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How Manulife Securities-Fidelity deal signals a larger trend
© Lenetsnikolai / 123RF Stock Photo A technology deal between Manulife Securities and Fidelity Clearing Canada is part of a growing trend toward back-office systems that can support multiple dealer...
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Fintech in focus: Conquest Planning
Every month, Advisor.ca looks at a fintech platform that’s working with wealth management firms. Company: Winnipeg-based Conquest Planning Inc. CEO: Mark Evans, who was the CEO (from 1990 through...
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Data breach exposed Mackenzie clients’ personal data but not holdings, firm says
Some Mackenzie Investments clients had personal information — but not holdings or account balances — revealed to hackers in a cyber breach earlier this year, the firm said Tuesday. In January,...
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Central banks to dominate a digital financial world, Moody’s says
© macrovector / iStockphoto As the Bank of Canada consults on a digital loonie, a report from Moody’s Investors Service sees central bank-issued currencies prevailing in a world of digital money. On...
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Small, straightforward tech solutions can have big payoffs, OSC TestLab finds
iStock The tech industry often promises revolutions, but sometimes it’s the modest wins that provide the biggest bang for the buck, according to a report from the Ontario Securities Commission (OSC)....
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Fintech in focus: PureFacts Financial Solutions Inc.
Kheng Ho Toh / 123RF Stock Photo Every month, Advisor.ca looks at a fintech platform that’s working with wealth management firms. Company: PureFacts Financial Solutions Inc., a wealthtech provider...
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Should advisors be afraid of AI?
When you think of AI, do you think of Alexa, Siri and Rosie, the helpful robot from The Jetsons? Or do you think of Skynet taking over the world, like in the Terminator movies? Regardless, artificial...
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The slow work of converting social media followers to clients
Between online trolls and wary compliance officers, social media can be an intimidating space for financial advisors. As with exercising, the best plan is the one you’ll stick to, said Mark McGrath, a...
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AI tools for financial advisors are already here
iStockphoto Advisors’ work has changed significantly over the last two decades, with digitalization reducing paperwork and the need for support staff, leaving time to serve more clients. But that...
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What’s new in fintech?
iStock/Valery Brozhinsky Financial advisors are using new technology to enhance their services and improve operational efficiency. Here are recent fintech developments in wealth management. FusionIQ...
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Why passphrases aren’t enough to keep clients safe
iStock/Thitichaya Yajampa As artificial intelligence becomes more robust, financial advisors need a method to verify a client’s identity for every transaction that doesn’t happen in person. Advisors...
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How financial advisors should respond to cyberattacks
AdobeStock/Danny Nicholas Yuzwin started his own practice, NPY Wealth Management in Mississauga, Ont., in 2016 after working in the credit union system for over a decade. That same year, his personal...
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Fintech news: Firms partner up to bolster wealth management services
iStockphoto/funtap Toronto-based wealth management compliance advisory firm North Star Consultants and digital wealth management platform developer FusionIQ Canada became referral partners in...
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Italian financial software firm buys Nest Wealth
iStock / Nespix Italian financial software company Objectway acquired 100% of Toronto-based fintech company Nest Wealth, including shares previously owned by National Bank of Canada, as the...
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Fintech roundup: Advisor introduces new software to manage charitable giving
AdobeStock / Looker Studio Toronto-based PhilanthPro Solutions launched new financial planning software designed to help donors plan their giving. Founded by Nicholas Palahnuk, investment advisor and...
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What’s next for proposed class actions arising from last year’s data breach?
iStock/Matejmo KEY TAKEAWAYS Overlapping class actions originating in different jurisdictions are challenging to address, given that class actions are regulated provincially A common way forward is...
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How financial planning software companies are prepping for June 25
iStock / Payphoto Some of Aravind Sithamparapillai’s clients are doctors affected by the proposed two-thirds capital gains inclusion rate announced in the 2024 federal budget. But Conquest Planning,...
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Ready on camera one?
iStock / Ljubaphoto Ben Felix, portfolio manager and head of research with PWL Capital Inc. in Ottawa, adjusts his microphone and leans a little closer to his webcam. Like many in the financial...
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Think twice before clicking that link
AdobeStock/Maksim Shmeljov Noah Billick remembers the time a financial advisor accidentally sent $120,000 of a client’s money to a cybercriminal. It was RRSP season, and everyone was busy, said...
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Financial planning app launches behavioural feature to help with goals
iStock / Funtap Personal financial planning app Neontra recently launched a behavioural engineering feature that nudges users to stick to their financial goals. The app is designed to complement...
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