TD Waterhouse pays $2M fine Aug 1, 2008
Brokerage TD Waterhouse Canada has agreed to pay a fine of $2-million as part of a settlement with regulators over the sale of hedge funds to clients who weren't qualified to own them ... TD Waterhouse added training programs and internal controls, and fined or otherwise disciplined three brokers who sold Olympus funds to clients who were not deemed to have the required level of investment sophistication ... An investigation into TD Waterhouse was started by IIROC's predecessor, the Investment... (Financial Post)
E*Trade deal will leave big shoes to fill Jul 22, 2008
Today, industry leader TD Waterhouse charges a flat $9. 99 per trade if you have $100,000 in total assets at the firm, while BMO InvestorLine, RBC Direct Investing and Qtrade Investor charge $9. (Globe and Mail -- Technology)
Advice to a niece: Oprah's address gets it mostly right Jun 21, 2008
It's a truism that I heard most poignantly expressed by Patricia Lovett-Reid, vice-president of TD Waterhouse, who has made it her mission to offer advice to women on financial matters. Have fun and enjoy your money, but don't spend it all. (Globe and Mail)
With online trading, it pays to shop around Jun 9, 2008
Very quickly, heavyweights like BMO InvestorLine, RBC Direct Investing and industry leader TD Waterhouse began to offer sub-$10 trades for clients with a total of $100,000 in assets. Note: The gap between online commissions and those for trades placed by telephone with a live agent are growing ever larger. (Globe and Mail -- Technology)
Canadian dollar ends lower on US economy concern Jun 7, 2008
"Because of the suspect nature the jobs data it's not going to have an impact on what the Bank of Canada does on Tuesday and that's why you didn't quite get the bond market volatility," said Sheldon Dong, fixed income analyst at TD Waterhouse Private Investment. A Reuters poll taken after the jobs data showed all 12 primary dealers expect the Bank of Canada to lower its key overnight rate by 25 basis points to 2. (Reuters India)
Investing in the West Orange community May 29, 2008
As young college graduates, both men settled in West Orange County upon taking jobs with TD Waterhouse Investment Center in downtown Orlando. From assisting clients with fixed incomes to managing total investments worth more than 500 million, Honis and Krise said they were confident they had gained the skills and expertise to be successful at their own firm. (Winter Garden West Orange Times, FL)
Want to be a landlord? May 26, 2008
You better know what you're getting into," said Patricia Lovett-Reid, vice-president at TD Waterhouse. GOOD START First, find out if your municipality will even let you rent out your basement or other part of your home. "Depending on the municipal guidelines and the zoning, (cities are) going to be governed by each province. You have to adhere to them," said Lovett-Reid. She recommends the Canada Mortgage and Housing Corp. (CMHC) website as a good start. There are websites that can tell you... (Toronto Sun)
Feds Go After Stock Loan Scammers May 24, 2008
The investigation has targeted stock lending traders at A.G. Edwards, Kellner Dileo, Oppenheimer, Morgan Stanley, TD Waterhouse, Nomura Securities, PFPC Worldwide, Schonfeld Securities and Van der Moolen Specialists. "The schemes are illegal, the gains ill-gotten and the losses a threat to market stability and investor confidence," said Mark Mershon, assistant director of the FBI.. (Forbes -- Business)
Inflation first aid: Gold, oil and real estate May 5, 2008
Another thumbs-down for real-return bonds comes from Sheldon Dong, fixed income strategist at TD Waterhouse. He doesn't recommend them for retail investors because they behave like long-term bonds and thus have a tendency to be disturbingly volatile on a month-to-month basis. (Globe and Mail -- Business)
Nets not happy with long vacation Apr 18, 2008
"I haven't been away, just for myself, since my honeymoon in Hawaii," Carter said in the quiet, empty locker room at TD Waterhouse Center Wednesday night, after the Nets' season faded away. "I've been to Nike trips in Asia and Europe, but that was work. I saw Niagara Falls once: It was like, 'Okay, looks like my bathtub when it overflows ... what's next?' Flew over the Grand Canyon, looked like a big hole. "Nah, I'm going home to Orlando and staying home, like I always do. (NJ.com -- Sports)
