Financial planning

Decorative pattern

IIROC sets penalty against Magna Partners

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has ordered Magna Partners Ltd. to pay a $100,000 fine and $10,000 in costs. The penalty follows an agreed statement of facts and violations in which Magna Partners admitted to two violations of best price obligation rules. The panel’s Decision and Reasons on […]

By Staff |November 16, 2010

1 min read

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Briefly: “Hedge funds back in the black” and more news

The hedge fund industry has finally recouped the assets it lost during the height of the credit crunch and is back to 2008 levels, according to new data from Eurekahedge. Industry assets stand at US$1.63 trillion after the value of its investments rose by $18 billion (2.27%) and investors injected a net $10.2 billion in […]

By Staff |November 16, 2010

1 min read

Decorative pattern

Mutual fund sales soared in October

Mutual funds rode a wave of investor optimism in October, racking up nearly $1.46 billion total net sales, according to data from the Investment Funds Institute of Canada. That’s a massive increase from September’s $252.2 million, and October 2009’s $82.6 million. Industry assets under management climbed $11.3 billion to $615.9 billion, a gain of 1.9% […]

By Steven Lamb |November 15, 2010

2 min read

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Briefly: “Richardson GMP hires L’Esperance” and more news

Richardson GMP has appointed André L’Espérance as director, wealth and estate planning. Based in Montreal, he will expand the firm’s insurance capabilities. “The addition of André to our in-house wealth and estate planning team signals our commitment to provide our investment advisors with the best-in-class solutions and to maintain our leadership position in serving the […]

By Staff |November 15, 2010

2 min read

Decorative pattern

Currency volatility and your clients

There has been a good deal of volatility in international currency markets this fall and some discussion in the press about the possibility of an international currency war. Changing international currency values won’t affect all of your clients equally, but there is a very good possibility that they will have some effect on nearly all […]

By Peter Drake |November 12, 2010

6 min read

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Briefly: “Counsel offers new income portfolio” and more news

Counsel Portfolio Services has launched Counsel Managed Yield Portfolio, a tactically managed, diversified income product designed to provide investors with potentially higher yields than they might expect from traditional income investments. “With a broader range of income solutions, we are giving advisors even more flexibility to manage the income needs of their clients,” said Sam […]

By Staff |November 12, 2010

4 min read

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Briefly: “IIROC disciplines software provider” and more news

A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Dale Richard Wells engaged in business conduct unbecoming or detrimental to the public interest when he acted in the role of an advisor without being registered as one. The panel’s full Reasons for Decision are available on the IIROC website. […]

By Staff |November 11, 2010

4 min read

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Economic Indicators

QE2 likely won’t help U.S. economy

While the stock markets have (eventually) responded enthusiastically to the Federal Reserve’s second round of quantitative easing, economists question whether the program will have the desired effect of re-inflating the U.S. economy. At best, the Fed appears to have simply ensured interest rates will remain at rock-bottom levels at least until June. That would be […]

By Steven Lamb |November 4, 2010

2 min read

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CSA seeks comment on OTC derivatives regulation

The Canadian Securities Administrators (CSA) is seeking input from the financial industry and the public on proposed changes to the regulation of over-the-counter (OTC) derivatives. The proposals were today released in CSA Consultation Paper 91-401 – Over-the-Counter Derivatives Regulation in Canada. The proposals come in response to commitments made by the G20 to develop more […]

By Staff |November 2, 2010

2 min read

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Planning and Advice

Information overload

Virtually every day some new investment product, economic issue or financial woe makes the lineup on the evening news, the front page of the paper or the latest issue of a trusted magazine. The result: Clients are literally bombarded with information — creating, for many, a state of fear and confusion.

By Nancy Turner |November 1, 2010

3 min read

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