Industry

Briefly:

Bay Street guru Richard John “Jack” Lawrence and his companion, Carol Richardson, died in a plane crash while leaving the family cottage on Lake Muskoka yesterday afternoon. Authorities continue to investigate the details surrounding the accident. Lawrence was most recently the chair and CEO of Lawrence & Company Inc., a company he founded in 1996, […]

By Staff |August 4, 2009

3 min read

Infrastructure money flows too slowly: Survey

Despite an increase in funding options available, infrastructure projects and investments remain burdened by cumbersome decision-making according to a KPMG International survey. KPMG’s global survey of more than 455 infrastructure executives globally — including 129 from North America — conducted in co-operation with the Economist Intelligence Unit, found growing concern about the future of infrastructure […]

By Mark Noble |August 4, 2009

3 min read

Advisors want to ditch paper applications

Much has been made of the trend toward replacing mutual funds with segregated funds, and the shift away from the MFDA platform, in advance of the registration reform. According to Paul Brown, president and CEO of Worldsource Insurance Network, in the last 15 to 20 years, a lot of insurance advisors became “hobby advisors” on […]

By Steven Lamb |August 1, 2009

4 min read

Opinion: IIROC brochure misses the fiduciary angle

Our advisors are better. That’s the basic message contained in a consumer-directed brochure issued this week by the Investments Industry Regulatory Organization of Canada (IIROC). In light of recent events, the pamphlet, “Why IIROC Matters to you, the Investor,” is an appropriate reminder of why clients should keep tabs on how their advisors are licensed. […]

By Philip Porado |July 31, 2009

2 min read