Industry

IIROC rep fined $100,000, suspended one month

On February 21, 2017, an IIROC hearing panel fined and suspended registered rep Richard Poirier. Poirier admitted facilitating a client’s investment in a private placement and accepting remuneration or a gratuity, benefit or other consideration from a person other than the dealer member with whom he was employed. Specifically, Poirier admitted to the following: The […]

By Staff |March 29, 2017

1 min read

How banking profits will exceed $80 million in 2017

Interest income accounts for more than 40% of the banking industry’s revenues, which means banks were forced to look for alternative income streams in recent years. Key streams include banking fees, as well as insurance and investment management services, reveals an outlook report on the banking industry by the Conference Board of Canada. Read: Investor […]

By Staff |March 29, 2017

2 min read

Real RBC advisors are the new robo-advisors

RBC advisors have a new tool to serve clients online, effectively blurring the line between human advisor and robo-advisor. Read: Do human advisor fees offer more value than robo-advisor fees? The bank is using live video to connect clients with advisors in real time, using an online advice platform called MyAdvisor. The platform allows both […]

By Staff |March 29, 2017

1 min read

Advisor’s Edge wins CFA Society Toronto awards

Advisor’s Edge has been named Publication of the Year by CFA Society Toronto. In an award ceremony Tuesday, the Advisor team was also lauded for its investigation, “How banned IIROC and MFDA advisors can still sell insurance.” That article won CFA Society Toronto’s Spirit of the Future of Finance award, which is meant to support […]

By Staff |March 29, 2017

1 min read