Industry

Advisors targeted unfairly: Reynolds

Advisors do a great deal more than media gives them credit for. Regulators don’t understand the consequences of their decisions. Canadians would suffer if it wasn’t for the value of advice. These and many other views were expressed on the final day of the recently concluded 2010 Distributors’ Summit. “The value of advice is important […]

By Vikram Barhat |April 30, 2010

3 min read

Briefly: Cdns spend tax returns wisely and more news

The 2009 tax return deadline has arrived, and a new survey looks at how Canadians plan to use their tax returns this year. The survey, commissioned by BMO Nesbitt Burns and conducted by Ledger Marketing, found that: The average return last year was $1,400, according to the Canada Revenue Agency. • • • IFIC responds […]

By Staff |April 30, 2010

3 min read

It’s time to sell that small MGA

The end is nigh, at least for smaller managing general agencies, as consolidation within the insurance distribution industry appears set to ramp up. Owners might be well advised to sell now while they can, according to the president of one advisory firm. “Smaller MGAs and Associate General Agency (AGAs) are becoming endangered species,” says John […]

By Vikram Barhat |April 29, 2010

3 min read

Weinberg back on acquisition trail

After a seven-year hiatus from the acquisition trail, Marty Weinberg is back with a vengeance. The former CEO of Assante Corp. has finalized a deal to acquire Brockhouse Cooper, an investment consulting and securities trading firm based in Montreal. The company, which has operations in 50 countries and advises on more than $300 billion in […]

By Renée Alexander |April 29, 2010

3 min read