Client

Industry

MFDA to advisors: We’re watching your recommendations

SRO reveals 2018 compliance priorities

By Staff |January 17, 2018

2 min read

Industry

HomEquity’s reverse mortgage applications up 32.5% in 2017

Reverse mortgage applications are on the rise for at least one lender. Read: UPDATED: Several banks hike five-year fixed mortgage rates HomEquity Bank posted reverse mortgage originations of $608 million for 2017. (An origination involves the process of applying for and processing a loan application.) By email, a bank spokesperson said the 2017 originations represent […]

By Staff |January 16, 2018

1 min read

Industry

Remind clients: consider mortgage pre-approval ahead of new rules

If your client is looking to buy a new home, she might want to get pre-approved by New Year’s Eve

By Staff |December 18, 2017

3 min read

Industry

Comply with OBSI, say regulators

CSA, IIROC and the MFDA have released a joint notice, Complying with requirements regarding the Ombudsman for Banking Services and Investments. The notice highlights concerns about some registered firms’ complaint handling systems and participation in OBSI’s services, and sets out potential regulatory responses. In the notice, the regulators say that, though OBSI’s compensation recommendations aren’t […]

By Staff |December 7, 2017

1 min read

How to make yourself invulnerable to liability

Keeping abreast of your client obligations is no easy feat, and following proposed legislation—like Finance’s tax reforms for businesses—adds to the burden. If the department’s reforms are passed, your business-owning clients might require new planning. If you don’t inform them of the changes in a timely manner, could you be held liable? “It’s completely settled […]

6 min read

Questions to ask an aspiring small business owner

In the first 10 minutes of a meeting, your client says: We went leaf-peeping on the Cabot Trail. We had a great time but our B&B was horrible. I could do it so much better! At that moment Later in the meeting Offer to look at your client’s portfolio and help her figure out how […]

By Gil Martinez |November 17, 2017

2 min read

How the rich get richer

Dividends are making some Canadians — the top 1% — proportionally richer. StatsCan data reveal that the top 1% of tax filers saw their share of total income rise by almost one percentage point from 2014 to 2015, thanks to a sharp increase in dividend income from Canadian corporations. In 2015, the top 1% of […]

By Staff |November 15, 2017

2 min read

OBSI’s new website ready for client complaints

In 2016 investment complaints to the Ombudsman for Banking Services and Investments (OBSI) were up 17% from the previous year. Better online service might help clients with complaints feel less frustrated: OBSI has launched a new website, which includes a “simplified” complaint process for clients, says the ombudsman in a release. The overall complaint process […]

By Staff |November 15, 2017

1 min read

Client

MFDA to advisors: We’re watching your recommendations

HomEquity’s reverse mortgage applications up 32.5% in 2017

Remind clients: consider mortgage pre-approval ahead of new rules

Comply with OBSI, say regulators

What we learned from the 2017 CSA Investor Index

How to make yourself invulnerable to liability

How investor education fails your clients

Questions to ask an aspiring small business owner

How the rich get richer

OBSI’s new website ready for client complaints