Broker

Virtual Brokers adopts Wealthscope tool

Virtual Brokers adopts Wealthscope tool

The partnership allows clients to aggregate their assets from other financial institutions

By Staff |January 28, 2019

1 min read

U.S. brokers in spotlight for narrow application of best interest rule

U.S. brokers in spotlight for narrow application of best interest rule

Proposed rule applies only when a broker makes a recommendation

By Staff |November 13, 2018

1 min read

Decorative pattern

Discount broker tools in ‘best interest’ of clients: Questrade

Is IIROC interpreting "recommendation" too broadly?

By Simon Doyle |April 28, 2017

3 min read

Decorative pattern

New national database for disciplined mortgage brokers

If your client is looking for a mortgage broker, make sure her first stop is the new national database of disciplined mortgage brokers. Read: What should your clients do with their ‘mortgage gap’ money? The database was developed by the Mortgage Broker Regulators’ Council of Canada (MBRCC), and integrates disciplinary records from most provincial regulators, […]

By Staff |April 3, 2017

2 min read

Decorative pattern

Tired of providing equities advice? Give us your business, startup says

The abundance of investment advice online has been a steady force behind client migration toward self-directed investing. Now an Australian financial data startup, Simply Wall St, is taking a run at the Canadian market, hoping investors will pay annual subscription fees for access to market data, infographics and equities analysis. Simply Wall St launched in […]

By Simon Doyle |February 23, 2017

3 min read

Decorative pattern

Examining IIROC’s guidance on order execution discount brokers

When is a tool not just a tool? When it’s a recommendation. In November, IIROC published proposed guidance for order-execution only (OEO) services, or online discount brokers that take advantage of the OEO suitability exemption. What’s the exemption? When one of these services accepts an order without providing a recommendation to the client, the broker […]

December 9, 2016

4 min read

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RBC advisor hid accounts at other firms: IIROC

Toronto RBC Dominion Securities advisor Roland Papp maintained multiple brokerage accounts outside of his firm without its knowledge, and that he made untrue and misleading statements in an attempt to conceal his misconduct.

By Staff |October 28, 2016

1 min read

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Proxy voting protocols generate comments for automation

01 Proxy voting commentary Comments were received over the summer on CSA Multilateral Staff Notice 54-304, the final report on the review of proxy voting and request for comments. The notice proposes protocols for counting shareholder proxy votes. Proxy voting is “an important and fundamental right,” says Gordon Raman, a partner at Borden Ladner Gervais […]

October 28, 2016

4 min read

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What’s in store for independent advisors?

It’s the dream that dare not speak its name: calling it quits at the big firm and heading out on your own. According to an article in Bloomberg, it’s a dream that’s becoming reality for more and more U.S. advisors. The article reports independent registered investment advisors have more than doubled their AUM — to […]

By Staff |October 17, 2016

2 min read

Decorative pattern

TD sells European Direct Investing business

The new company will have 300,000 clients with more than £18 billion (CA$29.14 billion) in assets under administration.

By Staff |October 12, 2016

1 min read

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