What IIROC's 'lost device' really costs...
IIROC estimates costs of $5.2 million from the loss of a device containing data on member firms' clients, but at the same time it notes it could be on the hook for considerably more through settlement.
Another threat for mutual fund 'guys'?
As the Big Six grow their wealth businesses, they are increasingly in a position to push multi-service offerings. Should mutual-fund guys be worried?
OSC fines fraudster's wife +$500,000
The OSC has reached a settlement with the common-law wife of a convicted fraudster who had lost more than $3.6 million in investor funds.
No, seriously, this is S&P's plan B
S&P's plan to get a civil case dismissed went nowhere. Here's its equally audacious plan B.
Banks to push advantage in advisor recruitment
The Big Six are aggressively expanding in the wealth segment, and they are likely to push their advantage in scooping up young advisors. That may mean independents and mid-tier firms will have to come up with new ways to recruit.
Clients don’t understand advisor compensation model
There is a huge gulf between how advisors are paid and how investors think they are paid; indicating that advisors are not putting in enough effort in educating their clients about compensation.
Sunlight increases risky behavior
With summer coming to a close and the days getting shorter, your clients may start to develop a lower appetite for risk. A new study shows that sunlight makes people far more likely to take risks with their money.
Big Six growth in wealth management points to more consolidation
The Big Six chartered banks all posted double-digit growth in their wealth management operations and you can expect them to continue to expand aggressively.
e-Disclosure approved by securities regulators
Canada’s securities regulators have approved e-disclosure rules. Instead of issuing excessively lengthy e-mail or multiple pages of pdf documents (which clients may never read), firms can now provide them with hyperlinks (which they may never click).
Google Glass to provide in-your-face market data
A new Google Glass app may soon allow users to have a permanent market ticker embedded in their field of vision. But having a constant stream of information may not be a good thing for some investors.