Industry

Briefly:

Foreign investors are turning their backs on Canadian securities. According to Statistics Canada, purchases dropped to $351 million from the $61.9 billion they invested over the first six months of the year while purchases of bank and financial shares remained healthy to the tune of $3.57 billion in bonds and $612 million in stocks. On […]

By Staff |September 21, 2009

2 min read

Canavan retires from Assante

CI Financial has announced the retirement of Joe Canavan from the role of CEO of Assante Wealth Management (Canada) Ltd., effective Nov. 11. Canavan, a 25-year wealth management veteran, has been CEO of Assante since November 2003, when the firm was acquired by CI Financial. He was the founder of Synergy Asset Management, which was […]

By Staff |September 18, 2009

3 min read

Briefly:

The signs don’t lie. An economic recovery is underway, but we aren’t out of the woods yet, say economists at Desjardins Group. With confidence returning to consumers and entrepreneurs, the upturn in the stock markets and the overall easing of worldwide financial tensions, there is no doubt that the global economic climate is improving. Desjardins […]

By Staff |September 18, 2009

3 min read

Reforms mean closer scrutiny of referrals

One of the most significant changes that registration reform will bring for advisors concerns the use of referral fees. Advisors registered with the securities commissions will need to disclose all referral fee arrangements to clients. At the Strategy Institute’s Registration Reform conference in Toronto, Marsha Gerhart, a lawyer with Borden Ladner Gervais LLP and Carold […]

By Mark Noble |September 18, 2009

4 min read