Industry News

Insurance prohibitions against banks called

Give banks permission to provide insurance product information in branch. Allow banks to solicit client permission to have tailored insurance product information sent to them. Allow banks to provide referrals to qualified insurance professionals outside of the branch. Allow banks to forward relevant client information to insurance affiliates, with the client’s permission, to make it […]

By Kate McCaffery |May 9, 2006

3 min read

Clients need hedging, hedging needs diligence

How is compensation handled? What conflicts exist in compensation and how are conflicts addressed? If you are relying on third party analysis, what are their qualifications? What training will the sales force need? What is the complexity of the product? Will it impair the transparency or affect suitability? Filed by Steven Lamb, Advisor.ca, steven.lamb@advisor.rogers.com (05/09/06) […]

By Steven Lamb |May 9, 2006

4 min read

Deal breaker

(May 2006) When I meet advisors for the first time, I’ll often ask them why they became advisors. The most engaging ones tend to see advising as a calling, helping others achieve a financial well-being (or some variation on that theme). So when the conversation turns to their dealer, advisors fall into one of two […]

By Deanne Gage |May 8, 2006

3 min read

Briefly:

(May 8, 2006) The IDA has slapped a total of $63,000 in penalties, fee disgorgements and costs against on Larry Tobin for conducting business as a portfolio manager without being registered and engaging in discretionary trading. Tobin also admitted to trying to correct a trading error without reporting it, and failure to use due diligence […]

By Staff |May 8, 2006

4 min read