Industry News

Advisors look to technology for compliance solutions

Because fund dealers are constantly concerned about the possibility of an MFDA audit, compliance is consistently on the tops of their minds — and on their advisors’ minds. But compliance can be an expensive proposition, and as such, firms are increasingly looking at new technologies for cost-savings. Getting the technology right can be costly, with […]

By Al Emid |July 26, 2006

3 min read

Briefly:

(July 25, 2006) Steve Geist, former president of TD Mutual Funds, takes over as president of CIBC Asset Management, effective July 26. In addition to his experience at TD, Geist has also held senior roles at Fidelity Investments Canada and PriceWaterhouse. Now, Geist will be responsible for the company’s overall retail mutual fund and managed […]

By Staff |July 25, 2006

3 min read

Advisor friendly ETFs

Many advisors who work on commission likely haven’t thought of rolling exchange-traded funds into their clients’ portfolios. After all, why sell a product you don’t get paid for? But these structures are changing. As proof, look no further than Claymore Investments, set to introduce advisor-friendly ETFs. In August, seven new Claymore-run ETFs will start trading […]

By Mark Brown |July 25, 2006

4 min read

Desperately seeking members

As Advocis celebrates its 100th anniversary this year, one issue foreshadows a dark period for the industry’s largest advisor association. Membership is sinking. In 2004, Advocis had nearly 16,000 members. Today, that number has plummeted to about 12,000. Those numbers must be leaving Advocis wondering how on earth to attract new members. After all, their […]

By Deanne Gage |July 24, 2006

3 min read