Industry News

MFDA fines HollisWealth $130,000 for failure to supervise, improper release

The MFDA has fined HollisWealth Advisory Services Inc. for failure to supervise approved persons and for inappropriate business conduct regarding an acknowledgement and release. In Toronto on March 7, 2017, a three-member hearing panel imposed: In the settlement agreement, HollisWealth admitted that between November 5, 2004, and May 20, 2014, it failed to adequately supervise […]

By Staff |March 16, 2017

2 min read

Investors Group announces fund changes

Investors Group has proposed product changes, including fund mergers and investment objective and strategy changes, in an effort to streamline its offering. Proposed fund mergers The following proposed mergers are expected to take effect on or about the close of business on June 16, 2017, subject to all necessary approvals: Merging fund Continuing fund Investors […]

By Staff |March 15, 2017

3 min read

Tellers are not advisors, big banks clarify

Some of the country’s biggest banks have clarified what they require for employees who use the word “advisor” in their titles.

By Simon Doyle |March 15, 2017

2 min read

CI’s institutional arm offers global real estate fund to Canadians

CI Institutional Asset Management, a division of CI Investments Inc., now offers CI Global Private Real Estate Fund, in association with CBRE Global Investment Partners. The fund is a Canadian-based trust that invests indirectly in units of the CBRE Global Investment Partners Global Alpha Fund, which has investments in more than 1,900 office, retail, logistical […]

By Staff |March 15, 2017

1 min read