Canadians ambivalent on trailers, would dump advisors if fees high
A slim majority of Canadian mutual fund investors would prefer that advisors are compensated by built-in fees, while many would leave an advisor if fee compensation resulted in higher costs.
Dundee makes strategic investment in Canadian National Exchange
Dundee Corp announced a strategic investment in Canadian National Stock Exchange, replicating an announcement made four years earlier by Dundee Wealth, the wealth management unit now owned by Scotia.
‘Screw it, let’s do it’: An exclusive interview with Richard Branson
In an exclusive interview, entrepreneurial legend and founder of more than 400 companies world-wide, Richard Branson, says a ‘screw it, let’s do it’ approach to business is one of the driving forces behind his success.
SEC to seek bigger fines and admissions of guilt
The top US securities regulator is seeking authority to impose harsher financial penalties, and more admissions of guilt when settling cases.
BoC may further delay rate rise
The Bank of Canada may hold off on hiking rates until the US Federal Reserve decides to raise its own, argues Fidelity Investments.
Mortgage brokers also pushing for higher professional standards
Many advisors have long wanted to see higher professional standards and more rigorous accreditation processes, so they may sympathize with the lobbying efforts of professionals in another corner of the financial sector.
Gluskin and Sheff selling majority stake, exiting management
Two of Canada’s top money managers are selling off the vast majority of their shares in the independent wealth management firm they founded.
Regulators warn of cyber-crime threat
Warning of an increase in cyber crime, regulators said they will consider how firms are ensuring security of client data issuer as part of their oversight of regulated entities.
Financial sector among most generous, ahem, sperm donors
The reputation of financial workers may have taken a hit with the financial crisis, but there’s one area where they are proving to be more generous than doctors, teachers and other professionals… sperm donation.
CI Financial buys controlling stake in Marret Asset Management
CI Financial is buying a controlling stake in Marret Asset Management as consolidation in the industry continues apace.