Bank deal will mean more name dropping Mar 20, 2008
Another unit of TD Banknorth parent , discount brokerage TD Waterhouse, put its name on an Orlando arena from 1999 to 2006. Built adjacent to the site of the storied old Boston Garden, the new arena was originally to be known as the Shawmut Center. (Boston Globe)
Perks that make for happy employees Feb 23, 2008
The list goes on to embrace among other things a TD Visa card with interest rates as low as 5 per cent, a free chequing account and a self-directed RSP account at TD Waterhouse on which the annual management fee is waived. WORKERS GET ABOARD. (Globe and Mail -- Business)
Men think they need 59% more money than women to retire Feb 13, 2008
Thats one of several findings from the just-released TD Waterhouse 2008 RSP Investor poll ... TD Waterhouse senior vice president Patricia Lovett-Reid says investors should not confuse an RRSP with a retirement plan. (National Post)
Shareholders of Commerce Bancorp, Inc. approve proposed acquisition by TD Bank Financial Group Feb 7, 2008
TD Bank Financial Group serves more than 14 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking through TD Banknorth; and Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks among the world's leading on-line financial... (PR Newswire)
Sizing up your RRSP options Feb 2, 2008
BMO InvestorLine, Qtrade Investor, RBC Direct Investing and TD Waterhouse are just below $10 if you have $100,000 ... Watch out: Brokers that don't offer third-party GICs include Disnat, E*Trade, HSBC InvestDirect, National Bank Discount brokerage and TD Waterhouse ... If you don't mind investing exclusively in mutual funds, bonds and GICs until your account grows, you can open starter RRSP accounts at CIBC Investor's Edge, Credential Direct and TD Waterhouse that have annual admin fees of just... (Globe and Mail -- Business)
Warning to investors who spot value Jan 26, 2008
Its rival TD Waterhouse says retail trading volumes on Monday and Tuesday doubled and for every sell order there were two buy orders. It said the iShares FTSE 100 exchange traded fund, which replicates the blue-chip UK index and is a cheap, low-risk way to invest in the market, was among the most popular. (FT.com -- Markets)
Downturn has banks ready to cut costs Jan 24, 2008
The downturn in the market hurts some of our businesses directly TD Securities and TD Waterhouse, Mr. Clark wrote in the e-mail. The uncertainty in the market has hurt spreads in both Canada and the U.S., and impacts on deposit growth, he wrote. (Globe and Mail -- Business)
Pakistan blasts Dion for suggesting NATO role Jan 18, 2008
Friday, January 18, 2008. Jan 17, 2008 07:51 PM Joan Bryden THE CANADIAN PRESS. (Toronto Star)
TD Ameritrade reports 65 percent jump in first-quarter profit Jan 18, 2008
Ameritrade's acquisition of TD Waterhouse Group's U.S. retail securities business in January 2006 drove the increase in the company's asset-based revenue over the past two years. Ameritrade CEO Joe Moglia said the company's efforts to capture a larger share of its customers' wallets is starting to pay off. (San Diego Union-Tribune -- Business)
Hell might be hot, but it's also damn funny Jan 18, 2008
Friday, January 18, 2008. Jan 17, 2008 04:30 AM Pop Music Critic. (Toronto Star)
Don Jail guards fearful after racist threats Jan 18, 2008
Friday, January 18, 2008. RENE JOHNSTON/TORONTO STAR Hayton Morrison, a union spokesperson and guard at the Mimico jail, talks to reporters. (Toronto Star)
Mailbag: Progressive Field thoughts Jan 15, 2008
6 million, the good news here is that while Progressive Field isn't quite as catchy as Progressive Park (which was already under copyright elsewhere), it is worlds better than the M Stadiums and TD Waterhouse Arenas of the world. The question of an informal name has already been tossed around, and here are my two cents: "The Pro" sounds too haughty, "The Prog" too clunky, "The Sive" too porous, and "The P" too, well, lavatorial. (MLB.com -- Cleveland Indians)
Investors vent their ire over Javasky's giant Ivy fund Dec 20, 2007
