Industry News

Canadian to chair international Financial Planning Standards Board

(January 23, 2003) Canada’s John Carpenter will chair the new international body responsible for overseeing the certified financial planner program. Carpenter, executive director of the Certified General Accountants Association of Alberta, was given the post at the inaugural board of directors meeting of the Financial Planning Standards Board earlier this month in Denver. “I am […]

By Doug Watt |January 23, 2003

1 min read

Industry

Banks generate most complaints to new federal consumer agency

(January 23, 2003) The Financial Consumer Agency of Canada received more than 5,000 complaints in its first year of operation, mostly concerning the big banks. Only 300 of those complaints involve a breach of consumer protection legislation, says commissioner Bill Knight. “We’re like a regulator panning for gold,” Knight said today during a presentation at […]

By Doug Watt |January 23, 2003

2 min read

Industry

Course targets advisors who want to sell hedge funds

Sizing up the alternatives Investing in a low-return world Demystifying hedge fund risk: How advisors build portfolios Hedge funds revealed: Canadians prepare to embrace absolute return strategies (January 23, 2003) Faced with disappointing returns over the past three years and the prospect of sideways equity markets, investment advisors are increasingly reaching out for alternative investment […]

By Scot Blythe |January 23, 2003

3 min read

Industry

Markets to blame? Investor complaints on the rise, CSA says

(January 22, 2003) Investor complaints to securities regulators have increased over the past couple of years, likely the result of a lengthy bear market, says Doug Hyndman, chair of the Canadian Securities Administrators. For the second straight year, concerns about financial advisors, including the suitability of investments, topped the CSA’s annual list of complaints. “Advisors […]

By Doug Watt |January 22, 2003

2 min read