ESMA reappoints top two execs to new five-year terms
The decision to extend Maijoor’s and Ross’s contracts was based on an evaluation of their work and the organization’s ongoing needs
- By: James Langton
- September 25, 2015 September 25, 2015
- 08:45
Latest news in Industry News
New robo-advisor set to launch in late October
ModernAdvisor will aim to identify and track clients’ financial goals, alert them if they are falling short and make recommendations to get back on track
- By: Fiona Collie
- September 24, 2015 September 24, 2015
- 15:45
Consumers winning more cases: life insurance ombudservice
OLHI also finds increased website usage and has plans to improve its public communications
- By: Tessie Sanci
- September 23, 2015 September 23, 2015
- 14:25
BlackRock to issue PFIC statements for 2015 tax year
Firm recommends that affected investors work with advisor and a U.S. tax professional
- By: Megan Harman
- September 23, 2015 September 23, 2015
- 10:50
PMAC recommends the CFP should be the defining standard for “financial planners”
The regulatory framework for overseeing financial planners should be developed joined by regulators, SROs and the FPSC, according to PMAC
- By: James Langton
- September 22, 2015 September 22, 2015
- 12:40
Desjardins to increase responsiveness to clients’ greater use of technology
The firm also agreed to implement measures to help Desjardins become more efficient while remaining true to its co-operative values
- By: Tessie Sanci
- September 22, 2015 September 22, 2015
- 11:40
First case of Bitcoin fraud results in guilty plea in the U.S.
Trendon Shavers faces a maximum sentence of 20 years in prison and a US$5 million fine for role in apparent Ponzi scheme involving the digital…
- By: James Langton
- September 22, 2015 September 22, 2015
- 09:35
U.S. advisor to be sentenced for accessing client information illegally
The former Morgan Stanley advisor copied confidential information of almost 730,000 clients at his firm while engaged in discussions with two other financial services institutions
- By: James Langton
- September 22, 2015 September 22, 2015
- 09:05
Canadian discount brokerage clients interested in robo-advisors’ services
J.D. Power annual survey finds that when discount brokerages offer more services, client satisfaction increases
- By: Fiona Collie
- September 21, 2015 September 21, 2015
- 16:20
Foresters companies to rebrand under Foresters Financial name
The name change will unify the firm’s various businesses in Canada, the U.S. and the U.K. as well as address confusion among the public as…
- By: Tessie Sanci
- September 21, 2015 September 21, 2015
- 15:00
CCMA launches committee to deal with T+2 settlement
The move follows the publication of a letter SEC chairwoman Mary Jo White expressing support for the move to T+2 over the next couple of…
- By: James Langton
- September 21, 2015 September 21, 2015
- 14:55
IFIC and IIAC call for regulation of financial planners
The two industry trade groups argue that a new regulator should be created to work in conjunction with IIROC and the MFDA
- By: James Langton
- September 21, 2015 September 21, 2015
- 12:15
IIAC calls on Ontario to exclude financial professionals from labour laws
The treatment would be the same afforded to other professionals and colleagues in B.C., Alberta and Saskatchewan
- By: James Langton
- September 21, 2015 September 21, 2015
- 10:30
Industrial Alliance acquires FIN-XO Securities
Deal helps Quebec-based Industrial Alliance expand across Canada
- By: Tessie Sanci
- September 18, 2015 September 18, 2015
- 13:10
CRM2: Client reporting changes that advisors must know
Adrian Walrath, assistant director, Investment Industry Association of Canada (IIAC), says advisors must be prepared to explain discrepancies between the fee and charges reports and…
- By: Adrian Walrath
- September 18, 2015 November 9, 2019
- 08:00
Still some hotspots for CRM2 compliance
Firms still wrestling with issues such as market value and off book accounts
- By: Tessie Sanci
- September 17, 2015 November 9, 2019
- 16:15
Canadian ringleader convicted in U.S. tax fraud case
Group forged IRS forms to falsely claim US$10 million in income had been withheld on their behalf by Canadian financial institutions
- By: James Langton
- September 17, 2015 September 17, 2015
- 12:50
Sun Life taps big data to better serve clients
The Digital Benefits Assistant is designed to prompt group clients to take advantage of the benefits available them
- By: Megan Harman
- September 17, 2015 September 17, 2015
- 10:30
FATCA challenge denied
The Federal Court of Canada has addressed the legality of exchanging tax information, but left open the question of its constitutionality
- By: Rudy Mezzetta
- September 17, 2015 September 17, 2015
- 07:20
B.C. court rules RBC dismissed rep wrongfully
Bank ordered to pay damages and amend notice filed with the BCSC
- By: James Langton
- September 15, 2015 September 15, 2015
- 15:50
ISS buys Ethix SRI Advisors
Swedish research firm advises global asset owners and investment managers that represent more than $450 billion in AUM
- By: James Langton
- September 15, 2015 September 15, 2015
- 08:40
Fiera Capital announces executive appointments
John Valentini joins firm; Sylvain Roy promoted
- By: Tessie Sanci
- September 14, 2015 September 14, 2015
- 10:40
IFIC announces board of directors for 2015-16
John Adams succeeds Brian Peters as chairman
- By: IE Staff
- September 10, 2015 September 10, 2015
- 15:10
Seniors aged 70+ carrying more debt than ever before
HomEquity Bank teams with Equifax Canada to study debt in retirement
- By: IE Staff
- September 10, 2015 September 10, 2015
- 13:00
Standard Chartered, Manulife form 15-year pension distribution partnership
The agreement significantly expands Manulife’s pension business in Hong Kong
- By: IE Staff
- September 10, 2015 September 10, 2015
- 10:00