Throughout her successful career, Lori Claxton had to push herself to be better and smarter because of the gender stereotypes that pervade the industry. And even though things are much better than they once were, some clients still gravitate toward her business partner for no other reason than he is a man. Despite those snubs, […]
Legg Mason is throwing its hat into the ETF ring. According to the Baltimore Sun, the brokerage firm has filed an application with the Securities and Exchange Commission to launch actively managed exchange-traded funds. The application itself will take months to move through the system and according to company spokeswoman Mary Athridge, they are focusing […]
Canada’s Task Force on Financial Literacy wants to know how Canadians make their financial decisions. To get that discussion going, they have released the ‘Leveraging Excellence’ report today. The report explores the key issues the task force believes Canadians face when it comes to their financial well-being. Called to action by the federal Minister of […]
Invesco has launched nine new PowerShares funds which will combine the features of U.S.-listed ETFs with those of mutual funds offered in Canada. The addition of the nine new options increases the number of PowerShares funds to 17. The new funds are as follows: PowerShares 1-5 Year Laddered Corporate Bond Index Fund : Invests in […]
Effective today, the Montreal Exchange has listed put and call options on the Claymore Gold Bullion ETF. Those options are also currently available on the Claymore Natural Gas Commodity ETF and the Claymore Global Agriculture ETF. Claymore’s Gold Bullion ETF replicates the performance of the price of gold bullion, less the fund’s expenses and fees, […]
Now that conversations have opened up about notice periods for advisors facing MFDA hearings, an industry association remains concerned about the inability of brokers to collect compensation for costs incurred to defend claims. Susan Allemang, the IFB’s manager of regulatory affairs, told Advisor.ca she’s worried that current self-regulatory organization bylaws still don’t entitle an advisor […]
Changes to a Mutual Fund Dealers Association of Canada (MFDA) bylaw are not sitting well with the Independent Financial Brokers (IFB) and some advisors. Under the amendments, the MFDA can hold an enforcement regulatory hearing without notifying the advisor in question. According to the amendments to the ‘Applications in Exceptional Circumstances’ section of By-Law No. […]
The patient is a little worse for wear, but they will likely survive on a prescription of equities, equities and more equities. That’s the diagnosis being given by the some of the most prominent financial analysts when it comes to where the economy and markets are heading in 2010. What’s striking about this prescription is […]
Ponzi schemes and the recession be damned; the readers have spoken. By an overwhelming margin, the top Canadian news story of 2009, according to the results of our News Poll Contest, was the adoption of the Harmonized Sales Tax (HST) by Ontario and British Columbia. Trailing in second and third place were the Earl Jones […]
It was the closest race in Distinguished Advisor Conference history but there could only be one winner. Anthony Morris, the international practice development specialist and sales coach, was selected as the top speaker/presenter at the conference by attendees. Based in Markham, Ontario, Morris’ business platforms have been employed in over 50 countries worldwide. His presentation […]