Industry News

Briefly:

(February 14, 2008) Royal Bank of Canada’s American subsidiary, RBC Dain Rauscher, has struck a deal to buy Washington D.C.-based wealth management firm Ferris, Baker Watts, Inc. FBW manages about $18.5 billion in assets, with 330 advisors working out of 42 branches across 10 states. “FBW represents a strong strategic and cultural fit for the […]

By Staff |February 14, 2008

2 min read

Feds want investment dealers to pay income on exposure

A proposal to change tax laws that govern “marked to market” reporting released by the federal government could have a big impact on the way Canada’s large investment dealers do business, according to tax experts. Unlike retail investors, who don’t have to account for capital gains or losses until they’ve actually sold a security, financial […]

By Mark Noble |February 14, 2008

3 min read

Talk finances with your soon-to-be married boomers

Chocolate and flowers might be the typical Valentine’s Day presents, but why not tell your client to give the gift of a prenuptial agreement instead? Protecting your clients’ finances might not seem romantic, but with more boomers marrying later in life, smart financial planning is as important as organizing a big wedding. “It is an […]

By Bryan Borzykowski |February 14, 2008

4 min read

Briefly:

(February 13, 2008) Musicians and actors aren’t the only ones scooping up awards these days; Wellington West has also nabbed a prestigious trophy. The company revealed that it has been awarded the title of Best Managed Company by Canada’s 50 Best Managed Companies program, an award sponsored by Deloitte, CIBC Commercial Banking, National Post and […]

By Staff |February 13, 2008

2 min read