Industry News

Clients still astounded by the TFSA

For advisors, the introduction of the tax free savings account in January has been a nice little sweetener to a pretty sour year for getting new money. The novelty of the TFSA is far from worn out, a new survey by RBC suggest clients still don’t understand what they are or how to use them […]

By Mark Noble |October 27, 2009

4 min read

Briefly:

Gaelen Morphet, is departing as lead manager at CIBC Asset Management, to become the Empire Life’s new chief investment officer. Morphet is bringing two CIBC analysts her to Empire Life. Lieh Wang will become a Senior Portfolio Manager, and Nessim Mansoor, will become a portfolio manager. “We are extremely pleased to announce these appointments,” says […]

By Staff |October 27, 2009

3 min read

Blackmont sale changes landscape

Advisors in the full-service brokerage are likely taking notice of the announcement of the sale of Blackmont Capital to Australian-based wealth giant Macquarie Group. It was reported early Monday, Blackmont, which is an independent full-service brokerage firm with more than 130 investment advisors across Canada, will be purchased for $CAN93.3 million. The firm will now […]

By Mark Noble |October 26, 2009

4 min read

Briefly:

Avery Shenfeld, chief economist at CIBC, says self-congratulatory accolades about Canada’s comparative economic performance need to be put in context. “Of late, our self-congratulations have extended to economic performance, with Canadians cheering our lower unemployment, sounder banking system, solid mortgage market and climbing house prices. Clearly, the recession hit less hard on this side of […]

By Staff |October 23, 2009

4 min read