"I applaud Jerry for sticking to his convictions, but common sense seems to have escaped him," wrote Brandon Moore, a financial planner with TD Waterhouse Financial Planning in Penticton, B.C. "His inability to capitalize on market change isn't what people who are paying for his services want to hear.". Lack of exposure to resource stocks is just one problem with Ivy Canadian, wrote Ken Hawkins, vice-president of research and development at Second Opinion Investor Services. (Globe and Mail -- Business)
2008: A year for caution, not panic Dec 18, 2007
"The biggest question facing investors at the moment is whether the five-year-old global bull market will see a sixth year, or whether the subprime lending crisis will tip the U.S. into recession and cause a bear market," Bob Gorman, chief portfolio strategist at TD Waterhouse, said in a press release yesterday. Mr. Gorman's answer to this question: Forget the recession and rack up a sixth year of market gains. (Globe and Mail -- Business)
TD Waterhouse says no recession in 2008 Dec 18, 2007
TD Waterhouse says investors need not worry that the economy will slide into recession or that the bear market will prevent markets from rising yet again in 2008. TD Waterhouse says positive factors will outweigh the negatives in the United States ... "The biggest question facing investors at the moment is whether the five-year-old global bull market will see a sixth year, or whether the sub-prime lending crisis will tip the U.S. into recession and cause a bear market," says Bob Gorman, chief... (National Post)
Raising the bar and turning heads Dec 10, 2007
The other three like the TD Waterhouse tower in which Torys resides, are really, she says, faux-Mies. In the redesign, though, she and Casey sought to bolster kinship with the originals on the north side of the street by instituting a Miesian material palette marble slab, dark walnut flooring as well as seeking to enhance the relationship between the client floor's interior space and the external surroundings. (Globe and Mail)
The Nutcracker Live in HD in 69 Cineplex Entertainment Theatres Across Canada on December 22 Nov 20, 2007
TD Waterhouse presents the Toronto presentation of The Nutcracker and Nutcracker Story Time. The National Ballet of Canada gratefully acknowledges Actra, Equity, IATSE, TMA and AFM.. (CCNMatthews Press Releases)
How to make the high loonie work in your portfolio Nov 3, 2007
One of the things I'm looking at doing now is simply moving Canadian money to the U.S., said Drew Abbott, vice-president and investment adviser at TD Waterhouse Private Investment Advice. While it's a moving target, Mr. Abbott said he expects the loonie to settle in the 95 cent to $1 range within the next 18 months. (Globe and Mail -- Business)
'Tis the season to start giving Nov 2, 2007
Charities themselves are becoming more strategic in their fundraising efforts, said Jo-Anne Ryan, vice-president of philanthropic advisory services for TD Waterhouse. They're focusing more on very long-term strategic gifts. (Globe and Mail)
Getting your feet wet Nov 1, 2007
TD Waterhouse Discount Brokerage, the country's largest, says it is seeing at least 100,000 new accounts opened every year ... The reasons for this shift to self-investment are simple enough, says Dann Kupiec, vice-president of service delivery at TD Waterhouse: savings on commissions, combined with a growing sophistication among investors ... " For those with the hankering to try their hand at online trading, the experts offer some basics on how the system works and a few words of advice. What... (Globe and Mail)
Safety checks for the online driver Nov 1, 2007
The TD Waterhouse Discount Brokerage senior manager is careful to point out that discount brokerages are not mandated to advise clients on their investment decisions, but TD Waterhouse, like all major brokerages, provide education relating to conditional orders on their websites ... TD Waterhouse, for example, offers what are called "trailing stop orders" allowing the price of the stop to move up with the stock and hold steady when it falls ... TD Waterhouse also offers dollar-cost-averaging... (Globe and Mail -- Technology)
Must be nimble, must be quick Nov 1, 2007
