ING Direct Canada is closing its mortgage broker division. The firm will be re-branded, drop the ING name, and sell mortgages direct to consumers.
Mackenzie Institutional has appointed Yvonne Davidson as vice president, global client relations. In her new role she will be responsible for overseeing institutional client relations efforts worldwide. This position was recently created as Mackenzie Institutional develops its presence in the Canadian and global markets, says Gary A. Wing, executive vice president, Mackenzie Institutional. Davidson has […]
Jory Capital, easily the most controversial firm in Manitoba’s financial services sector, has had its registration revoked and its CEO is moving on.
The U.S. Securities and Exchange Commission has charged the Chinese affiliates of Deloitte, Ernst & Young, KPMG, PwC and BDO with violating the U.S. Securities Exchange Act. By refusing to produce paperwork related to investigations into accounting fraud, these firms ran afoul of securities laws, says an FT report. The move has brought the spotlight […]
The 2012 Morningstar Canadian Investment Awards gala on Wednesday was a grand affair and while AdvisorToGo, one of the finalists in the Canadian Investment Marketing Award category, didn’t win, Advisor Group caught some of the reflected glow of CIBC Asset Management. AdvisorToGo, a CIBC initiative in cooperation with Advisor.ca, showcases expert opinions on issues ranging […]
When brokers leave a brokerage and join another, ethically they are expected not to solicit clients they served at their previous job. But that happens all the time.
There are some who argue that regulation is ineffective, and that market forces can cure all ills. When it comes to compensation disclosure, the market may be about to get out in front.
Just a warning to the IIROC-licensed advisors out there whose clients held onto their income trust holdings: You might get some confused phone calls the next time client statements go out. No doubt you explained to clients long ago that most of their income trusts would convert to corporate structures by January 1, 2011. Less […]