Advisors not communicating fees effectively: poll
Investors with a “complete understanding of fees” are considerably more likely to recommend their firm, J.D. Power survey finds
- By: Leah Golob
- August 17, 2017 December 19, 2017
- 13:15
Latest news in Industry News
Feds to consider expanded services from banks, fintechs
Finance Canada is reviewing various facets of the rules governing the financial services sector, including sales practices at the Big Six banks
- By: Rudy Mezzetta
- August 16, 2017 December 19, 2017
- 15:45
CIBC to launch Simplii direct banking brand, integrate PC Financial accounts
The two companies announced they’re going their separate ways after a partnership that has lasted for almost 20 years
- By: The Canadian Press, Ian Bickis
- August 16, 2017 December 19, 2017
- 15:15
BMO Private Banking announces U.S. ATM deal for HNW clients
Increased cross-border capabilities make it easier for high-net worth individuals and families to bank in both Canada and the U.S.
- By: IE Staff
- August 16, 2017 December 19, 2017
- 13:15
impak Finance introduces Canada’s first cryptocurrency
The public crowdsale of impak Coin, which is fully compliant with securities laws, begins on Aug. 21
- By: Leah Golob
- August 16, 2017 December 19, 2017
- 13:00
Computershare to acquire exempt market business of Canadian Western Trust
The agreement includes 22,500 self-directed accounts with assets under administration of $1.7 billion
- By: IE Staff
- August 16, 2017 December 19, 2017
- 11:00
CE is critical to advisors’ success with clients: poll
New IMCA survey finds that continuing education and professional development courses are “very important” to advisors
- By: Leah Golob
- August 15, 2017 December 19, 2017
- 13:30
Slideshow: How insurance advisors have rated their firms this decade
The Report Card average has remained quite stable during the past eight years, but some firms have seen some dramatic changes
- By: Fiona Collie
- August 15, 2017 November 9, 2019
- 09:00
U.S. tax officials delay changes to non-U.S. firm tracking rules
IIAC lauds decision to give its members more time to review, consult on the changes
- By: Rudy Mezzetta
- August 14, 2017 December 19, 2017
- 15:50
Feds to review whether credit unions can use banking terms
Finance Canada is reviewing whether credit unions should be allowed to use “banking” and similar language when describing their services
- By: The Canadian Press
- August 11, 2017 December 19, 2017
- 15:25
Protocol to protect vulnerable investors gets IAP support
The IAP notes such provisions were recently adopted in the U.S.
- By: James Langton
- August 10, 2017 December 19, 2017
- 15:10
Robo-advisors could expand market for financial advice
Rather than cannibalizing traditional financial services firms’ clients, robo-advisors could open the market to cost-sensitive investors
- By: James Langton
- August 10, 2017 December 19, 2017
- 14:05
CLHIA calls for key changes to improve insurance advisor oversight
The association calls the current regulatory framework outdated and suggests licensed distribution firms are made responsible for overseeing advisors
- By: Megan Harman
- August 10, 2017 January 21, 2018
- 11:30
CI buys Sentry for $780 million
CI will see its AUM increase by 16% to approximately $140 billion from $120.4 billion and maintain Sentry as a standalone brand
- By: IE Staff
- August 10, 2017 December 19, 2017
- 07:50
CLHIA strongly in favour of new requirements for insurance advisors
The association’s response to the CCIR’s strategic plan recommends that regulators implement a mandatory rule for advisors to conduct a needs analysis for all clients
- By: Megan Harman
- August 9, 2017 December 19, 2017
- 15:20
Is SRO needed for exempt-market dealers?
A new paper examining the exempt-market regime in Canada suggests there’s likely a significant gap in investor protection because no SRO exists
- By: James Langton
- August 9, 2017 December 19, 2017
- 14:20
IIAC introduces judges for Top Under 40 Award
Milton McClaren, Joe Oliver and Margot Ritchie will decide the winner of this year’s award
- By: Leah Golob
- August 9, 2017 December 19, 2017
- 14:10
CLHIA lobbies feds to expand options for guaranteed life income streams
The association argues that without the benefit of DB plans, Canadians face several risks in funding their long-term retirement
- By: Rudy Mezzetta
- August 9, 2017 December 19, 2017
- 12:15
New threats present cybersecurity risks for financial services firms
Companies that use certain Microsoft software products should take steps to ensure they’re protected against older vulnerabilities
- By: James Langton
- August 9, 2017 December 19, 2017
- 10:35
Mandeville, Smart Money introduce WealthPort service
Mandeville advisors can refer clients and prospects to the new platform, which combines the benefits of a robo-advisor but with access to private alternative strategies,…
- By: Megan Harman
- August 8, 2017 December 19, 2017
- 16:45
APEXA platform launches after several delays
The new tool aims to create a centralized database of insurance advisors and to digitize the contracting process, which has traditionally been highly paper-intensive
- By: Megan Harman
- August 8, 2017 December 19, 2017
- 10:15
IA completes acquisition of HollisWealth
With the completion of the deal, IA becomes one of the largest non-bank wealth-management firms in Canada with almost $80 billion in AUA
- By: IE Staff
- August 8, 2017 December 19, 2017
- 08:10
Dennis Mitchell, Scott Colbourne leave Sprott
The departures follow the completion of John Wilson and James Fox’s acquisition of Sprott Asset Management
- By: IE Staff
- August 7, 2017 December 19, 2017
- 12:00
BMO lauded for ESG best practices
The bank received the highest ranking among 5,000 companies in the U.S. and Canada
- By: Leah Golob
- August 3, 2017 December 19, 2017
- 10:40
Home Capital posts $111M loss in first earnings report since Buffett lifeline
The company reported that elevated expenses weighed down its bottom line, including $213.6 million pre-tax from its liquidity crisis earlier this year
- By: The Canadian Press
- August 3, 2017 December 19, 2017
- 08:05