" The growing amount of helpful information provided by companies to their investors has minimized the advantage that large institutional players once had over ordinary retail investors, says John See, president of TD Waterhouse Discount Brokerage, a subsidiary of TD Waterhouse Canada Inc. in Toronto. Companies provide a plethora of electronic information, and that data is more user-friendly than ever before, he says. Lower transaction costs Mr. See notes that TD Waterhouse, which services more... (Globe and Mail -- Technology)
Canadian dollar's strength makes investing in U.S. more attractive Oct 25, 2007
Canadian companies with an Arizona presence include Air Canada, Bombardier Aerospace, the parent of Circle K, Imax Corp., Nortel, RBC Dain Rauscher and TD Waterhouse. Sources: Statistics Canada, CIA World Factbook, Canada Arizona Business Council. (AZCentral -- Business)
Online broker TD Ameritrade reports 56% rise in 4th-qtr profit on higher trading activity Oct 24, 2007
During the quarter, Ameritrade completed the integration of TD Waterhouse Group's U.S. retail securities business ... Chen said he believes account growth was hurt by the conversion of all the legacy TD Waterhouse customers to Ameritrade's trading platform in May. (San Diego Union-Tribune -- Business)
Clairvest ensnared in case of missing millions Oct 23, 2007
Merchant bank suing nightclub owners and former TD Waterhouse broker who face several counts of fraud and forgery ... The suit took a twist this month when Toronto police filed charges against three key players - Toronto nightclub owners John Cheong and Fred Bain; and Bulent Pakdil, a former broker at TD Waterhouse Canada ... Clairvest and Century have also sued three Toronto law firms involved in the loans and TD Waterhouse, alleging they violated their fiduciary duties. (Globe and Mail -- Business)
Online broker survey: Qtrade wins again Oct 6, 2007
E*Trade Canada, TD Waterhouse, BMO InvestorLine and Credential Direct filled out the other top spots. A total of 14 brokers were included in this year's ranking, including a pair of newcomers called Questrade and TradeFreedom. (Globe and Mail)
TD Bank proposes $8.5B bid for rival Oct 4, 2007
It also owns TD Waterhouse Canada and TD Waterhouse U.K.. TD Bank had about $404 billion in assets as of July 31. (Albany Times Union)
R. Kelly Drafts J. Holiday, Ne-Yo For Winter Tour Oct 4, 2007
(TD Waterhouse Arena)Dec. 29: Columbia, S.C (Colonial Center)Dec. (MediaWeek.com)
'If you fail to plan, you plan to fail' Oct 4, 2007
Patricia Lovett-Reid, senior vice-president of TD Waterhouse Inc. in Toronto, says one of the key questions she is asked "all the time" is, "How do I know I've got enough to see me through retirement living by my standards?". But retirement is not a "cookie-cutter, or one-size-fits-all" phenomenon, she notes. (Globe and Mail -- Business)
TD Bank to acquire Commerce Bancorp Oct 3, 2007
TD Bank owns TD Waterhouse Canada and TD Waterhouse U.K., along with a stake in TD Ameritrade. The deal would also mean New Jerseys largest homegrown bank would no longer be based in the state. (MSNBC -- International)
ETFs seeking out individual investors Oct 3, 2007
That is up from less than 2 percent in 2005, adjusting for its acquisition of TD Waterhouse last year. Another brokerage, ShareBuilder Corp., which specializes in automatic investment plans as well as catering to frequent traders, said ETFs represent about 23 percent of its overall account balances, up from 16 percent in 2004. (Anchorage Daily News)
Storming the old boys' barricade Oct 2, 2007
Another pioneer was TD Waterhouse, which began as TD Green Line and quickly began to expand its business through the acquisition of competitors such as Marathon Brokerage. Today, TD Waterhouse has far and away the largest market share among discount brokers, while Disnat has become a Quebec-focused player under the ownership of Groupe Desjardins. (Globe and Mail -- Business)
Bank dealers joining move to trades for less than $10 Oct 1, 2007
