Investment dealer to donate June 26 trading commissions
The Investment Industry Regulatory Organization of Canada (IIROC) has fined an Ontario rep $30,000 for due diligence shortcomings On June 10, an IIROC hearing panel accepted a settlement agreement, with sanctions, between IIROC staff and Derek Axford. Axford admitted that from April 2010 to August 2011 while he was a registered representative with a London, […]
Firm makes education services a strategic investment
Financiers and physicians become white knights in support of hospital-based clinic
How advisors rated their firms
Toronto-based Front Street Capital Inc. has appointed Rick Brown as senior portfolio manager of fixed-income. He will oversee all fixed- and variable-income portfolio-management responsibilities at the firm. Brown will be responsible for implementing fixed-income investment strategy and research, as well as for driving the investment and reallocation process. Brown is the lead portfolio manager of […]
Toronto-based BMO Investments Inc. has announced changes to a number of its mutual funds. BMO Asset Management Inc. (BMOAM) will replace both New York-based Lazard Asset Management (Canada) Inc., the current portfolio manager of BMO Global Absolute Return Fund, and Montreal-based Global Alpha Capital Management Ltd., the current portfolio manager of BMO Global Small Cap […]
Toronto-based FT Portfolios Canada Co., an affiliate of Chicago-based First Trust Portfolios LP, has launched its first set of fundamentally weighted dividend exchange-traded funds (ETFs). First Trust AlphaDEX Canadian Dividend Plus ETF will invest primarily in a portfolio of higher-yielding Canadian dividend-paying stocks. First Trust AlphaDEX U.S. Dividend Plus ETF (hedged into Canadian dollars) will […]
Toronto-based Manulife Mutual Funds has given Roberto Sanchez-Dahl, managing director and senior portfolio manager, and Paolo Valle, managing director and senior portfolio manager, both with Manulife Asset Management, the portfolio-management responsibilities for Manulife Emerging Markets Debt Fund. The fixed-income portion of Manulife Emerging Markets Balanced Fund also will be managed by this new team, which […]