Industry News

IFIC conference update: Concerns raised over fund review committees

(September 29, 2005) Do we really want to turn into Americans? That’s the question Canadian fund companies and regulators should be asking themselves when considering the Canadians Securities Administrators’ proposal to create Independent Review Committees (IRCs) to oversee conflicts of interest and other issues at mutual funds, says Larry Schwartz, director of LECG Canada’s Toronto […]

By Philip Porado |September 29, 2005

3 min read

Specialization key to HNW clientele

(September 26, 2005) Advisors seeking to attract and hold onto millionaire clients should focus their practice and specialize in their core area of expertise, according to the 2005 Taddingstone Canadian Millionaire Report. “The days of the ambitious generalist with minimum qualifications are all but over,” says Keith Sjogren, leader of the wealth management practice at […]

By Steven Lamb |September 26, 2005

2 min read

Morningstar reveals where the pros invest

(September 22, 2005) Clients expecting to reap a windfall from the energy sector’s massive run up may be in for a shock, as most mutual fund managers remained underweight in the sector in the first half of the year. According to Morningstar Canada’s first ever “Tracking The Pros” survey, equity fund managers apparently distrusted the […]

By Steven Lamb |September 22, 2005

2 min read

Dodge calls for harmonized securities laws

(September 22, 2005) Bank of Canada governor David Dodge says there is no need for different rules to be applied province-by-province, repeating that the country needs some sort of harmonized securities regulatory system. “Efficiency dictates that Canada should have uniform securities laws and regulations based on principles that apply to everyone,” Dodge said in a […]

By Doug Watt |September 22, 2005

3 min read