Industry News

RBC GAM makes changes to fund risk ratings

RBC GAM has made changes to the risk rating of certain mutual funds

By Staff |June 23, 2017

3 min read

Proposal to ban embedded commissions threatens industry: letter

Commenter highlights what he says regulators ignore

By Staff |June 22, 2017

4 min read

MFDA fines Desjardins $200K after rep misappropriates funds

Desjardins Financial Security Services faces a fine of $200,000 and costs of $25,000 after the MFDA found it failed to investigate and prevent the dealings of a former advisor. Starting in December 2008, the MFDA settlement says, mutual fund rep Conrad Eagan engaged in unauthorized outside business activities such as preparing wills and accepting an […]

By Staff |June 22, 2017

2 min read

Wealthsimple expands to U.K.

After launching in the U.S. last year, Wealthsimple is now expanding into the U.K. Wealthsimple says an “invitation-only beta version” of the service is open in the U.K., which will launch in September. The robo-advisor now has more than 30,000 clients in Canada and the U.S. and $1 billion in assets under administration. It expanded […]

By Staff |June 22, 2017

1 min read