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  • March, 2015 | IIAC
    it launched Since then she has worked on a dizzying array of projects including capital market improvements red tape reduction the awarding of Diamond Jubilee medals taxes and of course most recently spearheading cross industry efforts to implement CRM1 and CRM2 Here is part of an email sent to Barb s colleagues by Ian Russell IIAC President and CEO We will all miss Barb s energy wit intelligence and Continue reading Tagged Barb Amsden CRM2 Comments Off on Thank You for Seven Great Years Barb Amsden Proof Positive that a Picture Says a Thousand Words Proof Positive that a Picture Says a Thousand Words From the International Monetary Fund Outstanding Credit by Member Comments Off on Proof Positive that a Picture Says a Thousand Words Register Now Free IIAC Members Only CRM2 Event Register Now Free IIAC Members Only CRM2 Event Implementing CRM2 Traps and the Tips and Tools to Avoid Them Date Tuesday March 31 2015 Time 1 00 4 00 p m ET with networking reception to follow Location Outside of Toronto via Webex shared settings in other locations are being organized and details will be made available shortly In Toronto Scotia Plaza40 King Street West Toronto44th Floor Elliot Room Sponsored by Broadridge and Hosted by Borden Ladner Gervais LLP BLG Who should attend Senior executives from small and mid size firms and key staff at larger firms who must stay on top of all key aspects of these major strategic changes Continue reading Tagged CRM2 IIAC Events Comments Off on Register Now Free IIAC Members Only CRM2 Event Political Leaders as Brands What do Voters See Political Leaders as Brands What do Voters See From Abacus Data Abacus is certainly changing the way polling is conducted in Canada Rather than asking the usual If an election were held tomorrow who would you vote for Abacus is challenging Canadians to ascribe emotional and intellection qualities to our three federal leaders In its latest national poll survey respondents were asked to consider a series of choices of words or thoughts and then assign them in order to the leaders Here are the findings in alphabetical order Stephen Harper His strongest attributes were experienced and serious More than 70 associated these thoughts with Continue reading Tagged Federal election Polling Comments Off on Political Leaders as Brands What do Voters See This Week in Financial History This Week in Financial History For the week of March 16 March 16 1967 Quebec raises its provincial sales taxes from 6 to 8 to supplement family allowances This becomes the highest sales tax in Canada 1977 Quebec Finance Minister Jacques Parizeau abolishes the province s Anti Inflation Board 1990 Prime Minister Brian Mulroney signs 10 bilateral agreements with Mexico and discusses free trade with President Carlos Salinas de Gortari March 17 1577 Martin Frobisher gets a commission from the Cathay Company to hunt for gold in the Arctic He later returns with tons of worthless pyrites which are dumped as Continue reading Tagged This

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  • February, 2015 | IIAC
    2007 to 2009 when 1 86 million Canadians took out RRSP cash early That figure dipped slightly by 2012 to 1 82 across Canada but remains about 7 per cent above 2007 levels nationally 12 per cent above 2007 levels in Quebec and almost 10 per cent above in comparatively wealthy Alberta These infographics tell the story Although it isn t Continue reading Tagged Industry info Comments Off on It s True More Canadians are Cashing in their RRSPs Early This Week in Financial History This Week in Financial History For the week of February 23 2015 February 23 1855 Parliament grants a 900 000 loan guarantee to Grand Trunk Railroad and as a result flushes the Canadian economy with cash 1995 Less than four years after it broke the 3000 mark the Dow Jones Industrial Average closes above 4000 for the first time finishing the day at 4003 33 The Wall Street Journal declares the next day Stocks Cross 4000 for the First Time But the Visit There May Be Brief and warns that a correction is now inevitable February 24 1869 The Morrill Tariff Act which raised Continue reading Tagged This Week in Financial History Comments Off on This Week in Financial History 10 Insane Things Wall Streeters Believe 10 Insane Things Wall Streeters Believe According to The Big Picture s Barry Ritholtz there are 10 insane things that people working on Wall Street accept as gospel As always Mr Ritholtz is short sweet and to the point It s a fun read for a Friday He says To outsiders Wall Street is a manic dangerous and ridiculous republic unto itself a sort of bizarro world where nothing adds up and common sense is virtually inapplicable Consider the following insane things that we believe on Wall Street that make no sense whatsoever in the real world Falling gas and home heating prices are a Continue reading Tagged Good to know Comments Off on 10 Insane Things Wall Streeters Believe IIAC Ontario Government Must Address Important Questions Before Introducing ORPP IIAC Ontario Government Must Address Important Questions Before Introducing ORPP In a response to the Ontario government s Consultation Paper on the proposed Ontario Retirement Pension Plan ORPP the IIAC expressed disappointment at the haste in moving forward with the ORPP prior to the government s assessment and response to key questions raised in the IIAC s submission In particular if existing savings plans for employees such as group RRSPs are not deemed to be comparable plans to the ORPP the result will be reduced flexibility and choice for employers and employees and an overall weakening of the Ontario financial services sector a negative economic impact that will be felt Continue reading Tagged Andrea Taylor ORPP Comments Off on IIAC Ontario Government Must Address Important Questions Before Introducing ORPP Canadian Business Largest Layoffs in Canadian History Canadian Business Largest Layoffs in Canadian History With Target s inglorious exit from Canada still making headlines apparently the liquidation sale isn t

