Industry News

Berkshire-TWC partnership viewed as

(September 19, 2003) A merger agreement that will see two of Canada’s independent financial planning firms join forces is being viewed as a natural fit by industry analysts and is being welcomed by advisors. Yesterday, Ontario-based Berkshire and Saskatchewan’s TWC Financial announced they were teaming up to create a firm with more than 1,000 advisors […]

By Doug Watt |September 19, 2003

3 min read

Briefly:

(September 17, 2003) Morgan Stanley has been slapped with a $2 million fine by U.S. regulators for conducting prohibited mutual fund sales contests. The National Association of Securities Dealers (NASD) says Morgan Stanley offered incentives, such as event tickets and resort trips, to reward brokers and managers who sold the firm’s in-house funds. “It is […]

By Staff |September 18, 2003

4 min read

BCSC chair: Nothing will come from

(September 17, 2003) Taking an “all or nothing” approach to harmonizing Canada’s patchwork of securities regulators is a good way to end up with nothing, according to British Columbia Securities Commission (BCSC) chair Doug Hyndman. Instead, Canada should adopt the “passport model,” he recommended in a speech to the Economic Club of Toronto today. “I […]

By Steven Lamb |September 18, 2003

3 min read

Berkshire joins forces with TWC Financial

(September 18, 2003) A long-rumoured merger deal involving TWC Financial became official today with the announcement that the Saskatchewan-based fund dealer is teaming up with Ontario’s Berkshire Group, owned by Michael Lee-Chin. The new partnership is described as a “business agreement” — no financial details were released. In a news release, Lee-Chin, who also runs […]

By Doug Watt |September 18, 2003

2 min read