Investment firm fined $1.1M for failing to supervise advisors
IIROC lays down law on supervision penalizing the firm for failing to monitor retail client activity and refusing to adopt procedures to properly identify qualified investors.
Mutual fund giant paves way by cutting fees?
The writing may be on the wall for mutual fund providers, with one industry giant moving Monday to slash management fees in a bid to shore up its ship.
Five tips to attract more clients
Newfangled ways of attracting clients are out – the best way to do it has remained unchanged for years.
Fund name changes a headache, say advisors
IIROC never said they're be days like this. You won't hear this from their managers, but the recent spate of fund consolidation is about burying under-performers, says one industry vet, suggesting the phenomenon is also overworking advisors.
Far out Friday: What moustaches will do for your career
Oops, our bad.We probably should have shared this research before the end of Movember, but it looks like sporting a moustache may shave a fair bit off your earning potential.
CSA offers game-changer for foreign securities
Amendments would eliminate the need for certain disclosure requirements on foreign securities sold to 'sophisticated' Canadian investors.
Aging female clients most in jeopardy
Advisors will have to do a better job of equipping their aging female clients for retirement, with new data pointing to a widening income gap past 65.
Dragon Kevin O’Leary blasts shortsighted advisors
The fieriest venture capitalist in The Dragons' Den warns that many advisors have “sorely misrepresented” clients by keeping them tied to Canada’s low-yield investments.
Financial advisors, the fastest growing job in Canada: Workopolis
Research, based upon online job postings, indicates that the demand for financial advisors tops sales associates and social workers.
Mackenzie Investments has got your back?
Firm assures that its new Series D advice-free funds targeting DYI investors will not compromise the role of an advisor.