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  • January, 2015 | IIAC
    rank in 17th and 20th place Continue reading Tagged Good to know Comments Off on Bloomberg Innovation Index This Week in Financial History This Week in Financial History For the week of January 26th January 26 1988 CIBC buys 65 of Wood Gundy for 190 million mostly in shares January 27 1938 After a protracted war with the new U S Securities and Exchange Commission the New York Stock Exchange finally recommends an internal reorganization that will install a board of governors a salaried independent president and a specialized administrative staff Previously the Exchange had functioned as a private gentleman s club with conduct enforced mainly by unspoken codes of honour and a pro bono president chosen from among his fellow brokers January 27 1965 Less than a year after Continue reading Tagged This week Comments Off on This Week in Financial History Canadian Securities Administrators CSA Approves IIROC 2015 and 2016 CRM2 Rules Book Cost Outstanding Canadian Securities Administrators CSA Approves IIROC 2015 and 2016 CRM2 Rules Book Cost Outstanding On January 19 2015 IIROC announced that the CSA had approved IIROC 2015 and 2016 CRM2 rules IIROC dealers had already implemented 2014 CRM2 requirements worked extensively on 2015 and 2016 implementation and done as much of the analytical work as possible for CRM2 components where significant uncertainty remained but major development work for 2015 couldn t be planned further without final CRM2 rules This delay compressed the two years the CSA had allotted for July 15 2015 CRM2 rule implementation to less than six months This is a time compression of 75 The final rules are good news Questions regarding Continue reading Tagged Barb Amsden CRM2 Comments Off on Canadian Securities Administrators CSA Approves IIROC 2015 and 2016 CRM2 Rules Book Cost Outstanding Free Cybersecurity Webinar Free Cybersecurity Webinar Where in the World is your Data Presented by NPC The IIAC is working with members and industry experts to develop various tools and resources to assist Member firms with their cybersecurity preparedness and to highlight some existing helpful sources of information To this end IIAC members are invited to register for a complimentary webinar hosted by NPC on February 12 2015 titled Where in the world is your data Data protection in the age of device independence and the Cloud For details and registration click here This webinar Continue reading Tagged Cybersecurity Events Susan Copland Comments Off on Free Cybersecurity Webinar The Activist Investor Scorecard The Activist Investor Scorecard With thanks to The New York Times here s an activist investor scorecard for some of the most well known in the industry at least in the U S According to the scorecard s creators William Alden Michael J de la Merced and Jennifer Daniel The activist investors of Wall Street who often buy stakes in companies and lobby for change are an increasingly powerful force Sometimes these investors achieve nearly all their goals like shaking up a board and sometimes they earn huge profits Other times they achieve

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  • December, 2014 | IIAC
    Off on On this Day in History IE IIAC steps up lobbying to delay CRM2 IE IIAC steps up lobbying to delay CRM2 The following article which was written by James Langton and appears today on Investment Executive com outlines why the IIAC is urging the Canadian Securities Administrators CSA to agree to an extension of the CRM2 implementation deadline The Investment Industry Association of Canada IIAC is stepping up its push for an extension to the final implementation of certain reporting requirements under the Client Relationship Model CRM2 In a letter to Bill Rice chairman of the Canadian Securities Administrators CSA and chairman and CEO of the Alberta Securities Commission ASC the IIAC sets out its case for pushing back the deadline Continue reading Tagged Barb Amsden CRM2 Comments Off on IE IIAC steps up lobbying to delay CRM2 Season s Greeting from the IIAC Season s Greeting from the IIAC Comments Off on Season s Greeting from the IIAC StreetBeat s Top Ten in 2014 StreetBeat s Top Ten in 2014 L aunched in March 2014 StreetBeat not only serves up IIAC and industry news it also provides historical perspectives relevant to capital markets and top ten lists on everything from Twitter feeds to Canada s top jobs in finance Considering the popularity of two top ten lists in particular we decided to provide the most popular StreetBeat entries of the year They are 10 Flash Boys Why What Happened in the U S Didn t Happen Here an industry letter from Ian Russell IIAC President and CEO June 2nd 9Trading Before the Days of Broadband and Teleregister a visual history illustrating Continue reading Tagged Throwback Thursday Comments Off on StreetBeat s Top Ten in 2014 What are Investment Industry CEOs Predicting for 2015 What are Investment Industry CEOs Predicting for 2015 Ian Russell IIAC President and CEO will be one of three keynote speakers at The Empire Club of Canada s Outlook Luncheon on Thursday January 8 2015 in Toronto Mr Russell will be unveiling the results of the third annual IIAC Capital Markets Outlook A Survey of Canada s Investment Industry CEOs Where The Royal York Hotel Concert Hall When Thursday January 8 2015 Noon It s worth noting that the previous two survey results 2013 Outlook and 2014 Outlook have been remarkably accurate and as a result we re anticipating the same will hold true this time around Tickets Continue reading Tagged CEO Outlook Survey Events Ian Russell Comments Off on What are Investment Industry CEOs Predicting for 2015 Banks Continue to Battle Cybersecurity Challenges Banks Continue to Battle Cybersecurity Challenges CDW Financial Services has produced a compelling infographic regarding the challenges facing the financial services industry when it comes to cybersecurity In an effort to determine the extent of the threats CDW surveyed more than 150 U S bank managers familiar with cybersecurity issues Take a look at our latest infographic which debunks cybersecurity myths highlights vulnerabilities and provides an overview of best in

