Tag Archives: industry trends

Why fewer companies are listing? (IIAC Blog)

Why fewer companies are listing? (IIAC Blog)

I appeared on Business In Vancouver Radio to discuss the factors that have contributed to fewer companies going public, a trend occurring in Canada, the U.S., and Europe.

The high costs associated with listing on the exchanges and meeting ongoing reporting issuer responsibilities (i.e. disclosure and corporate governance requirements) are keeping many companies from tapping the public markets. Coupled with this, regulatory changes in the various jurisdictions have made it easier for companies to go private. Also, private equity firms are playing a larger role in the market, providing financing, and in the M&A space, buying out … Continue reading

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BNN Interview: Recent Trends and Outlook for the Investment Industry (IIAC Blog)

BNN Interview: Recent Trends and Outlook for the Investment Industry (IIAC Blog)

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The Investment Industry at Mid-Year (IIAC Blog)

The Investment Industry at Mid-Year (IIAC Blog)

My September 2017 Letter from the President provides an overview of recent performance in the investment industry, highlighting developing business trends, the challenges faced by large and small investment dealers, and the outlook for the mainline businesses and firm groupings. 

Click here to read it.

 

 

 

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2017 Investment Industry Trends (IIAC Blog)

2017 Investment Industry Trends (IIAC Blog)

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Attracting Capital to the Wealth Management Business (IIAC Blog)

Attracting Capital to the Wealth Management Business (IIAC Blog)

My latest Letter from the President describes the opportunities and challenges for the retail investment industry. While we estimate about 30 retail boutiques lost money, on a net basis, in each of the last four years, it is important to stress that many small and mid-sized firms have been profitable.

Firms have made herculean efforts to control cost increases through staffing reductions, increased reliance on technology and out-sourcing, and adjustments to advisor compensation grids.

Firms have also focused efforts on improving advisor productivity through training and continuing education programs. They have boosted their competiveness by providing … Continue reading

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The Changing Landscape of the Investment Industry (IIAC Blog)

The Changing Landscape of the Investment Industry (IIAC Blog)

Following two years of back-to-back earnings gains, overall operating profit for Canada’s investment industry declined 13% year-over-year in 2015. Both revenue and profit improved for the industry as a whole in the first quarter of 2016.

Aggregate numbers do not tell the whole story. A tsunami of change continues to batter Canada’s investment industry.

Fixed costs escalate relentlessly to meet the technology and systems demands of front and back office.

Regulatory reforms not necessarily efficient as cost/compliance dimension not scoped out beforehand through cost-benefit analysis.

Larger firms like RJO FuturesContinue reading

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