Industry News

Decorative pattern

Insiders weigh in on broker defections

(June 8, 2004) A recent rash of broker defections and subsequent rumours of legal action has reignited a dormant debate in Canada’s financial services industry — just who owns the client? RBC DS was stunned last month by the departure of Susan Latremoille, one of its star advisors from its Toronto office, who resurfaced across […]

By Geoff Kirbyson |June 8, 2004

4 min read

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Briefly:

(June 11, 2004) Jovian Capital Corporation has announced it is acquiring Leon Frazer & Associates Inc., an investment counsellor with approximately $735 million in assets under management. The company will be held through Jovian’s wholly-owned subsidiary Jovian Asset Management Inc., with the deal set to close on or about July 15, 2004. “With this acquisition, […]

By Staff |June 7, 2004

5 min read

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Regulators introduce tougher proxy voting rules

(June 7, 2004) Canadian fund companies will be required to fully disclose their proxy voting records under the terms of proposed new regulations unveiled recently by the Canadian Securities Administrators (CSA). Proxy voting has been a sore spot for many investor advocates, who have been pushing for increased disclosure and transparency from the mutual fund […]

By Doug Watt |June 7, 2004

2 min read

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India poised to take advantage as China applies brakes

(June 7, 2004) Investors seeking a high growth component for their portfolio face a wealth of choices, ranging from individual equities and small cap funds to sector specific investments and emerging markets. When setting their sights overseas, the recent trend has been to invest in China, as the massive market lurches toward prosperity. While there […]

By Steven Lamb |June 7, 2004

4 min read

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Staking out the middle market

(June 4, 2004) These days it seems the entire world thinks bigger is better, as giant companies are bought by enormous companies to become colossal companies. Market consolidation has swept through the financial services industry with a vigour rarely seen, but Philip Armstrong, president and CEO of Jovian Capital, has a different approach. The latest […]

By Steven Lamb |June 4, 2004

2 min read

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More calls for tighter corporate governance

Compensation committees should disclose their charter and the process used to determine executive compensation. Executive compensation should be tied to objective parameters of financial, environmental and social performance. Codes of conduct and ethics should include specific reference to corporate social responsibility policies. Such policies allow companies to be alert to and manage risks associated with […]

By Steven Lamb |June 4, 2004

3 min read

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Advocis conference update: Advisors must get emotional when repositioning for future

Advocis conference update: Membership drive main focus for new chair Advocis conference update: Expert offers tips to send CI sales through roof Advocis conference update: Understanding generation profiles essential to team-building Advocis conference update: Survey says hedge funds will dominate new launches (June 4, 2004) In the ever-changing world of financial services, Doug Towill suggests […]

By John Craig |June 4, 2004

4 min read

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Advocis conference update: Survey says hedge funds will dominate new launches

Advocis conference update: Membership drive main focus for new chair Advocis conference update: Expert offers tips to send CI sales through roof Advocis conference update: Understanding generation profiles essential to team-building (June 3, 2004) If you think hedge funds lack staying power, think again. A recent Morningstar Canada survey of fund and product managers finds […]

By Deanne N. Gage |June 3, 2004

2 min read

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Document dispute leads to court fight

(June 3, 2004) Two Ontario government commissions are at odds over the public release of a controversial report on operations at the IDA. The province’s Information and Privacy Commission has ordered the Ontario Securities Commission (OSC) to make the document public, but the OSC has appealed and the matter is now headed for the courts. […]

By Doug Watt |June 3, 2004

3 min read

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Modest May gains for mutual funds

(June 2, 2004) Mutual fund performance was mixed in May with slightly more than half the indexes tracked by Morningstar Canada posting positive results. It was a volatile month on the stock markets, says Morningstar analyst Mark Chow, dominated by interest rate concerns, high oil prices and renewed geopolitical fears. That instability was especially pronounced […]

By Doug Watt |June 2, 2004

2 min read

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