Industry News

Advisors need to be emotional shock absorbers

Contrary to popular belief, making money is not the goal of investment. Money is a currency that buys emotional gifts. These gifts could be safety, security, freedom or self esteem; unique reasons why people invest money. It is imperative, therefore, that financial advisors address and mitigate clients’ behavioral biases, says Frank Murtha, managing director, Market […]

By Vikram Barhat |April 14, 2011

3 min read

Matrix proposes fund mergers

Matrix Funds Management has announced plans to terminate three of its funds, merging their assets into similar mandates. Under the proposals, the following mergers would take place: The proposed mergers are subject to the receipt of all necessary unitholder and regulatory approvals as well as the approval of the Independent Review Committee. Details of the […]

By Staff |April 14, 2011

1 min read

MFDA issues reasons in Bytnar case

A hearing panel of the Prairie Regional Council of the MFDA has issued its reasons for decision in connection with the disciplinary hearing held in Calgary, Alberta on February 9 and 10, 2011 in the matter of Tadeusz (“Ted”) Bytnar. A copy of the hearing panel’s Reasons for Decision is available here, and on the […]

By Staff |April 14, 2011

1 min read

Tactico launches Tactex Asset Management

Tactico Inc. has announced the acquisition of Canadian portfolio management firm, Westmount Markets Inc., which will be rebranded as Tactex Asset Management. The new company will provide portfolio management services to both retail and institutional investors. Liam Cheung, managing director of Tactico, will assume the role of Tactex CEO. Tactico vice-president Brendan Magill will serve […]

By Staff |April 13, 2011

1 min read