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This article appears in the March 2021 issue of Advisor’s Edge
Early in the pandemic, an aphorism from the last financial crisis gained new life and was soon being applied to problems from business supply chains to reshaping major economies.
“Never allow a good crisis to go to waste,” said Barack Obama’s then chief of staff, Rahm Emanuel, in 2009. He repeated the line in March 2020, and others have followed.
Advisory firms, asset managers and regulators have all been examining their responses to pandemic lockdowns that upended traditional business practices. Many are finding silver linings in how they quickly executed changes that might otherwise have taken years.
One of the top investment advisory firms in Canada has opened its doors in Prince Albert with a local resident at the helm.
Cole Kachur, Vice President and Portfolio Manager of Wellington-Altus Private Wealth and head of the Kachur Wealth Group opened a secondary office in the Gateway City to take advantage of the opportunities within the market he was born and raised in.
“From a wealth management perspective, Prince Albert is very underserviced and there are a lot of investors paying significantly too much in fees for below average returns and service,” Kachur said. “Over the past decade, my team and I have received nation-wide recognition for the outstanding work we do for our clients. I’m excited to expand our presence in PA and to provide industry leading advice to the great people of Prince Albert and area.”
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Rudy Mezzetta
The Ontario government has yet to indicate who it will select to lead the Ontario Securities Commission on a permanent basis, even as the end of the acting chair and CEO’s term approaches.
Grant Vingoe has led the provincial regulator since April, stepping in for Maureen Jensen, who announced her resignation as chair and CEO in January of last year. The government named Vingoe, a vice-chair at the OSC, as chair for a one-year term that expires April 15.
In a statement, the Ontario Ministry of Finance referred
Investment Executive to the selection process but didn’t comment on when the government would appoint a permanent chair.