99 price that industry-leader TD Waterhouse started to offer Sept. 4 ... Peter Gribbin, senior vice-president at TD Waterhouse, said TD dominates online trading in Canada, holding more assets for clients than all other online and telephone brokers combined ... This came as a surprise to Gribbin, who would not reveal the percentage of clients at TD Waterhouse that qualifies for the cheaper prices. (Toronto Star)
Online brokers cut trading commissions for wider clientele Sep 30, 2007
TD Waterhouse Discount Brokerage earlier announcedrate cuts effective Sept. 4. For clients with at least $100,000 in assets, or who trade 30 to 149 times per quarter, TD's flat-rate trading commission dropped to $9. (CBC News)
Bell takeover means flurry of activity for investors Sep 22, 2007
"You have to donate the stock 'in kind' to a registered Canadian charity," said Jo-Anne Ryan, vice-president of philanthropic advisory services at TD Waterhouse. "If you sell and then give them the proceeds, you won't get the zero capital gains tax.". (Globe and Mail -- Business)
TD Ameritrade database hacked Sep 15, 2007
TD Waterhouse spokeswoman Lisa Hodgins said that the Canadian brokerage operates on a different system than TD Ameritrade ... TD Waterhouse clients can be assured that the safety and security of their client accounts and client information is a fundamental component of how we do business. (Globe and Mail -- Business)
MindShare Hires CMO Sep 14, 2007
Prior to joining J&J, Adelman led the emerging practice at Mediaedge:cia, a Mindshare sister company under GroupM. While there, he launched some of the industry's first interactive TV advertising tests with clients such as Sears, GSK and TD Waterhouse. He got his start in the industry doing media research at WPP agency Young & Rubicam. (MediaWeek.com)
Small Brokerages Say They Can Weather M&A Aug 27, 2007
After buying TD Waterhouse Group last year, Ameritrade Holding Corp. cut its commission by a dollar, to $9. 99 a trade. (American Banker)
Liquidity crunch hits T-bill market Aug 25, 2007
"There's still a lot of confusion and until that confusion eases up a bit, I just don't see that part of the market improving that much," said Sheldon Dong, vice-president of fixed-income strategy at TD Waterhouse Group Inc.. Search the News Search. (Globe and Mail)
TD AMERITRADE/E*TRADE deal still needs TD Dominions blessing; Schwabs deal appetite changing Aug 25, 2007
The same source said TD AMERITRADE and E*TRADE Financial had considered combining businesses since Ameritrade was purchased by TD Waterhouse in 2006 forming the TD AMERITRADE entity. He said recent pressure from first-tier banks who are now offering similar services, and day traders waiting for market volatility and uncertainty to subside, meant a lower numbers of trades per day which translated into lower revenues for online brokers. (FT.com -- Markets)
Forget easy pickings in the bond market Aug 25, 2007
A week ago, there were expectations of a Bank of Canada rate hike in September and no movement from the U.S. Federal Reserve, said Sheldon Dong, vice-president of fixed income strategy at the financial advisory arm of TD Waterhouse. Now, we're looking at no Bank of Canada rate hike and a rate cut in the U.S. next month. (Globe and Mail -- Business)
Clark's U.S. foray has more than one leg Aug 23, 2007
Mr. Clark worked on a possible merger of TD Waterhouse Group Inc. and E*Trade a few years ago, but the deal fell apart after the two sides could not agree on who would take key executive roles in the new company ... While Mr. Hecht predicted a merger could produce cost savings of 45 per cent, he noted that these sorts of synergies haven't produced the kind of earnings growth that investors were anticipating when TD Waterhouse and Ameritrade struck their agreement. (Globe and Mail -- Business)
E-Trade, Ameritrade Could Partner Up Aug 23, 2007
Ameritrade acquired TD Waterhouse in January 2006. E-Trade bought BrownCo and Harrisdirect in 2005. (Forbes)
Wary investors resist bond market allure Aug 21, 2007
"There's still some apprehension," said Sheldon Dong, vice-president of fixed-income strategy at TD Waterhouse, adding that the liquidity concerns that gripped markets last week "have not abated that much" despite moves by the U.S. Federal Reserve Board and Canadian lenders to ease pressures on the cash-strapped commercial paper market. The caution remained evident in bond markets yesterday, as investors continued to move money into short-term government Treasury bills, which Mr. Dong called... (Globe and Mail -- Business)
