Industry News

New financial reporting requirements need tweaking, experts say

(June 3, 2005) The Canadian response to Sarbanes-Oxley, which includes a number of changes in financial reporting requirements, is well-meaning, but needs fine tuning, industry leaders say. In February, the Canadian Securities Administrators introduced proposed amendments that would bring Canada in line with Sarbanes-Oxley, such as a requirement that CEOs and CFOs certify a public […]

By Staff |June 3, 2005

3 min read

Fundcos delivering high level service to advisors, study reveals

(June 3, 2005) An ongoing study indicates that mutual fund companies are doing a good job serving advisors through their customer service representatives (CSRs). “You’re dealing with an industry that is obsessed with delivering client satisfaction,” says Hugh Murphy, vice-president of financial services at Environics Research Group, which runs the Call Audit study. “The financial […]

By Doug Watt |June 3, 2005

3 min read

Tech funds topped the charts in May

(June 2, 2005) Investors in tech-based mutual funds finally caught a break in May, as the Morningstar Canada Science & Technology Fund Index posted the best returns for the month, rising 6.7%. That gain leaves the index in negative territory for the year, though, with a decline of 0.2%. Morningstar Canada analyst Mark Chow chalks […]

By Steven Lamb |June 2, 2005

3 min read

Salaries rising for investment professionals, survey says

(June 2, 2005) Senior executives in the Canadian investment industry are expected to earn median compensation of $125,000 this year, up 9% from two years ago, according to a survey released today by the CFA Institute and Russell Reynolds Associates. The survey examines the compensation of portfolio managers, securities analysts, pension officers and other senior-level […]

By Doug Watt |June 2, 2005

2 min read