News and resources for Canada's top financial advisors
(October 30, 2003) The MFDA says its compliance review process has uncovered cases of fund dealers working with clients in jurisdictions where the dealer is not registered. The MFDA says fund dealers must obtain registration in all provinces and territories where clients are located, regardless of where the client was when the account was opened […]
By Staff |October 27, 2003
6 min read
(October 27, 2003) The sharp rise in popularity of income trusts over the past few years has attracted the attention of the country’s securities regulators. The Canadian Securities Administrators (CSA) — the umbrella group for the country’s provincial and territorial regulators — has proposed a new policy intended to beef up income trust disclosure. “We […]
By Doug Watt |October 27, 2003
2 min read
(October 27, 2003) Business leaders should ignore the naysayers and embrace the so-called challenges facing the export industry, according to Stephen Poloz, vice-president and chief economist at Export Development Canada. “The world is offering three gifts that are unique in history to Canadian companies,” he says. “The real question is what will we do with […]
By Steven Lamb |October 27, 2003
3 min read
(October 24, 2003) The IDA has launched a new online service that allows investors to check a broker’s disciplinary history. The electronic records date back to 1997 when the brokerage industry association started posting disciplinary notices on its Web site. “This is a quick and easy way to verify whether your investment advisor has a […]
By Doug Watt |October 24, 2003
2 min read
(October 24, 2003) The rumours continue to fly in the Talvest Town Hall concerning the purchase of Cartier Financial Partners. While there is no hard news on who may be buying Cartier, the consensus in the forum seems to be Power Financial. Now speculation has turned to setting a price on Cartier. “Cartier [Capital L.P.] […]
By Steven Lamb |October 24, 2003
3 min read
(October 23, 2003) It’s been a fairly low-profile first year of existence for The Institute of Advanced Financial Planners (IAFP), the industry association for advisors holding the R.F.P. designation. After focusing on building the association and signing up members, the IAFP will show a more public face next week with its first ever conference in […]
By Doug Watt |October 23, 2003
2 min read
(October 23, 2003) Canadians are not taking full advantage of the tax savings offered by investing in an RRSP, according to a report from StatsCan. The number of Canadians who contributed to their RRSP dropped by 4% to 5,991,440 last year, but the drop in the amount they invested was even more significant. Total contributions […]
By Steven Lamb |October 23, 2003
3 min read
(October 22, 2003) Public companies need to improve the quality of their financial disclosure, according to a survey of fund portfolio managers and equity analysts by the Association for Investment Management and Research (AIMR). “Despite the fact we are in an era of increased regulation and greater scrutiny of the financial reporting that public companies […]
By Steven Lamb |October 22, 2003
2 min read
(October 22, 2003) It’s been a heady time for proponents of securities regulation reform, with several major projects due by the end of the year. Yesterday, Advisor.ca tackled the wise persons committee and the uniform securities legislation project, with help from four industry leaders. Today, we conclude our series with a look at two other […]
By Doug Watt |October 22, 2003
4 min read
(October 21, 2003) Sometimes overlooking the slightest detail can carry huge consequences, not only for your client, but for yourself. This is especially true in the designation of beneficiaries for RRSPs and RRIFs, warns Jamie Golombek, vice-president of tax and estate planning at AIM Trimark Investments. “This is something that we as advisors take for […]
By Steven Lamb |October 21, 2003
3 min read
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