Industry News

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(September 29, 2006) CIBC is adding a pair of new products to its fund family, in the U.S. equity and international equity categories. The CIBC Disciplined U.S. Equity Fund and CIBC Disciplined International Equity Fund will provide investors with the opportunity to participate in U.S. and international equity markets with an exceptional degree of discipline […]

By Staff |September 29, 2006

3 min read

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Investors confident with funds: poll

Contrary to some recent press reports, the investing public is largely satisfied with the mutual fund industry, and is even comfortable with the level of fees associated with funds, according to a Pollara survey commissioned by IFIC. The nationwide survey found that 84% of mutual fund investors were at least “somewhat comfortable” with fees, while […]

By Steven Lamb |September 29, 2006

3 min read

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(September 28, 2006) Despite all the talk of a U.S. economic slowdown and the effect it will have on our own markets, Canadian money managers have become increasingly bullish over the past three months, according to the Russell Investment Manager Outlook report. Almost two-thirds of investment managers say a recession is unlikely in the U.S., […]

By Staff |September 28, 2006

4 min read

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Fund industry backs advisor channel

Some of Canada’s more recognizable mutual fund manufacturers, managers and distributors used a panel discussion at IFIC’s annual conference to stress the importance of the advisor to the industry, despite reports that say funds pay advisors too much. Don Reed, president and CEO of Franklin Templeton Investments, characterized the relationship between the advisor and a […]

By Mark Brown |September 28, 2006

3 min read

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(September 27, 2006) The BCSC will host a half-day dialogue this Thursday, Sept. 28, for investment industry professionals and market participants. The regulator is seeking input on how best to implement better securities regulation for investors and the industry. “We have been working for several years to design and administer a more efficient and effective […]

By Staff |September 27, 2006

3 min read

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Dabarno seeking high-quality advisors

A year after losing its CEO, Richardson Partners Financial found its replacement from within. The Winnipeg-based wealth management firm announced on Tuesday that Sue Dabarno, its president for the past year, has added chief executive officer duties to her role. She replaces the CEO-by-committee that has operated since Mike Miller, president and CEO since the […]

By Renée Alexander |September 27, 2006

3 min read

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(September 26, 2006) Richardson Financial Group announced Tuesday that it has promoted Sue Dabarno, currently president of Richardson Partners, appointing her CEO of Richardson Partners Financial Limited, the wealth management affiliate of Richardson. Darbano, the former president and CEO of Merrill Lynch Canada, joined Richardson Partners in 2003. The company says that, under her leadership, […]

By Staff |September 26, 2006

3 min read

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Requests for rule advice should follow command chain

Relationships between advisory firms and their regulators are built at the staff level, but it’s important the right staff do the communicating. Ken Woodard, director of communication and membership services at the MFDA, said he encourages firms to pick up the phone and ask for further information, or clarification, about rules, and insists that if […]

By Philip Porado |September 26, 2006

2 min read

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(September 25, 2006) Bank of Montreal and Generation Capital recently launched the BMO Generation Capital Integrated Energy Deposit Note, Series 1, for sale until November 10. The notes offer exposure to energy securities with 100% principal protection from the Bank of Montreal. Variable returns, if any, are linked to the performance of a basket of […]

By Staff |September 25, 2006

3 min read

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Dealers struggle with deluge of new notes

The proliferation of principal-protected notes coming to market is posing a challenge for the country’s mutual fund dealers. Advisors are asking for them, but firms are forced to go through a stringent due diligence process before they can add the notes to an already-crowded product shelf. Peter Loach, managing director of mutual fund research at […]

By Doug Watt |September 25, 2006

2 min read

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