On the heels of the results from the annual Globe and Mail Canadian Discount Brokerage rankings, the 2012 Morningstar Canadian Investment Awards were handed out on November 28th and included a “Best Discount Brokerage” category.  While not nearly as well known as the J.D. Power and Associates award for Investor Satisfaction, the Morningstar Awards offer […]

Canadian discount brokerages seem to be busy in their workshops planning what to unveil for next year.  Many of the major financial institutions have their financial year end at October 31st which means they’re setting budgets and planning marketing campaigns for 2013.  Because of the upcoming Globe and Mail discount brokerage rankings due out next […]

The big news from the Canadian discount brokerage industry this week was the huge announcement that OptionsXpress will no longer be available in Canada.  Virtual Brokers will be acquiring all of the OptionsXpress Canada accounts as of December 1st pending regulatory approval. This now narrows the number of Canadian discount brokerages that provide a powerful […]

Discount Brokerage Weekly Roundup There were a couple of really big events that took place this past week including the impact of Hurricane Sandy, TD Waterhouse Discount Brokerage’s Direct Investing Expo and Tyler Bollhorn’s soft launch of his new book, “The Mindless Investor”.  Also November is Financial Literacy Month, be sure to pay extra attention […]

Discount Brokerage Weekly Roundup This week provided an interesting lesson in activity fees handed out to one RBC Direct Investing client, covered via Global News here.  If you’ve got an account open that you’ve forgotten about, you may want to look closely at what you’re being charged by keeping the account open (you can check […]

Discount Brokerage Weekly Roundup From the Canadian discount brokerages, this past week saw the launch of a new contest by Questrade  called “Ring the bell with Questrade”.  Winners of the contest will get to ring the opening bell at the NASDAQ MarketSite and round trip airfare to New York City, three nights’ accommodation and $500 […]

Discount Brokerage Weekly Roundup This week, the Canadian discount brokerage industry saw another member announce that it will move its clearing and settlement services in-house.  Virtual Brokers, a division of BBS Securities, announced that they will no longer be using Penson Financial Services Canada to take care of “back office” operations, such as trade clearing […]

Discount Brokerage Weekly Roundup: As we roll into October, the Canadian discount brokerage industry continues to show signs of competitive evolution.   First, the huge news released earlier this week that Questrade will transition into clearing its own trades via an in-house clearing division (currently pending regulatory approval).  By replacing their current clearing agent (Penson Financial […]

Discount Brokerage Weekly roundup: This week, we learned of a couple of major developments in the Canadian discount brokerage marketplace that  are likely to reshape the competitive landscape.  First, the major news that optionsXpress Canada is putting a hold on opening new Canadian accounts.  We found out from optionsXpress that out that for now this […]

Discount Brokerage Weekly roundup: The big news this week in the world of Canadian online discount brokerages was the release of the 2012 JD Power & Associates Canadian Discount Brokerage Investor Satisfaction Survey results.  With Disnat coming out on top, followed by BMO Investorline and National Bank Direct Brokerage, the survey showed that while Canadian […]