Current Practices for Risk Profiling in Canada And Review of Global Best Practices

The first issue faced in the project was the confusion of terms. Is risk tolerance the same as ‘risk profile’? Does it include sub-factors like capacity and perception? The inconsistency of terminology was evident with every stakeholder – regulators, solution providers, academics, advisors and firms, all of whom used many terms interchangeably or combined multiple sub-factors into a single term. This is not surprising since the understanding of contributing factors in this field has and continues to change
dramatically. The scope of this project was to look at the process up to and including the determination of a client’s ‘risk profile’. We did not examine the methods by which the risk profile is then used to map to suitable types of portfolios or products, or how products are risk rated.

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Seeking More Guidance, Self-Directed Investors Turn to Robots

As many current self-directed investors show a strong interest in receiving more guidance from their firms, robo-advisors may provide a viable, low-cost alternative to going it alone or working with a traditional full-service advisor, according to the J.D. Power 2016 Canadian Self-Directed Investor Satisfaction Study, SM released today.

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Enbridge Inc. Buys Texas-based Spectra Energy Corp.

Under the terms of the Transaction, Spectra Energy shareholders will receive 0.984 shares of the combined company for each share of Spectra Energy common stock they own. The consideration to be received by Spectra Energy shareholders is valued at US$40.33 per Spectra Energy share, based on the closing price of Enbridge common shares on September 2, 2016, representing an
approximate 11.5 percent premium to the closing price of Spectra Energy common stock on September 2, 2016. Upon completion of the Transaction, Enbridge shareholders are expected to own approximately 57% of the combined company and Spectra Energy shareholders are expected to own approximately 43%.

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