Industry News

Requests for rule advice should follow command chain

Relationships between advisory firms and their regulators are built at the staff level, but it’s important the right staff do the communicating. Ken Woodard, director of communication and membership services at the MFDA, said he encourages firms to pick up the phone and ask for further information, or clarification, about rules, and insists that if […]

By Philip Porado |September 26, 2006

2 min read

Briefly:

(September 25, 2006) Bank of Montreal and Generation Capital recently launched the BMO Generation Capital Integrated Energy Deposit Note, Series 1, for sale until November 10. The notes offer exposure to energy securities with 100% principal protection from the Bank of Montreal. Variable returns, if any, are linked to the performance of a basket of […]

By Staff |September 25, 2006

3 min read

Dealers struggle with deluge of new notes

The proliferation of principal-protected notes coming to market is posing a challenge for the country’s mutual fund dealers. Advisors are asking for them, but firms are forced to go through a stringent due diligence process before they can add the notes to an already-crowded product shelf. Peter Loach, managing director of mutual fund research at […]

By Doug Watt |September 25, 2006

2 min read

Dundee introduces advisor-friendly bank

Many advisors seem to have a love-hate relationship with banks. While they have been willing to invest their clients’ capital in bank-sponsored funds and deposit-notes, they also recognize the banks as competitors for clients. But there’s a new bank in town — one with the stated mission of becoming the “partner-of-choice” for financial advisors. Dundee […]

By Steven Lamb |September 25, 2006

3 min read