Industry News

Advisors, regulators take on youth market

The Canadian Securities Administrators recently launched a contest and a range of interactive web content designed to enhance the personal financial awareness of youth. While there is no indication that the youth of today are going to be any less prepared than their parents were in managing wealth, the financial industry and advisors alike recognize […]

By Mark Noble |April 17, 2007

3 min read

Briefly:

(April 16, 2007) RBC Asset Management has named the new fund managers who will replace John Varao and Shane Jones, who left the company suddenly last week for positions at Scotia Cassels. Their departure left a large void in the management of some of RBC’s top Canadian equity funds. All of the new managers are […]

By Staff |April 16, 2007

4 min read

Bank websites have room to improve: Forrester

Three of Canada’s seven largest banks have received failing grades for their websites, which for many consumers, have become their main point of contact with the financial institutions, according to Forrester Research. National Bank of Canada, Desjardins and the Bank of Montreal all failed to meet the minimum standards of the study, while Scotiabank eked […]

By Mark Brown |April 16, 2007

4 min read

Fund flows cap strong first quarter

Mutual fund flows slowed to a more sustainable pace in March, as net new sales totalled $4.6 billion, down from the $7.7 billion pop in February. So far this year, investors have poured $16.4 billion in new money into mutual funds, making it the best-selling first quarter since 1998, in terms of absolute dollar value. […]

By Steven Lamb |April 16, 2007

3 min read