Industry News

RBC buys 10% of O’Shaughnessy firm

RBC has strengthened its bond with one of its star mutual fund managers, buying a 10% stake in O’Shaughnessy Asset Management (OSAM). The bank has also acquired a brokerage in the U.S. mid-Atlantic market. OSAM is run by Jim O’Shaughnessy, who left Bear Stearns in 2007 to start his eponymous company. He manages roughly $5.5 […]

By Steven Lamb |June 23, 2008

2 min read

Briefly:

(June 23, 2008) JovFunds Management will hold a special meeting for unitholders of its Jov BetaPro Short-Term Income Fund, to consider amendments to the investment objectives of the fund. If approved, the fund will be renamed the Jov Bond Fund, and the portfolio will be restructured to include longer-term bonds. It will continue to be […]

By Staff |June 23, 2008

1 min read

BCE deal seen closing in Q3

Clients still holding BCE stock will be happy with Friday’s news, after the Supreme Court of Canada sided with shareholders in the proposed takeover of the telephone operator. The consortium led by the Ontario Teachers’ Pension Plan now expects to complete the privatization of BCE Inc. sometime in the third quarter of this year. It […]

By Craig Sebastiano |June 23, 2008

2 min read

MDRT: New retirement requires new skills from advisors

Advisors, agents and planners need to reinvent their role if they want to be successful and meet the needs of their retiring clients, according to a leading demographic psychologist and business guru. On the first full day of the 2008 Million Dollar Round Table in Toronto, Dr. Ken Dychtwald prompted almost 8,000 attendees to examine […]

By Romana King |June 23, 2008

4 min read