Newsmakers: Geoff Newton and Meghan Meger of BMO Private Wealth say clients are less interested in spreading their business over several institutions
Profit Survey: Only one firm raised its dividend amid increasing concern about the economy
Regulators on alert as interest rates rise and markets are volatile
The Tax-Free First Home Savings Account offers a high degree of flexibility for prospective homebuyers
Industry groups and investor advocates are divided on timelines and scope
Some advisors have moved from DSCs to seg funds with chargebacks
The Canadian financial industry will be juggling two major infrastructure projects over the next two years
Proposals from the SEC and ISSB go further than the CSA’s
The 45 firms in the Profit Survey saw their net income decline, on average, by 1% year over year
Helping the industry establish sustainable investment standards is crucial, says Patricia Fletcher
RFRA, RRA and RRC are the latest approved designations
Investor advocates want even stricter rules, but industry groups raise concerns about timing and jurisdiction
Research finds narcissists take more risks and deliver lower returns
Nonetheless, the budget proposal would provide clarity to the Canada Revenue Agency
Responsible investing can mean avoiding fossil fuels, or it can mean investing in and engaging with energy companies
New benchmarks measure companies’ environmental and social responsibility in the real estate sector
Screens would have excluded Russian sovereigns and avoided losses
Investors now have access to more than 200 ESG funds
Segregated fund families: Swing from value to growth helped some fund families while hindering several large firms
Four years after Scotiabank acquired MD Financial, banks and indies still compete for physicians
Client AUM is up by 55% since the pandemic began
But the banks say that climate-related shareholder proposals limit their options for achieving net-zero commitments
Bill would alter balance between legislature and the OSC
Profit Survey: Eleven firms increased their dividends in the latest quarter
Newsmaker: New head of iShares Canada says her firm is using sustainability data to inform investment decisions