News and resources for Canada's top financial advisors
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(August 5, 2005) Vancouver-based investment dealer Canaccord Capital has announced its best-ever quarter, earning $11 million on revenues of $99 million. Profits were up 32% and revenues rose 23% compared to the same three-month period last year. “We continued to successfully execute on our long-term growth strategy this quarter, demonstrating strategic focus and entrepreneurial spirit,” […]
By Staff |August 2, 2005
7 min read
(July 6, 2005) Canada’s investment fund market is still largely concentrated in Ontario, but other regions, most notably Quebec and Western Canada, are gaining ground, according to Investor Economics. The research firm gathered data on the country’s investment fund assets as of March 2005. Ontario has 48% of the market, a 2.5 percentage point drop […]
By Doug Watt |July 6, 2005
2 min read
(July 8, 2005) The Canadian Securities Administrators has published a new rule intended to harmonize and consolidate prospectus and registration exemptions across Canada. The change will result in more efficient access to capital markets, the regulator says. Provided all necessary approvals are obtained, National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106) will come into […]
By Staff |July 4, 2005
8 min read
(June 17, 2005) The British Columbia Securities Commission has ruled that an English stock promoter violated provincial securities laws by trading on inside information and manipulating the market. Fatir Hussain Siddiqi of London traded in shares of AIS Resources while he had inside information about AIS and manipulated the market in the company’s stock, the […]
By Staff |June 13, 2005
12 min read
(April 21, 2005) Referring clients to third-party products is routine for many advisors. But the controversy surrounding Portus has cast doubt on the practice. Advisors are right to be cautious, says a lawyer who focuses on financial advice. “If there is an advisory relationship, then any steps that the advisor takes within that relationship has […]
By Doug Watt |April 21, 2005
4 min read
(April 18, 2005) ADVISOR Group is launching a new set of industry conferences, each focusing on a specific aspect of the financial services industry. Advisor Live kicks off in June with two events in Niagara-on-the-Lake, Ontario. On June 9 and 10, ADVISOR Group and NewLink Group — with the support of the Canadian Association of […]
By Staff |April 18, 2005
(March 7, 2005) A majority of Canada’s financial advisors agree they should be required to disclose all compensation arrangements to clients, according to an informal online survey conducted by the ADVISOR Group. Sixty-nine per cent of the nearly 400 advisors surveyed either somewhat agreed or strongly agreed that “advisors should be required to disclose all […]
By Doug Watt |March 7, 2005
(January 28, 2005) The Joint Forum of Financial Market Regulators released practice standards today for the sale of products and services by all financial services intermediaries. The Joint Forum was founded in 1999 by the Canadian Council of Insurance Regulators, the Canadian Association of Pension Supervisory Authorities and the Canadian Securities Administrators to coordinate the […]
By Staff |January 24, 2005
11 min read
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