deceased) versus his former employer, top Saskatoon advisor Brian Mallard — and the ruckus that ensued. The story starts in 2004, when […]

By Deanne Gage |November 17, 2006

3 min read

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(November 17, 2006) Despite long-standing predictions of an economic slowdown, U.S. consumer confidence has rebounded following the mid-term elections earlier this month, according to RBC. “The post-election rebound in consumer confidence is supported by economic and financial data,” said T.J. Marta, economic and fixed income strategist for RBC Capital Markets. “Housing does remain an issue, […]

By Staff |November 17, 2006

3 min read

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Blog this: How one advisor made a name for himself online

Have you ever heard of Russell Bailyn? Do a quick search online and you’ll quickly hit upon his young smiling face and all of his thoughts on everything from real estate to professional designations. Bailyn is a wealth manager with Premier Financial Advisors, an independent asset management and advisory firm in New York City — […]

By Mark Brown |November 17, 2006

4 min read

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(November 16, 2006) The heads of three Canadian mutual fund companies have issued an open letter to the nation’s political leaders, calling for action on climate change. “The decision to amend the Clean Air Act in the House of Commons presents a historic opportunity for Canada to show the world how a country can come […]

By Staff |November 16, 2006

3 min read

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