News

Purpose’s acquisition of Wealthsimple for Advisors means ‘opportunities are limitless’

CEOs Jeff Gans and J-F Courville tell WP they now provide a ‘real set of options’ for independence and autonomy

Advisor fined for failing to disclose radio show referral arrangement

Experienced professional earned $18,000 commission without informing IPC's compliance

Wealthsimple moves into the ETF market

Robo-advisor caps frantic week by filing preliminary prospectus for two ETFs managed by Mackenzie Investments

Tech to be bigger revenue driver for financial services in 2020

Most firms are investing in new technology in the belief that it will bring strong returns

Features

Vanguard weds the two biggest trends in ETFs

Vanguard’s head of product tells WP how his new fund combines the two overarching trends in ETF investing

Wellington-Altus attracts $2 billion more in advisor assets

Independent has deals lined up for first half of 2020 as it takes advantage of frustrations with big banks

'Expect a cut from the BoC later this year'

Leading analyst and advisor agree that a cut is coming but think different metrics will drive that decision

People moves

CWB wealth team names new president and CEO

Industry veteran to lead ongoing development of personalized wealth advisory experiences

Regulators

Investment dealer hit with $100,000 fine from IIROC

Firm failed to ensure high-risk securities were suitable for certain clients

Former advisor fined $50,000 and banned for life

Mutual fund dealing rep failed to co-operate with investigation into allegations he misappropriated funds from father

Magazine

Wealth Professional 7.10

Investments

Wealthsimple moves into the ETF market

Robo-advisor caps frantic week by filing preliminary prospectus for two ETFs managed by Mackenzie Investments

Vanguard weds the two biggest trends in ETFs

Vanguard’s head of product tells WP how his new fund combines the two overarching trends in ETF investing

Examining a key private-equity claim

Analysis suggests that returns from PE investing are not as divorced from public markets as proponents claim

'Expect a cut from the BoC later this year'

Leading analyst and advisor agree that a cut is coming but think different metrics will drive that decision

World’s largest firms stalling on sustainability disclosure

Analysis of over 6,000 companies across 49 exchanges points to need for regulatory mandate