Industry News

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Advocis conference update: Opportunity, professionalism buzzwords at opening session

(May 27, 2004) The Advocis 2004 national conference officially kicked off in Calgary today, with one industry insider stressing the importance of striving for professionalism and highlighting opportunities that the informed advisor can capitalize on. “There’s a lot of uncertainty out there and there’s a lot of change in product and distribution, mergers and acquisitions […]

By John Craig |May 27, 2004

3 min read

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Advocis conference update: Advocis announces in-house E&O program

(May 27, 2004) Advocis members should see a much improved errors and omissions insurance (E&O) plan by April 1, the next renewal period, thanks to the launch of a new independent association that will oversee E&O development, association officials say. “A strong marketplace demand has driven Advocis to work on this innovative errors and omissions […]

By Deanne N. Gage |May 27, 2004

2 min read

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Big banks post big profits

(May 26, 2004) Two of Canada’s big banks today released their latest earnings reports, ringing up huge profits in the second quarter. BMO Financial and CIBC posted quarterly earnings of $602 million and $531 million respectively. Both banks announced significant growth in their private client and wealth management groups, while seeing profitability decline in their […]

By Steven Lamb |May 26, 2004

2 min read

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Fund statements improving, says researcher

(May 26, 2004) Mutual fund statements have become clearer and easier to understand over the past three years, according to Dalbar’s 2004 Investor Statement Analysis. “Companies today are generally using more personal language in their statements — they’re speaking directly to the customer rather than referring to them in the third person,” says Mark McDonald, […]

By Steven Lamb |May 26, 2004

2 min read

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Briefly:

(May 28, 2004) The annual offering of Ontario savings bonds begins today, the province’s finance minister announced. The province is selling three types of bonds until June 18: Step Up Bonds, Fixed Rate Bonds and Variable Rate Bonds. The five year Step Up Bond interest rates are 1.7% this year, 3% next year, 3.5% in […]

By Staff |May 25, 2004

6 min read

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Drilling down: Advocis conference heads west

(May 25, 2004) After a successful Newfoundland outing in 2003, Advocis is heading west this year to Calgary for its annual advisor conference, which gets underway later this week. The theme of the yearly gathering of financial advisors — staged at the Telus Convention Centre May 26 to May 29 — is “Drilling down: shifting […]

By Staff |May 25, 2004

2 min read

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Aegon introduces advisor financing program

(May 25, 2004) The mutual fund dealer arm of Aegon Canada is joining forces with a bank to offer a financing program for advisors interested in purchasing books of business. Aegon Dealer Services runs the Money Concepts franchise in Canada. The program, a joint effort of Aegon, Money Concepts and BMO Bank of Montreal, will […]

By Doug Watt |May 25, 2004

2 min read

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Time travel: Morningstar rates quarter-century club

(May 21, 2004) In today’s 5,000-plus mutual fund universe, it’s hard to fathom a time when the Canadian market consisted of just 120 funds. But that was in the case in 1979 and Morningstar Canada has done a bit of number-crunching to see how those veteran funds performed over the past 25 years. Three of […]

By Doug Watt |May 21, 2004

2 min read

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CRTC backs down on tough telemarketing rules

(May 21, 2004) The CRTC has decided not to implement a national “do not call” registry as a way to deal with unwanted telemarketers. The issue was a concern among advisors who use cold calling as a way of reaching new clients. The U.S. established a “do not call” registry earlier this year and it […]

By Doug Watt |May 21, 2004

2 min read

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More changes on the way at Assante: Canavan

(May 20, 2004) This is no longer Marty Weinberg’s Assante Corp. Since selling the Winnipeg-based financial services company he co-founded in 1995 to CI Fund Management last August for $846 million, Joe Canavan, his successor as president and CEO, has moved quickly to put his own stamp on the company. This week’s announcement that Daniel […]

By Geoff Kirbyson |May 20, 2004

3 min read

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