Industry News

The future of the trust structure

Federal Finance Minister Jim Flaherty’s surprise decision that he plans to tax income trusts may have been a nasty trick on All Hallow’s Eve, but tax experts say the writing was on the wall. If tax leakage was ever an issue for the federal government than Telus’s decision to convert to a trust certainly sent […]

By Mark Brown |November 1, 2006

4 min read

Briefly:

(October 31, 2006) The New Brunswick Securities Commission has issued a temporary cease-trade order against three firms and three individuals after an investigation revealed they were trading in securities without being registered. The companies involved are Jabez Financial Services, based in Panama, JFS Credit Union, which purports to be headquartered in Sweden, and JFS-INC.NET, the […]

By Staff |October 31, 2006

3 min read

Partners In Planning in play

Is Partners In Planning about to be bought out? That rumour began circulating this week, naming Calgary-based Walton International Group as a potential buyer for the Saskatchewan-based mutual fund dealer. “Nobody is supposed to know about this, but it’s the worst-kept secret this year,” said one anonymous industry insider. “It’s my understanding that there are […]

By Steven Lamb |October 31, 2006

2 min read

Retirees consolidating assets with a single advisor

Financial service institutions and advisors are sitting on a multi-trillion dollar opportunity to gain assets and grow their business, according to a recent study on the financial services industry by the TowerGroup. By providing efficient and effective retirement income planning services for the growing percentage of the population in or near retirement, the research firm […]

By Mark Brown |October 30, 2006

3 min read