Bank of Canada greases market wheels Aug 18, 2007
"It will go a long way in helping calm things down," said Sheldon Dong, fixed income analyst at TD Waterhouse Private Investment. "The (U.S.) Fed did something similar last week when they injected cash into the system, they expanded the list of securities that were eligible for collateral too, so this is unusual, but it's not without precedent.". (Toronto Star)
US mortgage malaise spreads to low-risk lenders Aug 15, 2007
Peter Shippen, an analyst at TD Waterhouse in Toronto, said: "There's some risk that investors who want their money back could cause a second round of selling.". Special report. (Guardian Unlimited)
Online brokers are not immune to hackers Aug 14, 2007
Among the firms that offer them are TD Waterhouse, the country's largest online broker, RBC Direct Investing, E-Trade Canada and Qtrade Investor. Note: these guarantees are not bulletproof. (Globe and Mail -- Business)
TD had right to sell off client's stock, court rules Aug 2, 2007
TD Waterhouse Group Inc. was within its rights when, three separate times, it sold off hundreds of thousands of dollars worth of stocks held by 55-year-old Bruce Paciorka, a retired employee of Chrysler Corp. That was true even when the selloffs occurred before the deadline the brokerage had given him in a margin call, and even though his account still had more value than his loans, an Ontario Superior Court judge has ruled ... The court ruling means online discount brokerages can "pull the... (Globe and Mail)
TSX Venture Exchange Daily Bulletins for July 27, 2007 Jul 28, 2007
00 TD Waterhouse Canada Inc. will receive a finder's fee of $11,400. 00 Union Securities Ltd. will receive a finder's fee of $1,200. (CCNMatthews Press Releases)
TD Ameritrade Profit Climbs 14 Percent on Cost Reductions, Slower Growth Jul 20, 2007
Jana Partners LLC and SAC Capital Advisors LLC, hedge funds with an 8 percent stake in TD Ameritrade, have called for the company to merge with Charles Schwab Corp. or E*Trade Financial Corp. TD Ameritrade Chief Executive Officer Joseph Moglia, who slashed more than $300 million in costs following the company's 2006 purchase of TD Waterhouse USA, says he needs to spend an additional $100 million a year to spur growth ... 2 million legacy TD Waterhouse customers to TD Ameritrade's... (Bloomberg -- Canada)
TD Ameritrade continues to resist merger pressure Jul 20, 2007
TD Ameritrade has just finished moving the customers it obtained from last year's acquisition of TD Waterhouse USA over to its own online trading platform ... "At least they can put the merger with TD Waterhouse behind them, and they have done a pretty good job of managing their expenses.". (Globe and Mail)
TD Ameritrade's 3Q profit jumps nearly 14 percent Jul 19, 2007
During the quarter Ameritrade finished moving all the customers of TD Waterhouse Group Inc.'s U.S. retail securities business over to its system. That is one of the last steps in completing the integration of the Waterhouse unit. (Beatrice Daily Sun, NE)
Warming to global markets Jul 6, 2007
Patricia Lovett-Reid, senior vice-president with TD Waterhouse, says there is a common misconception among Canadian investors that global investments have more risk than domestic ones. "The fact is, global investments are a good way to mitigate risk," she says. (Toronto Star)
Funds praise TD Ameritrade move to drop 2 from merger board Jul 4, 2007
The Canadian bank, Toronto-Dominion, owns about 40 percent of TD Ameritrade as a result of Ameritrade's acquisition of the bank's U.S. retail securities business, TD Waterhouse USA. The second-largest Ameritrade shareholder is the family of company founder and board chairman Joe Ricketts, which controls about 21 percent of the stock. Ameritrade shares rose 54 cents, or 2. (San Diego Union-Tribune -- Business)
Citigroup to buy electronic trader Jul 3, 2007
Last year, it bought the capital markets business of TD Waterhouse. And in January, it acquired OnTrade Inc., an electronic communications network that was operated by NexTrade Holdings Inc.. (Boston Globe)
