Monthly Archives: November 2014

IIAC Member Firms’ Key Industry Issues

IIAC Member Firms’ Key Industry Issues

The IIAC recently conducted a survey of its member firms – respondents included C-Suites and Committee and Working Groups members – on a wide range of topics relevant to Canada’s investment industry and capital markets.  One of the questions asked participants to rank the industry’s key issues in order of importance. 

Here are the top five:

Know your client and suitability Client Relationship Model Multiple marketplace regulation Cross-border issues (e.g. FINRA rules) U.S./International tax reporting

The IIAC’s positions and advocacy efforts on these and other important issues can be found here.

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Trade Agreement With EU Offers Big Opportunities for Canada – and the Investment Industry

Trade Agreement With EU Offers Big Opportunities for Canada – and the Investment Industry

In his latest Letter from the President, the head of the IIAC, Ian Russell, outlines the potential benefits of CETA to Canada’s economy and investment dealers, in particular. 

Russell notes, “The expected increase in direct investment flows into Canada, and the expansion of export markets into Europe will benefit the Canadian investment industry.”  He offers the following rationale: 

European business will look to Canadian dealers to identify potential acquisitions in the Canadian corporate sector and finance their purchase and expansion.  

The investment banking operations of the mid-tier boutiques will find similar investment banking opportunities with mandates to identify … Continue reading

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Centres of Higher Learning and SME Incubation

Centres of Higher Learning and SME Incubation

According to Statistics Canada, small- and medium-sized enterprises (SMEs) with fewer than 500 employees account for 54.2% of Canada’s gross domestic product (GDP).

Further, data from the Canadian Federation of Independent Business (CFIB) cites that 85% of net job creation in the first two years of the previous three post-recession recoveries has come from SMEs.

Clearly, the health of our SMEs is of critical importance to Canada’s economic growth.  For this reason, the IIAC supports Canadian centres of higher learning which have programs in place to support, incubate and accelerate entrepreneurial vision, innovation and excellence. 

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IIAC Seeks Member Firm Volunteers for Cyber Security Working Group

IIAC Seeks Member Firm Volunteers for Cyber Security Working Group

The issue of cyber security is front and centre as a major concern for Canada’s investment industry.

Given the value and the sensitivity of data held by firms, the investment industry is a prime target of cyber criminals.

IIAC member firms’ level of cyber security and preparedness for an incident varies widely. With the interconnectedness of the systems and common service providers, this leaves the industry exposed for an incident that could have a significant impact on firms, clients and the industry reputation.

Recognizing the individual approach that has been taken by firms, and that not all firms possess the resources to … Continue reading

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Maclean’s 50 most important people in Canada

Maclean’s 50 most important people in Canada

Maclean’s just unveiled its list of the 50 most powerful people in Canada. It’s an intriguing list, to put it mildly. 

There’s the usual cast – politicians (lots of them) and their key advisors, and corporate power brokers – along with a few surprises. Of note, three of the top five are women.

Here’s part of the intro on Maclean’s.ca:

On this year’s Power List—the second annual compilation by Maclean’s writers and editors of this unapologetically subjective ranking—we highlight the clout of the top Mountie, who will soon be handed new anti-terrorism powers, and two … Continue reading

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It’s Getting to be that Time of Year

It’s Getting to be that Time of Year

Gifts that are Sure to Say Thank You

 

 

 

 

 

 

 

 

Investment Executive’s Clare O’Hara has put together a list of 10 gifts that are sure to let clients know they’re appreciated. Regardless of whether your client is a foodie or tech-savy, Clare has hit all the right notes.  Her slideshow list is available here.

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IIAC: Time to end CSI monopoly

IIAC: Time to end CSI monopoly

In a response dated November 17, 2014, the IIAC provided input on our member firms’ experiences with the current proficiency model in Canada and suggested improvements as IIROC considers the existing system and possible alternative arrangements.

It’s the IIAC’s position that competition drives innovation and efficiency, and the current proficiency assurance model, with its exclusive reliance on the Canadian Securities Institute, is not providing value relative to its costs nor is it offering the highest quality of education. 

As such, the IIAC has recommended a model that will provide greater choice and access with respect to education and … Continue reading

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Warren Buffett’s Top 25 Stocks

Warren Buffett’s Top 25 Stocks

It’s hard to argue with success.  So TheStreet.com decided to put together a list of Warren Buffet’s top 25 holdings.  As of September 30, 2014, here are the top 10:

1.Wells Fargo & Company (WFC)Value of Holdings: $24.04 billion Portfolio Weighting as of 9/30/2014: 22.3%

2.The Coca-Cola Company (KO)Value of Holdings: $17.06 billion Portfolio Weighting as of 9/30/2014: 15.8%

 3.International Business Machines Corp. (IBM)Value of Holdings: $13.38 billion Portfolio Weighting as of 9/30/2014: 12.4%

 4.American Express Company (AXP)Value of Holdings: $13.27 billion Portfolio Weighting as of 9/30/2014: 12.3%

 5.Wal-Mart Stores, Inc. (WMT)Value of Holdings: … Continue reading

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The Greatest Canadian Investor of all Time is…?

The Greatest Canadian Investor of all Time is…?

Over the next few months Wealth Professional will be asking financial advisors to identify who, in their view, should hold the mantel of Canada’s Greatest Investor.

As they put it:  

Three names quickly come to mind: Paul Desmarais, Stephen Jarislowsky and Prem Watsa. But clearly there are many others. Each week we’ll ask a single advisor to give us three names (living or dead) they feel are worthy of this recognition. Some might already be in the IIAC Investment Industry Hall of Fame.

The poll is available here.

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Compare growth and innovation levels across the globe by using BlackRock Institute’s interactive infographic.  You can view individual countries using different metrics (venture capital, GDP growth, innovation, technology, etc.) and then compare them against other nations.

The graphic above shows Canada vs. the United States on the availability of venture capital.

You can check it out here.

Sources: BlackRock Investment Institute, IMF, World Economic Forum Global Competitiveness Report 2014-15 and MSCI.

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