Industry News

Decorative pattern

Prominent advisor fined by B.C. regulator

(December 6, 2004) The British Columbia Securities Commission (BCSC) has fined Vancouver advisor Adrian Mastracci, president of KCM Wealth Management, for failing to comply with business requirements under the province’s securities legislation. In a settlement agreement, Mastracci agreed to pay $5,000 to the BCSC. The commission reprimanded KCM Wealth Management. The BCSC says Mastracci’s firm […]

By Doug Watt |December 6, 2004

2 min read

Decorative pattern

Regulator adopts new income trust policy

(December 3, 2004) The Canadian Securities Administrators has approved a new policy intended to enhance risk disclosure in the income trust sector. The umbrella group for the country’s provincial and territorial regulators first published the policy for comment in October, 2003. About two dozen comments were received resulting in minor changes. However, the changes were […]

By Doug Watt |December 3, 2004

2 min read

Decorative pattern

Central bank expected to stand pat on rates

(December 3, 2004) Just a few months back, economists were convinced the Bank of Canada would raise interest rates once more before the end of the year. But things have changed, and now the consensus is that the central bank will hold the line on its key overnight lending rate, currently at 2.5%. Today’s poor […]

By Doug Watt |December 3, 2004

2 min read

Decorative pattern

Pension expert calls for co-op format

(December 3, 2004) The headlines in recent years have certainly been attention grabbing, as reports of pension shortfalls left many in the workforce wondering if their retirement plans would survive. Plan sponsors have been planning changes that could alleviate the pressure, including conversion of defined benefit plans to defined contribution plans, limitingtheir liability. But perhaps […]

By Steven Lamb |December 3, 2004

3 min read

Decorative pattern

Resource stocks pace healthy fund returns

(December 2, 2004) Canadian mutual funds continued to turn in strong performances in November, according to Morningstar Canada’s monthly review, with high commodity prices giving a boost to portfolios holding resource stocks. According to preliminary data, all 32 of the Morningstar Canada Fund Indexes posted positive one-month returns, compared with 20 in October. The Canada […]

By Steven Lamb |December 2, 2004

2 min read

Decorative pattern

FSCO updates disclosure guidelines for life agents

(December 2, 2004) Ontario’s life insurance regulator has amended the province’s Insurance Act to include disclosure requirements related to potential conflicts of interest. The Financial Services Commission of Ontario says that “an agent who holds a life insurance licence shall disclose in writing to a client or prospective client any conflict of interest or potential […]

By Doug Watt |December 2, 2004

4 min read

Decorative pattern

Fund sales bounce back

(December 2, 2004) Investors returned to mutual funds in November, with IFIC estimating net sales of around $250 million. In its preliminary report, IFIC estimates net sales of between $50 million and $450 million. That’s an improvement from the previous two months, when net redemptions reached close to $600 million. Total industry assets are expected […]

By Doug Watt |December 2, 2004

1 min read

Decorative pattern

Advisor Forum preview: Dealing with sudden wealth

(December 1, 2004) For most people, a million-dollar-plus inheritance would be a dream come true. But there are a number of pitfalls to an inheritance of that size. That’s where advisors can offer valuable assistance to heirs, says tax expert Tim Cestnick. “The larger the inheritance is, the greater are the challenges your client will […]

By Doug Watt |December 1, 2004

3 min read

Decorative pattern

Clients need guidance on allocation

(December 1, 2004) This season can be one of the most hectic times of year — on top of the holiday planning and prepping the household for winter, it’s also year-end tax planning time. So, while you have your clients’ attention, why not throw portfolio rebalancing at them? There’s a good chance portfolios are in […]

By Steven Lamb |December 1, 2004

3 min read

Decorative pattern

DC plan members need custom advice

(November 30, 2004) Making investment choices without qualified guidance can lead to mistakes, most financial advisors agree, but when these choices form the basis of a pension plan, the results can be disastrous. Yet many participants enrolled in defined contribution (DC) pension plans lack that important guidance. Some of them crave advice, while others may […]

By Steven Lamb |November 30, 2004

3 min read

← Previous 1 … 2,232 2,233 2,234 2,235 2,236 … 2,347 Next →