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  • November, 2014 | IIAC
    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 Continue reading Tagged Small business Comments Off on Centres of Higher Learning and SME Incubation 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 Tagged Cyber security IIAC Working Groups Susan Copland Comments Off on IIAC Seeks Member Firm Volunteers for Cyber Security Working Group 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 Comments Off on Maclean s 50 most important people in Canada 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 Tagged Laid back Friday Comments Off on It s Getting to be that Time of Year IIAC Time

    Original URL path: http://iiac.ca/2014/11/ (2016-02-14)
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  • October, 2014 | IIAC
    Graham and St Peter In Berkshire Hathaway s 1985 Letter to Shareholders Warren Buffett offered his thoughts on why professional investors create instability in financial markets What follows is an excerpt from his letter The full letter is available here Comments Off on Warren Buffett s Take on Professional Investors With Input from Ben Graham and St Peter On this Day On this Day On this the infamous anniversary of the October 29 1929 market crash History com has released this 2 25 minute video detailing the lead up and aftermath of this epic event By way of introduction On October 29 1929 Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day Billions of dollars were lost wiping out thousands of investors In the aftermath of Black Tuesday America and the rest of the industrialized world spiraled downward into the Great Depression 1929 39 the deepest and longest lasting economic downturn in the history Continue reading Comments Off on On this Day The Real Cost of Capital Gains Taxes The Real Cost of Capital Gains Taxes Capital gains taxes stifle investment discourage entrepreneurship and damage Canada s economy notes a new essay released today by the Fraser Institute While capital gains taxes raise a small amount of revenues for government they do so at considerable economic cost by reducing returns on investment which discourages private sector investment and entrepreneurship two things we need more of said Charles Lammam associate director of tax and fiscal policy at the Fraser Institute which released The Economic Costs of Capital Gains Taxes in Canada part of a Continue reading Comments Off on The Real Cost of Capital Gains Taxes Canada s Best Jobs in Finance Canada s Best Jobs in Finance In addition to its recent ranking of MBA schools see October 15th s post Canadian Business has also provided a list of the top 10 best jobs in finance and business Without further ado here they are The job title is followed by the 5 year wage growth Financial Administrator15 Senior Business Manager20 Real Estate and Financial Manager 1 Banking and Credit Manager27 Business Administrative Office24 Account Executive and Consultant10 Business Services Manager28 Financial Analyst10 Personal Financial Planner12 Financial Auditor and Accountant12 A bit about the methodology Comments Off on Canada s Best Jobs in Finance It s appropriate on this the last day of Small Business Week in Canada we take a look at the Canadian Federation of Independent Business CFIB annual ranking of Canada s best cities for starting and growing a business As the report correctly points out no city would be a city if not for entrepreneurs It s good news for Western Canada as seven of the ten are based there CFIB gives top billing to the communities around Calgary and Edmonton followed closely by Saskatoon The complete list includes 1 Calgary periphery 2 Edmonton periphery 3 Saskatoon 4 Regina 5 Kelowna Continue reading Tagged

