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Latest news in Industry News

tractive happy senior chinese couple sitting on the front steps of their house.

Older homeowners value their independence

Many homeowners are feeling pressured to sell to help finance their retirement

two business partners signing a contract

IIAC, PMAC create standardized template for service arrangements

The draft template details the obligations of investment dealers and portfolio managers in serving shared clients

  • July 16, 2018 July 16, 2018
  • 14:30
handshaking and exchanging contract documents

Kingsway Financial Services sells non-standard auto insurance business

The sales is expected to close in the third quarter

  • July 16, 2018 July 16, 2018
  • 10:25
Customer Relationship Management handshake provider and customer flat illustration

Broadridge launches prospect intelligence platform for advisors

Automated content recommendations are designed to help advisors engage with clients and prospects more efficiently

Hi-tech technological background with numbers and calculations

Industry urged to look beyond cost cutting and use AI to boost revenues

Automation could produce more than US$500 billion in additional revenues for the global financial industry by 2020

professional woman meeting male advisor

CSA proposals will transform investment industry: Russell

Lower revenue and higher compliance costs may force smaller firms out of business and impact advisor compensation

business finance and accounting as a abstract

Protectionism a threat to global financial standards

Policymakers should be cautious in setting minimum standards and allow a great deal of local flexibility

usiness team in a meeting looking at a sheet of paper

BMO opens smart branches in Alberta

Clients have the option to handle simpler transactions on their own, while advisors can help with more complex financial needs

  • July 12, 2018 July 12, 2018
  • 12:58
RBC logo Royal Bank of Canada sign

RBC Capital Markets tops rivals in Canadian equities trading

Greenwich announces 2018 share and quality leaders in Canadian equities

Piggybank With Eyeglasses And Calculator On Wooden Table

Banks raise prime rate following Bank of Canada rate hike

The increase will raise the cost of borrowing for clients with variable rate mortgages and lines of credit

TD ratings unaffected by Greystone acquisition: DBRS

Greystone’s focus on alternative asset management diversifies the bank’s product lineup

Bitcoin Electronic Crypto Currency Exchange Concept Illustration

New trade group advocates for blockchain

The American Blockchain and Cryptocurrency Association is open to investors, entrepreneurs, exchanges and professional firms

lass of university students using laptops in lecture

Parents missing the mark on saving for kids’ education

By starting a savings plan early, parents can reduce the burden of debt to pay for higher education

businesspeople hands showing thumbs up

Slideshow: Advisors happy to recommend their banks

During the past decade, advisors have been satisfied with the services and work environments their banks offer

cybersecurity of network of connected devices and personal data security, concept on virtual interface with consultant in background

FS-ISAC launches CERES forum

Global community lets financial regulators, central banks and supervisors share information on cyberhreats

Piggybank and calculatar with asset allocation pie chart

Investors’ interest in ETFs growing: survey

Advisors expect their allocations to ETFs to grow by 50% over the next two years

Insurance. Chart with keywords and icons

Hub acquires Ontario MGA

Independent Financial Concepts Group expands Hub’s broker network

economic growth gdp growth domestic product money stack chart

CC&L announces formation of Vergent Asset Management

UK-based investment manager focuses on frontier and new emerging markets

  • By: IE Staff
  • July 10, 2018 July 10, 2018
  • 10:45

TD to acquire Greystone Managed Investments for $792 million

The asset manager will be rebranded as TD Greystone and will continue to operate from Regina

two excited sports fans watching game on tablet

CPPIB betting that demand for sports data is a good long-term investment

Sportradar is the only company that’s currently working with U.S. sports leagues for official data for betting purposes

Brooklyn Bridge and the downtown Manhattan skyline in New York City

Growing divide between winners and losers in asset management: report

In an environment of fee compression and pervasive passive investing, profitable growth is becoming more difficult to achieve

Bank of Nova Scotia main branch in Calgary, Alberta

Scotiabank completes purchase of stake in Chilean bank

The transaction is intended to double Scotia’s presence in Chile

Financial technology business investment concept illustration with data computer background

Open banking must safeguard client data

Fintechs should be required to meet similar standards as the traditional banks when it comes protecting client data

New York City Skyline USA

Race to the bottom in U.S. asset management fees accelerates

There are multiple causes of fee compression in asset management, which compound upon each other

British Columbia provincial parliament building, Victoria, BC

Benefits like employer tips and RRSP contributions to be part of B.C. health tax

The government is eliminating medical services plan premiums and returning about $1,800 each year to families