Digital generation still wants financial advice
Being technologically savvy does not necessarily make a person financially savvy. And the generation who are most adept at using on-line tools to self-manage their finances may still want investment advice.
Regulation costs strangling small issuers, Venture Exchange
Security regulators scuttled an attempt to amend disclosure rules for venture issuers after objections to costs. But issuers are still being battered – and the venture market decimated – by compliance expenses.
US move to fees accelerates, to be two-thirds of industry by 2015
Canadian regulators are considering a ban on commissions, but in the US they are becoming a thing of the past not by regulatory dint... but because of industry, investor and advisor preference.
Jailed Ponzi scammer ordered to repay $600K
The perpetrator of a New Brunswick Ponzi scam has been ordered to disgorge almost $600,000 and has been banned from the investment industry for life.
Alphabet soup accreditation confuses clients – OSC panel
The alphabet soup of titles in Canada’s advisory sector confuses and the entry bar for the profession is too low, said OSC roundtable panellists in a rare moment of agreement.
Legal experts spar over need for ‘best interest’ rules
Legal experts at an OSC panel sparred, differing sharply on whether proposed ‘best interest’ guidelines for advisors were a legal necessity.
Satisfaction in Canada banks rises, Big Five trail mid-sized rivals
Customer satisfaction in Canadian banks improved in 2013, but more people see banks as lagging in innovation and customer focus. The Big Five are also underperforming mid-sized rivals.
Millennials investing earlier, self-managing portfolios
Good news for advisors: millennials are investing at a much younger age than their parents and are accruing assets earlier. The bad news: they are also highly likely to manage their own portfolios.
Canucks dump US equities, inflows to Canada securities slow in May
Canadians had their biggest sell off of US stocks since 2008, even as the market hit historic highs. Foreign investors, meanwhile, slowed buying across all Canadian asset classes.
Taking clients to the greens? Here are some tips
For Peter Churchill-Smith, managing director of Newport Private Wealth, the gentleman's game is an essential tool for building strong client relationships. He offers some tips for entertaining, and landing, clients.