    Original URL path: http://iiac.ca/2014/10/ (2016-02-14)
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  • September, 2014 | IIAC
    IRS have fraudulently solicited financial institutions seeking account holder identity and financial account information The IRS does not require financial institutions to provide specific account holder identity information or financial account information over the phone or by fax or email Further the IRS does not solicit FATCA registration passwords or similar confidential account access information Tax scams using the IRS name can take many forms and they are not Continue reading Tagged FATCA Industry info Comments Off on IRS Warns Financial Institutions of Scams Designed to Steal FATCA Related Account Data Throwback Thursday Throwback Thursday This entry is courtesy of Barry Ritholtz in September 2014 and LIFE Magazine in September 1958 LIFE Magazine highlights a strange new phenomenon The public is investing in the stock market as never before On the average LIFE reported 500 000 new customers a year have been getting into the market and 8 6 million Americans now own some kind of common or preferred stock To an extent which our founding fathers could never have foreseen we live today under a genuine people s capitalism in which the stock market has become everybody s business The Dow Jones Industrial Average is around 500 but a Continue reading Tagged Industry info Comments Off on Throwback Thursday IIAC on 2014 What s Happened and What s in Store IIAC on 2014 What s Happened and What s in Store Released this morning Ian Russell s latest Letter from the President is already generating a lot of attention In it Russell examines how Canada s investment dealers have fared so far in 2014 and what s in store for them through to the end of the year For the most part it s good news Highlights The first half of this year was marked by a solid rebound in industry wide revenue and profits Improved market and business conditions have enabled all industry groupings integrated firms retail boutiques and institutional boutiques to improve earnings performance Specific stats can be found on Continue reading Tagged Ian Russell Letter from the President Comments Off on IIAC on 2014 What s Happened and What s in Store The IIAC Launches Small and Independent Dealers Section on IIAC ca The IIAC Launches Small and Independent Dealers Section on IIAC ca A new go to resources section tailored to meet the unique needs of Small and Independent Dealers SAIDs In addition to the general business and regulatory pressures facing all IIAC members SAIDs are often subject to different or enhanced challenges specific to their niche Understanding the importance of this sector the IIAC expends considerable time and effort assisting firms operationally and advocating on their behalf For more information on the IIAC s SAID specific advocacy efforts and to access SAID specific tools stats resources publications media commentary and more please visit the new SAID section on iiac ca Tagged SAIDs Small dealers Comments Off on The IIAC Launches Small and Independent Dealers Section on IIAC ca Ontario Government RFP for Investment Dealer

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  • August, 2014 | IIAC
    on the ball in helping their advisors deal with the major regulatory changes that are taking place in the financial advisory business by providing information and training in what advisors will need to do More on this from Investment Executive s Catherine Harris Adapting a financial advisory business in order to comply with the various and constant changes taking place in the regulatory environment can be a trying task for many financial advisors But an advisor s firm can provide a lot of support in this Continue reading Comments Off on Investment Executive s 2014 Advisors Report Card The Industry s Bracing for Major Regulatory Changes IIAC s Industry Job Board IIAC s Industry Job Board Please visit the IIAC s Industry Job Board To post a job to the IIAC s Industry Job Board email the job description as a Word attachment or PDF to info iiac ca Posting on our Job Board is free of charge Please remember to include any relevant information such as the closing date and application instructions You will be notified by email once the job is posted For more information please contact us Comments Off on IIAC s Industry Job Board Ontario Government Issues RFP for Investment Dealer Services Ontario Government Issues RFP for Investment Dealer Services The IIAC has been notified that the Public Guardian and Trustee for Ontario OPGT recently issued the following Request for Proposal The Public Guardian and Trustee for Ontario OPGT requires the services of an investment dealer to manage the registered and other investment accounts of clients that must be held with an investment dealer Currently the OPGT has almost 12 000 clients with 5 600 of these clients holding approximately 7 000 accounts at investment dealers Scope of Work The OPGT requires the following services 1 Account servicing including Continue reading Tagged Ontario government RFP Comments Off on Ontario Government Issues RFP for Investment Dealer Services CFA Institute Claritas Program Scholarships for Media Now Available CFA Institute Claritas Program Scholarships for Media Now Available Do you know someone in the media who s interested in enhancing their knowledge of the investment industry If so you ll want to pass this along According to CFA Institute its Claritas Program offers a clear understanding of the global investment industry including the essentials of finance ethics and investment roles and responsibilities Media Scholarship Details Reduces the Claritas registration fee to US 300 from US 685 Available to qualified members of the media including reporters journalists and others who disseminate financial news data and education Includes the registration fee for one exam sitting and access to all study materials and tools Continue reading Tagged CFA Institute Claritas Program Media scholarships Comments Off on CFA Institute Claritas Program Scholarships for Media Now Available Ian Russell to Participate in IIROC s Annual Compliance Conference Ian Russell to Participate in IIROC s Annual Compliance Conference Ian Russell IIAC President and CEO will participate in a panel session at IIROC s Annual Compliance Conference

    Original URL path: http://iiac.ca/2014/08/ (2016-02-14)
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