Industry News

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Growing number of advisors selling bank products

(October 3, 2005) It’s no secret that banks are emerging as a real competitive force in the arena of investment fund sales. But it’s not necessarily advisors working in the bank channel who are driving that growth. The latest study from Credo Consulting, entitled Winning in the Advisor Ranks — Balancing the Art & Science […]

By Kate McCaffery |October 3, 2005

3 min read

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IAFP conference update: Talking to the taxman

(October 3, 2005) As Ottawa looks for ways to reduce tax leakage on the income trust front, just a few blocks from Parliament Hill an intimate meeting of some 170 Registered Financial Planners were plotting ways to manipulate the current tax rules to ensure their clients pay the smallest tax bill. Financial planners and the […]

By Mark Brown |October 3, 2005

3 min read

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Have your client’s insured their most valuable asset?

If your client were to become disabled, one of their most valuable assets could be seriously impacted – their ability to work and earn a living. Our new client questionnaire is a valuable tool that can help you introduce the topic of individual disability insurance protection. Click here to download them now. October 2005

By Staff |September 30, 2005

1 min read

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IFIC conference update: New liability for mutual fund companies

(September 30, 2005) The Ontario Securities Act is being amended and compliance teams will likely need to make adjustments going forward in order to accommodate the rules under Ontario’s new civil liability regime, compliance experts say. Bill 149 comes into effect on December 31, 2005. The new legislation, proclaimed in August, gives stock market or […]

By Kate McCaffery |September 30, 2005

3 min read

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IAFP conference update: RFP group happy staying small

(September 30, 2005) The incoming president of the 500-member Institute of Advanced Financial Planners (IAFP) admits their numbers are not growing quickly. And that’s just the way he wants it. “Unlike other organizations, our raison d’être is not to be the biggest,” said Larry Jacobson at the IAFP’s annual symposium in Ottawa. “In fact we […]

By Mark Brown |September 30, 2005

4 min read

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Ontario’s long goodbye to the LSIF tax credit

(September 30, 2005) The government of Ontario has issued details on how it plans to eliminate the provincial tax credit for labour sponsored investment funds (LSIFs), phasing them out over the next five years. “We’ve consulted the industry, and heard its views,” said Finance Minister Greg Sorbara. “We’re committed to an orderly wind-down of this […]

By Steven Lamb |September 30, 2005

2 min read

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IFIC conference update: New chair says closer scrutiny will rebuild trust

(September 29, 2005) The new chair of IFIC has called for closer scrutiny of the fund industry she represents, suggesting making managers personally liable for their actions, rather than setting up an investor protection fund. “We should ask ourselves if a better and more effective answer to the issues that have surfaced in the last […]

By Steven Lamb |September 29, 2005

3 min read

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IFIC conference update: Concerns raised over fund review committees

(September 29, 2005) Do we really want to turn into Americans? That’s the question Canadian fund companies and regulators should be asking themselves when considering the Canadians Securities Administrators’ proposal to create Independent Review Committees (IRCs) to oversee conflicts of interest and other issues at mutual funds, says Larry Schwartz, director of LECG Canada’s Toronto […]

By Philip Porado |September 29, 2005

3 min read

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Specialization key to HNW clientele

(September 26, 2005) Advisors seeking to attract and hold onto millionaire clients should focus their practice and specialize in their core area of expertise, according to the 2005 Taddingstone Canadian Millionaire Report. “The days of the ambitious generalist with minimum qualifications are all but over,” says Keith Sjogren, leader of the wealth management practice at […]

By Steven Lamb |September 26, 2005

2 min read

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Morningstar reveals where the pros invest

(September 22, 2005) Clients expecting to reap a windfall from the energy sector’s massive run up may be in for a shock, as most mutual fund managers remained underweight in the sector in the first half of the year. According to Morningstar Canada’s first ever “Tracking The Pros” survey, equity fund managers apparently distrusted the […]

By Steven Lamb |September 22, 2005

2 min read

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