IIAC seeks nominees for annual Top Under 40 Award
Nominees must be full-time employees of an IIAC member firm and must not be a previous recipient to qualify
- By: Beatrice Paez
- April 17, 2017 December 19, 2017
- 14:00
Latest news in Industry News
Spiring resurrects Wellington brand
Wellington-Altus Private Wealth Inc., which opened for business on Monday, has 14 investment advisors and $2.5 billion in assets under management
- By: Fiona Collie
- April 17, 2017 December 19, 2017
- 06:30
Canada’s financial services sector “moving fast” on AI
Several major institutions are investing heavily in the emerging technology while startups are also looking to develop new products, report finds
- By: Beatrice Paez
- April 13, 2017 December 19, 2017
- 11:50
Feds establish parliamentary caucus to connect with credit unions
The first federal caucus devoted to credit unions will provide representatives with financial co-operative with a platform to “address community concerns”
- By: Beatrice Paez
- April 13, 2017 December 19, 2017
- 09:30
Blockchain could improve trade settlement process, study finds
Existing market infrastructure firms that handle clearing and settlement would likely continue to serve these functions
- By: James Langton
- April 12, 2017 December 19, 2017
- 10:15
Holding an RESP leads to greater pursuit of post-secondary education
New StatsCan study finds RESPs are more concentrated in families with higher income, greater wealth and higher levels of parental education
- By: James Langton
- April 12, 2017 December 19, 2017
- 09:45
Sprott Inc. sells investment funds business for $46 million
Staff count will be halved as company focuses on precious metals and natural resources
- By: The Canadian Press
- April 11, 2017 December 19, 2017
- 06:30
Compliance costs expected to rise in next two years
Global compliance executives say their firms will have to spend more to deal with risks associated with fraud and financial crime, cyberattacks and everyday business
- By: Beatrice Paez
- April 10, 2017 December 19, 2017
- 15:30
Wells Fargo claws back US$75 million from top execs in sales scandal
New report from the bank’s board finds that management “created pressure on employees to sell unwanted or unneeded products to customers”
- By: Ken Sweet
- April 10, 2017 December 19, 2017
- 10:35
Responsible investing on the rise
Growth demonstrates increasing demand among individual and institutional investors, report says
- By: James Langton
- April 7, 2017 January 22, 2018
- 16:35
Millennials will force advisors to reshape their business
With this demographic’s net worth set to increase by 500% in the next 15 years, advisors will have to cater to the needs of this…
- By: Beatrice Paez
- April 7, 2017 December 19, 2017
- 14:40
Wells Fargo’s board advises shareholders to vote against ISS motion
The proxy advisory firm is recommending shareholders to dump 12 of the 15 members of the board as a result of the recent scandal at…
- By: James Langton
- April 7, 2017 December 19, 2017
- 14:05
Investors want a blend of digital and traditional financial advice
The trend is being driven by wealthier clients, who believe that traditional human advisors don’t provide “sufficient value,” new Accenture report finds
- By: Beatrice Paez
- April 7, 2017 January 15, 2018
- 12:00
Empire Life to deliver insurance contracts to clients digitally
The digital documents will be available first to clients who apply for insurance using the Fast & Full electronic life insurance application, then expanded this…
- By: Megan Harman
- April 7, 2017 December 19, 2017
- 10:45
Raintree introduces portfolio management arm
The firm’s advisors will now have the option to refer clients to third-party portfolio managers with whom the firm has long had relationships or to…
- By: Fiona Collie
- April 7, 2017 December 19, 2017
- 10:10
BMO names Darryl White as new CEO
White, the bank’s current COO, will replace outgoing CEO Bill Downe, who’s retiring, at the end of the current fiscal year
- By: Pablo Fuchs
- April 7, 2017 December 19, 2017
- 07:45
Firms increasingly adopting electronic data feeds to track insurance policies
There are big challenges related to doing this, but it ensures applications are processed quicker and could also help advisors identify sales opportunities
- By: Megan Harman
- April 6, 2017 December 19, 2017
- 17:15
Exchanges report greater engagement with ESG issues: survey
Exchanges are running sustainability events, making their own commitments to sustainability and offering more ESG products
- By: James Langton
- April 6, 2017 December 19, 2017
- 14:45
Greater collaboration between fintech and established players expected
Incumbents see potential for a “symbiotic relationship” with fintech firms as 82% of executives intend on partnering with these startups in the next few years
- By: Beatrice Paez
- April 6, 2017 December 5, 2019
- 14:15
Ontario court rules in favour of monetary relief for executor
The hostile beneficiaries, who had claimed the executor had not met his duties, were ordered to pay more than $17,000 to cover the executor’s costs…
- By: Patricia Chisholm
- April 5, 2017 January 29, 2018
- 16:05
Advocacy group calls for greater disclosure from RBC
SumOfUs is calling on the bank’s shareholders to support a bid for greater transparency surrounding the bank’s lobbying efforts
- By: James Langton
- April 5, 2017 December 19, 2017
- 12:15
Canada’s biggest banks on the defensive over sales practice allegations
U.S. bank Wells Fargo publicly apologized and paid large penalties after it came to light that its employees had opened millions of unauthorized accounts and…
- By: Alexandra Posadzki
- April 5, 2017 December 19, 2017
- 06:00
FAIR Canada calls on regulators to take action on banks’ sales practices
The group is asking the CSA in an open letter to step up its oversight and ensure bank-based advisors are meeting their regulatory obligations
- By: James Langton
- April 4, 2017 December 19, 2017
- 15:50
Scotiabank CEO supports free trade but wants governments to address concerns
Much of the worry around free trade stems from the fact that technological progress is changing the economy and, in some cases, eliminating jobs, Porter…
- By: The Canadian Press
- April 4, 2017 December 19, 2017
- 15:30
FMIs made substantial enhancements to their risk management practices in 2016: report
Priorities for 2017 will include enhancing cybersecurity action plans and finalizing recovery plans
- By: James Langton
- April 4, 2017 December 19, 2017
- 15:00