IIROC: Advisor must sit out full two-year suspension
A fine of $200K is large, but the opportunity costs of having to sit out a full two-year suspension may be even greater for a young advisor losing his appeal in IIROC proceedings.
Industry icon discusses a big Canadian mistake
In an exclusive with WP, the former Chairman of Merrill Lynch International is reflecting on the 2001 sale of Midland Walwyn to CIBC arguing its negative impact continues to be felt by Canada’s independents.
Make the next ‘Sid the Kid’ your client
Advisors would do well to follow the lead of recruiters who are actively pursuing Lebron James’ 10-year-old son, anticipating his inevitable rise to stardom and financial success.
Are advisors letting down lottery winners?
Lottery winners who suffer from “sudden wealth syndrome” lose most of their wealth within three years, a problem advisors have a very difficult time preventing.
News bits from the week that was
Some of the events financial types are talking about.
GMP gets revenue boost from Richardson
Revenues in the wealth management unit are up over 100%. The increases are fueling results at the parent company.
Richardson GMP: Markets tender, but still tilted toward growth
The title of the Q3 market outlook, "Climbing the wall of complacency" is fitting.
Top independent firm refuses to pay back investors
One of Canada's leading dealers has disregarded the Ombudsman for Banking Services and Investments' recommendations to compensate investors, the agency reported Wednesday.
Your reputation IS your career, says Wall Street veteran
Advisors react to an investment legend's stance, sharing their thoughts on how reputation and trust can make or break their business.
I like Being Disruptive
In September, Richardson GMP became the largest independent wealth manager in Canada with the $132-million purchase of Macquarie Canada’s retail business. CEO Andrew Marsh tells Wealth Professional’s Christopher Myrick what prompted the deal and the big changes he sees for Canadian advisors