News and resources for Canada's top financial advisors
Industry
(April 2, 2003) Internet history can be difficult to pin down. Unlike print publications, Web-based organizations rarely keep hard copies of their constantly changing and rapidly expanding pages. Having said that, we’re fairly sure this week marks the third anniversary of the Advisor.ca Web site. The past three years have seen numerous changes, both for […]
By Doug Watt |April 2, 2003
3 min read
(April 2, 2003) Canadian stock exchanges continue to outperform on corporate governance issues, according to Barbara Stymiest, chief executive officer of the TSX Group. In a Toronto speech this morning, Stymiest suggested that the TSX Group’s two main operations — the Toronto Stock Exchange and the TSX Venture Exchange — enjoy great fiscal health and […]
By Art Melo |April 2, 2003
(April 1, 2003) In an effort to help advisors protect themselves against lawsuits, the Peel Institute is offering an errors and omissions insurance training course. It’s hoped the course will ultimately lead to reduced E&O premiums and improved coverage, says Peel registrar Jim Bullock. The course consists of a three-hour seminar as well as an […]
By Doug Watt |April 1, 2003
2 min read
(March 31, 2003) The Mutual Fund Dealers Association has rolled back implementation of its investor protection fund, scheduled for July 1, as it prepares a response to a number of negative industry comments about the proposal. The establishment of an Investor Protection Corporation (IPC) was mandated by the country’s securities regulators as a condition of […]
By Doug Watt |March 31, 2003
(March 31, 2003) One hundred and six Ontario Securities Commission staff members earn more than $100,000 per year, the Ontario government revealed today. The OSC salary list is topped by chair David Brown, who made $552,000. The province releases salary information annually under the terms of the 1996 Public Sector Salary Disclosure Act. Other high-earning […]
1 min read
(March 24, 2003) Nearly half of all Canadians use a financial advisor to help them with their retirement savings plans, a Leger Marketing survey released today concludes. The poll also indicates that while seven in 10 Canadians plan their RRSP contributions well in advance, nearly one-quarter make last-minute decisions. When asked who provides advice on […]
By Doug Watt |March 28, 2003
(March 25, 2003) Proceeds from the Toronto Stock Exchange’s initial public offering helped the Canadian securities industry post a profitable final quarter of 2002. But excluding that one-time gain, profits sank for the second straight year, the Investment Dealers Association said today in its latest securities industry performance report. “The securities industry remained in the […]
(March 25, 2003) The love affair between advisors and high net worth (HNW) clients is ending, according to one speaker at the 83rd annual Ontario Sales Congress of the Peel Institute of Applied Finance in Toronto. But there are opportunities for advisors to build a fence around their affluent clients by developing true partnerships and […]
By Jennifer McLaughlin |March 28, 2003
(March 26, 2003) Great-West Life’s proposed acquisition of Canada Life would strengthen the Winnipeg-based insurer’s already dominant position in the country’s segregated fund marketplace, according to a report by research firm Investor Economics. Great-West Life (GWL) is Canada’s seg fund market leader, with $10 billion in assets under management as of December 31, 2002. Adding […]
(March 27, 2003) Canada’s seniors will see a slight increase in their government pensions next month. The federal government announced yesterday that Old Age Security benefits will rise 0.6% on April 1, bringing the basic OAS monthly pension to $456.08. Human Resources Development Canada adjusts OAS rates for inflation every three months. The change is […]
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