Industry

Advocis, CSI launch new Web sites

(January 3, 2003) The arrival of 2003 means the long-awaited merger between Canada’s two main financial planning associations becomes official. Advocis, formerly CAIFA/CAFP, came into being on January 1. The new Advocis Web site was launched last month. The www.advocis.ca site, a redesigned version of the CAIFA site, includes information about the new organization as […]

By Doug Watt |January 3, 2003

2 min read

Mutual fund sales end 2002 in the red

(January 3, 2003) For the ninth straight month, mutual fund sales finished in negative territory in December. Outflows last month will likely be around $200 million, says the Investment Funds Institute of Canada in its monthly fund sales estimate. Based on preliminary data from members, redemptions could be as high as $400 million or sales […]

By Doug Watt |January 3, 2003

1 min read

PAC participants promise profits through steady contributions

(January 2, 2003) With RRSP season now nipping at the heels of investors and advisors alike, mutual fund companies may be wondering whether investors plunking down lump-sum $5,000 and $10,000 contributions will be enough to push fund sales ahead after a year of redemptions. Those companies may be overlooking a source of steady investments — […]

By Scot Blythe |January 2, 2003

3 min read

2002 in review: MFDA begins heavy lifting of compliance and enforcement

(December 31, 2002) After years of preparation, the Mutual Fund Dealers Association got down to the business of regulating dealers in 2002. This was the year the MFDA rolled up its sleeves to commence compliance operations, fielding complaints and enforcing the rules. The MFDA currently has 187 members, and is processing the applications of another […]

By Jim MacDonald |December 31, 2002

3 min read