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Crisis-fuelled regulatory reforms slow in coming

All the same forces pulling against a global consensus still exist, which makes an agreement much tougher to achieve

Canavan to quit Assante

Successor Steven Donald says he’s “excited to take the reins of a company as solid as Assante”

Anti-spam law called too broad

Referrals could be blocked

Scotiabank puts the spotlight on wealth management

Reorganization of its domestic asset-management operations positions the bank for internal growth and possible acquisitions

  • By: Jade Hemeon
  • September 28, 2009 September 28, 2009
  • 11:05

Targeting white-collar crime

Will federal proposals restore faith in the justice system?

Canaccord building new platform for independent advisors

This channel is designed to complement the company’s network of branch-based advisors

Manulife’s purchase of AIC a hopeful sign for investors

AIC funds will become part of a more diversified fund lineup and could benefit from a strong distribution system

Raymond James CEO forges full speed ahead on expansion

The brokerage firm is adding advisors and is in the midst of a strategy to place more emphasis on income-producing securities

Students in cash crunch

Advisors can help parents by recommending funding strategies

Supreme Court clarifies some pension rules

But experts are divided on whether the decision is good for the pension system overall

Taking aim at enforcement

Global critics fault Canadian system for lack of independence, teeth

Will China lead us out of the recession?

Recent data indicate Asia is showing huge increases in economic production and GDP growth

Transition office begins work amid deep resistance

Provinces such as Quebec, Alberta and Manitoba remain vehemently opposed to the creation of a national regulator

Working with clients

Some groups say rule proposals are too costly

Official client complaints increase

Advisors should learn how to defuse anger

Past complaints against advisors not admissible in court

But advisors are not out of the woods, as previous complaints can still make an appearance at IIROC hearings

New rules for deposit brokers

Some groups are unhappy with initiative

Queensbury rules: Offer advisors independence

Firm emphasizes autonomy and ownership for advisors, with no sales quotas or proprietary products (IE:TV)

Economic recovery may come earlier than expected

Bank of Canada suggests that economic growth will restart in this quarter, with more robust business and consumer confidence

Boutique brokerages set to merge

Richardson Partners and GMP Private Client hope to gain economies of scale

A UBS globetrotter returns home

Paul Knight is the new voice of UBS in Canada, and will build its wealth-management arm

CRA unclear about policy on “10/8” products

The design of these structures may determine whether they can pass muster with the CRA (IE:TV)

British, U.S. regulators prepare for major reforms

The FSA and the SEC are taking aim at compensation structures, especially those based on commissions

Investment-counselling firms in quandary over GST

Court judgment is contrary to position taken by the CRA that investment-counselling fees are subject to GST

Agreement reached on new regime

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