Industry News

Briefly:

In light of the “advisor” Earl Jones scandal, Advocis offers some tips for spotting an investment scam. “The first and most important warning sign is the advisor offers you some unrealistic and/or consistent returns on the investment,” says Greg Pollock, Advocis’ president and CEO. “Such promises are fundamentally contrary to the very nature of a […]

By Staff |July 16, 2009

1 min read

Suitability: Time for a refresher?

While more stringent regulations likely would not have prevented Earl Jones from robbing hapless widows and trusting seniors — since he wasn’t actually registered to sell investments in the first place — this most recent financial scandal has nonetheless reignited the compliance debate. But, no matter what the source, when it comes to client complaints, […]

By Stephanie A. McManus |July 16, 2009

5 min read

Study finds explosive growth for discount brokerages

After years of flat growth, do-it-yourself investing is once again on the rise. A growing number of Canadians — ill-served by market conditions — think they can do it better themselves and are signing up for discount brokerage accounts, according to J.D. Power and Associates. The company’s 2009 Canadian Discount Brokerage Investor Satisfaction Study finds […]

By Mark Noble |July 16, 2009

5 min read

Many gaps remain in Canadian estate plans

Canada’s boomers are well aware of what the recent market meltdown has done to their investment accounts, but they seem to think their expected inheritances from their parents will be largely unscathed. A survey conducted for BMO Retirement Institute found that almost 30% of boomers are expecting to receive an inheritance, and 70% of those […]

By Steven Lamb |July 15, 2009

2 min read