Industry

Defining fiduciary duty

A recent meeting of industry minds at York University explored the idea of imposing a fiduciary duty upon financial advisors. Noting many other professions, including doctors and lawyers, require that standard, the gathering was meant to get the attention of regulators and lead to creation of commensurate rules. According to one advisor in attendance, the […]

By Philip Porado |May 17, 2010

3 min read

Briefly:

RBC Dexia Investor Services received top scores across multiple categories in the Global Investor 2010 Global Custody Survey, based on feedback from institutional investors on the quality of service they receive from their global custodians. The firm grabbed the top spot in seven categories of the survey, which polled more than 1,000 global custody clients, […]

By Staff |May 14, 2010

1 min read

Making the Switch to IIROC

When Matthew Paradis wanted to expand his business last year, there was only one option he and his partner considered – join an IIROC dealer and leave their MFDA days behind. The Orleans, Ont.-based advisor, who’s been working with mutual funds for six years, said the decision to switch self-regulatory organizations was an easy one. […]

By Bryan Borzykowski |May 14, 2010

8 min read

Creating a circle of trust

Testamentary trusts can be a useful tool in creating an estate plan, and ensuring that spouses who remarry, children from previous marriages and disabled children are all looked after. They are established through a will and become effective upon death. A trust requires three people: The settlor is the creator of the trust, who transfers […]

By Akua Carmichael |May 14, 2010

5 min read