Wealthsimple expanding to the United Kingdom
The robo-advisor says an invitation-only trial version of its service will be tested this summer in the U.K.
- By: The Canadian Press
- June 22, 2017 December 19, 2017
- 06:40
Latest news in Industry News
RBC to cut 450 jobs
The job cuts were made in bank’s head office locations in the Toronto area as RBC looks to invest in digital, high-growth sectors
- By: Rudy Mezzetta
- June 21, 2017 December 19, 2017
- 11:45
High-income men more likely to be emotional investors
This demographic is also more likely to buy a stock based on a friend’s recommendation
- By: IE Staff
- June 21, 2017 December 19, 2017
- 10:50
Home Capital to sell $1.2 billion of commercial mortgage assets to KingSett Capital
The announcement comes after the company agreed last week to settle both an OSC case and a class-action lawsuit filed by investors.
- By: Alexandra Posadzki
- June 20, 2017 December 19, 2017
- 15:25
Vulnerability of indebted households to hit “historic” levels as rates rise: PBO
Rising interest rates threaten to make it harder for Canadians to pay down their debt
- By: Andy Blatchford
- June 20, 2017 December 19, 2017
- 14:10
CIBC announces new head of wealth amid other executive changes
Jon Haountalas replaces Steve Geist as CIBC undergoes a transformation centred on digital innovation and client-focused delivery services
- By: Rudy Mezzetta
- June 20, 2017 December 19, 2017
- 11:40
Nominations for annual IIAC Top Under 40 Award close in less than two weeks
Nominees must be full-time employees of an IIAC member firm and must not be a previous recipient to qualify
- By: Beatrice Paez
- June 19, 2017 December 19, 2017
- 13:35
IIAC’s new infographic gives snapshot of industry’s contributions
The investment industry generated $76 billion in economic activity in 2016 and is responsible for providing direct employment for 40,130 workers
- By: Leah Golob
- June 19, 2017 December 19, 2017
- 12:50
Queen’s students awarded in first ever CFA Canadian Ethics Challenge
The competition saw student teams evaluate the ethical dilemmas in a case study indicative of issues investment management practitioners face
- By: Leah Golob
- June 16, 2017 December 19, 2017
- 10:49
Head of IFIC takes stand against ban on embedded fees
Paul Bourque advocated in a speech that investors should be given a choice in terms of how fees are paid
- By: Jade Hemeon
- June 15, 2017 December 19, 2017
- 15:35
BlueRock introduces secure, digital vault for wealthy clients
The Trusted Advisors feature will improve the sharing and fiduciary tracking of important documents among BlueRock clients and advisors
- By: IE Staff
- June 15, 2017 March 13, 2018
- 10:45
Shining a spotlight on elder abuse awareness
It’s critical for seniors to understand how to protect themselves from financial abuse given that the majority of cases will involve people who are close…
- By: David Hodges
- June 15, 2017 December 19, 2017
- 10:30
Slideshow: How advisors rated their firms in the past decade
Although there have been significant changes to the Report Card, advisors’ ratings, overall, have remained fairly stable since 2008
- By: Fiona Collie
- June 15, 2017 November 9, 2019
- 08:45
UBS unveils global fintech challenge
The contest, which is open to fintech firms around the world, seeks innovative ideas for the banking industry
- By: James Langton
- June 14, 2017 December 19, 2017
- 10:55
Marquest buys Scotiabank business
Scotia Management Cos. Administration had net assets under management of more than $678 million as of June 1
- By: Leah Golob
- June 14, 2017 December 19, 2017
- 09:45
Robo-advisors create better value for clients: report
However, retail investors should also be aware of the services’ weaknesses, cautions a European consumer advocacy group
- By: James Langton
- June 13, 2017 December 19, 2017
- 15:00
CRA raises more than $75 million from audited TFSAs
The additional taxes are coming from cases in which the CRA believes a TFSA holder may be “carrying on a business” within the account
- By: Rudy Mezzetta
- June 13, 2017 December 19, 2017
- 10:50
Canadians confident about financial futures
Seniors and younger millennials feel particularly positive about being financially comfortable during retirement
- By: Leah Golob
- June 12, 2017 December 19, 2017
- 15:40
U.S. proposed tax changes lead to interest in cross-border migration
Although lower taxes in the U.S. is causing young Canadian entrepreneurs to look south of the border, some Canadians are eager to return home
- By: Rudy Mezzetta
- June 12, 2017 December 19, 2017
- 15:25
IFB, IIAC split on alternatives to proposed embedded commissions ban
Both groups are in agreement that eliminating embedded commissions would have serious repercussions for dealers and their advisors
- By: James Langton
- June 12, 2017 September 13, 2018
- 14:15
CIBC leads Big Five banks in mobile banking
Canadian banks on the whole are succeeding in encouraging mobile transactions and payments
- By: Leah Golob
- June 9, 2017 December 19, 2017
- 13:50
Advocis takes stand against new Saskatchewan tax on life insurance
There are concerns that clients won’t be able to afford life insurance or that other jurisdictions may follow suit
- By: Megan Harman
- June 8, 2017 November 9, 2019
- 16:10
Federal government makes big move on CASL
New law that was set to come into effect on July 1 and would’ve allowed individuals to sue companies that violate CASL has been put…
- By: Patricia Chisholm
- June 8, 2017 December 19, 2017
- 12:30
Provincial insurance regulators look to improve oversight of advisors and MGAs
The ICBC, AMF and ICS are considering key changes to supervisory and oversight rules, CE requirements, use of titles and licensing
- By: Megan Harman
- June 8, 2017 November 9, 2019
- 09:10
Canadians relying on their savings to generate own retirement income
But 50% of Canadians surveyed for a Natixis report believe an inheritance is an important part of retirement income and 45% expect to receive one
- By: Leah Golob
- June 7, 2017 December 19, 2017
- 15:30