Industry News

Canada takes leading role in CFA mark

Canada is a strong testament to the power of a designation, says the president of the CFA Institute, the organization that administers the global Chartered Financial Analyst (CFA) designations, where a growing number of client-facing advisors are opting for the designation and the Canadian societies are taking a direct advocacy role in this country’s capital […]

By Mark Noble |October 21, 2009

4 min read

Invesco buys Morgan Stanley unit

Invesco Ltd., the parent company of Canadian-based Invesco Trimark, signed a huge deal yesterday to acquire Morgan Stanley’s retail asset management business, including Van Kampen Investments. Through this transaction, Invesco acquires a diversified business with $119 billion in assets under management (AUM). The transaction is valued at $1.5 billion, including cash and stock that provides […]

By Mark Noble |October 20, 2009

2 min read

Surviving a dealer buyout

Independent investment dealers are increasingly becoming the target of buyouts. If an affiliated advisor is not prepared, a buyout can leave them in the lurch with increased personal costs and strained client relationships. Unresolved questions overhanging the recovery typically focus on the investment landscape, potential yields on various assets, length and breadth of the recovery […]

By Al Emid |October 20, 2009

4 min read

Sun Life creates advisor match service

It may not be as scintillating as online dating services, but Sun Life has entered the matchmaking business creating Advisor Match, a website that matches up clients with advisors based on compatibility. “Through focus groups, consumers told us that the recent recession has changed what they’re looking for from companies they deal with for financial […]

By Mark Noble |October 20, 2009

3 min read