Industry

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Ontario regulators reduce service as power crisis continues

(August 20, 2003) Ontario’s two main financial services regulators have been forced to scale back service as the province struggles to cope with an ongoing power crisis. The Ontario Securities Commission (OSC) is providing essential services only while the Financial Services Commission of Ontario (FSCO) has suspended operations entirely. A massive blackout last week left […]

By Doug Watt |August 20, 2003

2 min read

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U.S. investors getting back into funds faster than Canadians

(August 19, 2003) While U.S. investors have felt a fiercer bear market than Canadians, they’ve also been quicker to grasp the stirrings of a bull, according to research compiled by Investor Economics. “U.S. long-term funds moved into the black this year while their Canadian peers have continued to suffer net redemptions,” Investor Economics says in […]

By Staff |August 19, 2003

2 min read

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Legalizing same-sex marriage may simplify planning

(August 18, 2003) Amid headlines of disease, trade disputes, diplomatic strain and now power outages, Canada also made international headlines for its weddings. On June 10, the Ontario Court of Appeal released its decision in Halpern et al v. Attorney General of Canada, effectively legalizing same-sex marriages. Since then couples from across the country and […]

By Steven Lamb |August 18, 2003

5 min read

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Ontario blackout expected to have minimal impact on financial services industry, economy

(August 18, 2003) A massive power outage that left millions of Canadians and Americans in the dark had little impact on the financial services sector, with economists comparing its effects to that of a severe winter storm. The lights went out after the markets closed on Thursday. Trading resumed on Friday, although volume was much […]

By Doug Watt |August 18, 2003

2 min read

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Briefly:

(August 21, 2003) Insurance agents run the risk of losing their high net worth clients to retail broker-dealers if they don’t start taking advantage of technology, according to a report from Forrester Research in the U.S. The report says in the U.S. the two industries are increasingly moving into fee-based full-service financial advisory roles, with […]

By Staff |August 18, 2003

5 min read

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IFIC confirms strong fund sales in July

(August 18, 2003) It’s official — investors ploughed money back into mutual funds in July to the tune of $321 million, according to IFIC’s revised monthly report on the industry. “Sales were fueled by positive flows of $463 million into long-term funds. Also, year-to-date redemptions have decreased by $4.6 billion from the same period in […]

By Steven Lamb |August 18, 2003

4 min read

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Survey reveals

(August 14, 2003) Advisors are out of touch with their high net worth (HNW) clients in several important areas, suggests a recent U.S. study conducted for Fidelity Investments. The survey of 800 American millionaire investors and HNW advisors concludes that advisors appear to be underestimating the importance of investment performance and overestimating the importance of […]

By Doug Watt |August 14, 2003

3 min read

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Advocis designation campaign hits the road

(August 13, 2003) Advocis is stepping up its campaign to make professional designations a requirement of advice giving, recently holding meetings with senior regulators, industry representatives and politicians across North America. Under the Advocis plan, first unveiled at the advisor association’s conference in Newfoundland earlier this year, the CFP, CLU, fellow of the Canadian Securities […]

By Doug Watt |August 13, 2003

3 min read

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Time is running out to send in Career Achievement Award nominations

outstanding service in protecting the interests of the investor efforts to raise the professional standards for those giving financial advice demonstrated leadership and innovation in the field of financial advice For a better idea of what the Career Achievement Award is all about, consider the careers of the first two recipients: In 2001, Advisor’s Edge […]

By Steven Lamb |August 12, 2003

2 min read

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Venture capitalists stay on sidelines

(August 12, 2003) Canadian venture capitalists remained cautious in the second quarter of 2003, according to a report from the Canadian Venture Capital Association and Macdonald & Associates Limited. Total dollars invested in venture funding dropped 33% to $212 million between April and June, from $314 million in the first quarter. Disbursement totals were sliced […]

By Steven Lamb |August 12, 2003

2 min read

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