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IG settles with MFDA over suitability of DSC sales to elderly clients

The hearing involved two clients over age 90 sold DSC funds with seven-year redemption schedules

HSBC, Capital Group make fund changes

Changes include fee reductions and tiers

  • By: Staff
  • May 17, 2019 May 17, 2019
  • 11:14
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IIROC delays debt trade reporting change to 2020

The reduced reporting deadline for debt transactions won't take effect until April

  • By: Staff
  • May 17, 2019 May 17, 2019
  • 10:22
Toronto skyline in financial district

ScotiaMcLeod head departs

Rob Djurfeldt is no longer with the firm


IIROC shows new investigative authority in 2018 enforcement report

Suitability issues remain the top complaint

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Manulife partners with BEworks to train advisors in behavioural economics

Advisors can fall prey to the same biases as clients

OSC drops late filing fees for outside business activities

The change will result in more than $700K of savings for registrants

  • By: Staff
  • May 15, 2019 May 15, 2019
  • 14:51
Business people working in a conference room

Corporate ESG performance improves, but violations increase

Banks, for example, have the most governance-related 'controversies,' a report says

  • By: Staff
  • May 15, 2019 May 15, 2019
  • 13:16
Communication network concept. Multiple exposure.

Nest Wealth acquires maker of financial planning software

Acquisition of Razor Logic Systems will bolster services offered to advisors

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Fiera to acquire Foresters’ asset management business

The purchase lifts the firm's liability-driven investment AUM to more than $25 billion

Eggs on nest

CPPIB outperforms in fiscal 2019

The pension fund beat its benchmark with a net return of 8.9%

  • By: Staff
  • May 15, 2019 May 15, 2019
  • 11:25
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Desjardins Q1 profit down due to insurance claims

The wealth management and life insurance segments also saw smaller gains

  • By: Staff
  • May 14, 2019 May 14, 2019
  • 16:30
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Power Corp. shareholders reject say-on-pay proposal

The vote was 23% in favour, 77% against a greater shareholder voice on executive compensation

IAP to examine ‘advice gap’

In its annual report, the advocacy group said client-focused reforms remain a priority

Business People Team Applauding Achievement Concept

Canadian VC sector lacking women in senior roles: report

Female representation declines with seniority

  • By: Staff
  • May 14, 2019 May 14, 2019
  • 11:16

CIBC AM makes portfolio management changes

CIBC Private Wealth Advisors will assume advisor responsibilities for three funds

  • By: Staff
  • May 13, 2019 May 13, 2019
  • 17:07

Updated: OSC approves $1-million settlement with blockchain investment firm

Alex Tapscott also settled with the SEC, paying a $25,000 civil penalty

  • By: Staff
  • May 13, 2019 May 14, 2019
  • 15:34
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Mark Evans appointed director of CPPIB

The technology investor will serve a three-year term

  • By: Staff
  • May 13, 2019 May 13, 2019
  • 14:40
Portrait of a male student reading book in classroom

University costs delay parents’ retirement: survey

Looking ahead, parents expect the negative impact to increase

  • By: Staff
  • May 13, 2019 May 13, 2019
  • 14:25
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Clients don’t understand retirement income sources

As a result, clients are challenged to make savings decisions

  • By: Staff
  • May 13, 2019 May 13, 2019
  • 12:45
Financial graphs analysis

Power Financial Q1 profit slips to $546M

Bigger contribution from IGM offset by lower earnings from life insurance companies


Room for corporate sector to join Canada’s thriving green bond market

Canadian green bonds are attractive to investors because they often trade at a premium to standard bonds on the secondary market

  • By: Staff
  • May 13, 2019 May 13, 2019
  • 11:45
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Goodwood appoints portfolio manager

Gajan Kulasingam was formerly lead portfolio manager of Sentry Global Infrastructure Fund

  • By: Staff
  • May 13, 2019 May 13, 2019
  • 11:40
Business man looking at big bright opened door concept

Invesco Canada makes changes to executive lineup

Christopher Doll, vice-president of ETF sales and strategy, is no longer with the firm

  • By: Staff
  • May 13, 2019 May 13, 2019
  • 10:45

Canadians prefer advisors for retirement planning: survey

Financial advisors more popular with some generations than others

  • By: Staff
  • May 13, 2019 May 13, 2019
  • 10:35