CIBC has announced an overhaul in its senior leadership, sparked, it would appear, by the departure of Sonia Baxendale, senior executive vice-president and president of retail markets is leaving CIBC. “I would like to thank Sonia for her significant contribution to CIBC over many years,” said Gerry McCaughey, president and CEO of the bank. “Thanks […]
Raymond James Ltd. has announced the hiring of Andy MacLean as the firm’s new Private Client Strategist for Canada, effective April 1, 2011. “Andy is a talented professional who will enhance our ability to better serve our financial advisors and their clients by delivering actionable investment ideas, market commentary and portfolio solutions,” says Terry Hetherington, […]
Connor, Clark & Lunn Financial Group has formed a new private equity real estate venture. Crestpoint Real Estate Investments Ltd. will offer institutional and high net worth investors with direct access to Canadian commercial real estate assets. Investors have the choice of pooled or segregated accounts. “For several years now, industry consultants have highlighted the […]
Coming out of the recession, Canada’s banking sector looks better than many of its global peers. Tough regulation ensured that the banks steered clear of the leverage minefield that sank some foreign competitors and 2010 profits have topped records set in 2007. This presents the sector with unprecedented opportunities for growth and expansion, according to […]
Everyone wants to find extra cash. There is no shortage of articles, webcasts, and conferences discussing investments, the market and how to get the best return. There is also a myriad of tools and calculators available to show people what that extra percentage point can mean 20 years down the road. Bank customers may spend hours searching for the best rate and have been known to switch institutions in order to gain (or save) an extra quarter point. We all know the importance of building and preserving wealth; now, let’s help our clients put this in perspective.
North American advisors have enjoyed a substantial bounce back from the recession, with both asset levels and production reaching new highs by the end of 2010, according to a report from PriceMetrix. “The general health of the retail wealth management industry is improving. In many areas it has recovered from the downturn of 2008/2009 to […]
In December 2010, CSI Global Education conferred its wealth management designation, the Chartered Strategic Wealth Professional (CSWP), to the first cohort of financial advisors from China. Twenty-five financial professionals from Guangfa Securities, one of the largest Securities firms in China, were awarded the CSWP designation at the graduation ceremony in Guangzhou, Guangdong, China, hosted by Guangfa Securities and CSI.
Northwood Family Office has been recognized as a premier Canadian family office service provider by the Euromoney Private Banking and Wealth Management Survey, one of the leading benchmarks for the industry globally. First published in 2004, the survey uses a peer ranking methodology. “We’re honoured to be held in such high esteem by our peers […]
Canadians are coming to grips with the notion that their original retirement plan might not work out as they expected, according to a survey by AXA. The 2010 edition of the Retirement Scope survey found an increasing number of Canadians now believe they will have to work later into life than they had planned. On […]