Industry

Fustey rebrands Elysium, aims for expansion

When Alan Fustey headed up a team to buy Elysium Wealth Management Inc. last month, he didn’t want there to be any confusion about its operations so the first order of business was changing the name. Gone was the Winnipeg-based portfolio management firm’s moniker of 20 years, replaced by Index Wealth Management Inc. “It brands […]

By Renée Alexander |July 19, 2010

3 min read

Giving takes a backseat in recession

He who wishes to secure the good of others has already secured his own, the saying goes. By that token, North Americans may not be feeling particularly secure. Allocations to philanthropic activities by high-net worth individuals’ (HNWI) increased in all regions except North America in 2009, according to the latest Capgemini/Merrill Lynch World Wealth Report […]

By Vikram Barhat |July 16, 2010

4 min read

Briefly:

Financial planners in Hungary, Russia and, soon, Bulgaria, are now able to use Canadian-made planning software from PlanPlus. The expansion into Eastern Europe comes on the heels of tighter compliance standards in the region. “We were able to translate the software and work with PlanPlus to ensure the asset allocation, taxes and other rules for […]

By Staff |July 16, 2010

3 min read

CIFSC announces fund category changes

Modifications are coming to the fund category schema courtesy of the Canadian Investment Funds Standards Committee (CIFSC). The first major change is that the International Equity fund category definition is shifting and will require funds to invest at least 90% of their equity assets in countries other than Canada and the United States. That’s down […]

By John Powell |July 15, 2010

2 min read