Industry News

Investors should not pay for Portus probe, says IFB

(April 18, 2005) The Independent Financial Brokers of Canada (IFB) is calling on the Ontario Securities Commission (OSC) to take full responsibility for the cost of the Portus investigation. The move comes after receiver KPMG asked for court permission to transfer an initial sum of $11 million from a Portus bank account to pay the […]

By Doug Watt |April 18, 2005

2 min read

Small business owners need better advice, expert says

Small business owners are often considered the backbone of the local economy. Taking enterprise value into account, it is no surprise that their net worth tends to be among the highest in their community, making them prime targets for prospecting advisors. Yet despite their preferred client status, many are not getting the tax and estate […]

By Steven Lamb |April 15, 2005

5 min read

Fund sales topped $3 billion in March

(April 15, 2005) The mutual fund industry attracted net new sales of $3.4 billion in March. That’s nearly $2 billion less than February, when sales hit $5.3 billion, a five-year high. Net sales for the first three months of the year totalled $9.4 billion as RSP season wound down, said IFIC president Tom Hockin, down […]

By Doug Watt |April 15, 2005

2 min read

Succession planning examined in April’s Advisor’s Edge

(April 14, 2005) It’s pretty hard to take someone’s advice when they don’t follow it themselves. Have you ever had a doctor tell you to lose weight, when they were, shall we say, a little on the stout side? One of the prime clients advisors seek is the small business owner, who invariably needs help […]

By Steven Lamb |April 14, 2005

2 min read