It’s been 25 years since the bull-run that defined the go-go ’80s came to a screeching halt.
Since January 2010, the U.S. Securities and Exchange Commission has cited more than 100 hedge funds for a variety of wrongdoings; including misuse of investor assets, lying about a fund’s investment strategy or performance, charging excessive fees, or concealing conflicts of interest.
Peter Mortifee, a former physician who runs the Somerset Foundation in Vancouver, is on a quest to align his investment choices with his, and his family’s, personal values—environmental sustainability, social justice and strong corporate governance.
If a client leaves, it’s likely nothing personal, notes Mortifee. Needs evolve and a person’s relationship with money is never static.
Leon Mercury, a retired barrister, and wife Margaret were reasonably happy with their broker but wanted to develop long-term financial plans and never feel as if they were being sold to. And they wanted all the details looked after, with minimal phone calls to corroborate decisions.
Six Canadians rate advisors on portfolio management and ability to solve complex problems
Doug Norris, a retired VP at an engineering, architectural and survey materials firm who lives in Toronto’s Harbourfront neighbourhood, knows when he’s being sold and subscribes to the old adage that the easiest person to sell to is a salesman.
When Margaret MacGillivray's husband passed away, she realized the advisor they’d worked with for years had only listened to one of them. And it wasn’t her.
In 2009, we asked advisors to share their funniest tales in hopes of bringing some levity to the dark days of the financial crisis. We’re bringing them back on Fridays so you’ll get a few laughs going into the weekend.
In its first ever direct action against an exchange, the SEC has penalized the New York Stock Exchange $5 million for giving certain market data users an informational advantage. The Commission asserts NYSE violated of Regulation NMS, which was adopted in 2007 to ensure fair access to markets and market data. Specifically, the SEC says proprietary trading customers were given access to two NYSE data feeds ahead of other public customers.