Industry News

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Advocis designation campaign hits the road

(August 13, 2003) Advocis is stepping up its campaign to make professional designations a requirement of advice giving, recently holding meetings with senior regulators, industry representatives and politicians across North America. Under the Advocis plan, first unveiled at the advisor association’s conference in Newfoundland earlier this year, the CFP, CLU, fellow of the Canadian Securities […]

By Doug Watt |August 13, 2003

3 min read

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Time is running out to send in Career Achievement Award nominations

outstanding service in protecting the interests of the investor efforts to raise the professional standards for those giving financial advice demonstrated leadership and innovation in the field of financial advice For a better idea of what the Career Achievement Award is all about, consider the careers of the first two recipients: In 2001, Advisor’s Edge […]

By Steven Lamb |August 12, 2003

2 min read

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Venture capitalists stay on sidelines

(August 12, 2003) Canadian venture capitalists remained cautious in the second quarter of 2003, according to a report from the Canadian Venture Capital Association and Macdonald & Associates Limited. Total dollars invested in venture funding dropped 33% to $212 million between April and June, from $314 million in the first quarter. Disbursement totals were sliced […]

By Steven Lamb |August 12, 2003

2 min read

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Dundee agrees to sanctions in RRSP scam

(August 12, 2003) Dundee Securities has agreed to review its compliance procedures and pay $150,000 in costs after one of its registrants apparently masterminded a scam involving the purchase of shares using funds in locked-in RRSP accounts. The Ontario Securities Commission (OSC) says Brian Verbeek processed hundreds of transactions worth more than $17 million while […]

By Doug Watt |August 12, 2003

2 min read

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Briefly:

(August 14, 2003) The CPP Investment Board (CPPIB), the body that oversees equity investments for the CPP, has committed $550 million to new and existing private equity partnerships. The CPPIB has $5.6 billion committed to 37 limited partnerships, with $1.6 billion of that already invested in private equity. The latest commitment of funds are to […]

By Staff |August 11, 2003

4 min read

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Making middle net worth work

(August 11, 2003) Chasing high net worth (HNW) clients has always been something of a Holy Grail for financial advisors. But competition for the already tight HNW market is heating up and recent studies suggest the number of millionaires is on the decline. If the idea of running even harder to snare that rare but […]

By Art Melo |August 11, 2003

4 min read

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Planning and Advice

Recharging the generator: What can you do to motivate your staff?

Successful advisors are invariably self-motivated. But when we look to motivate our staff, we tend to forget that motivation comes from within. Our instinct is to apply what Frederick Herzberg called KITA: a kick-in-the-a– approach. Over 30 years ago, in a classic Harvard Business Review article, he also told us KITA doesn’t really work. “If […]

By Harvey Schachter |August 8, 2003

3 min read

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Regulatory competition counterweight to securities industry concentration, Quebec study argues

(August 8, 2003) Perceptions not established facts drive the debate on securities regulation in Canada, says an academic study commissioned by Quebec’s securities regulator. The report is also highly critical of brokerage fees and the “extreme concentration” of investment dealers, as well as the Toronto Stock Exchange’s status as more than a “regional” small-cap exchange. […]

By Scot Blythe |August 8, 2003

5 min read

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CPP investments ride market rally

(August 7, 2003) The CPP Investment Board (CPPIB) reported its plan had earned a healthy 5.5% return on pension contributions in the quarter ending June 30, adding $3.1 billion to the pension plan’s coffers. In the previous quarter the board had posted a loss of $1.2 billion. “While our first-quarter results are encouraging, Canadians should […]

By Steven Lamb |August 7, 2003

2 min read

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Investors return to mutual funds in July

(August 6, 2003) July was a good month for the mutual fund industry, as investors piled back in to the tune of $300 million, according to estimates from IFIC. “This is the first time that net sales have been positive since last RRSP season. The majority of the sales are likely from long-term funds which […]

By Steven Lamb |August 6, 2003

2 min read

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