News and resources for Canada's top financial advisors
Economic Indicators
The reserve bank of India tightened its monetary policy once again, the tenth rate hike since March 2010, in an attempt to contain spiralling inflation. The repo, the rate at which the RBI lends, was raised by a quarter point to 7.5%. The reverse repo, the rate at which the central bank borrows from banks, […]
By Staff |June 16, 2011
1 min read
It’s certainly no easy task for advisors to avoid portfolio bombs like Sino-Forest Corp. and Armtec Infrastructure Inc., both of which lost over 80% of their value recently. The reasons for the losses are different, but the pain is still the same. Up until mid-April, Sino-Forest stock (TRE) was humming along quite nicely. It had […]
June 16, 2011
6 min read
Industry
A day after launching two fixed income ETFs, Invesco has unveiled three more PowerShares ETFs, including one equity and two equity-income mandates. PowerShares QQQ (CAD Hedged) Index ETF seeks to replicate, before fees and expenses, the performance of the NASDAQ-100 Currency Hedged CAD Index. The ETF will distribute income quarterly. PowerShares Canadian Preferred Share Index […]
A recently released study of financial literacy among Ontarians found that most people had a basic grasp of financial concepts yet struggled to apply them to their personal situations. “We found that certain financial concepts are reasonably well understood by the majority of Ontarians,” says Tom Hamza, president of the Investor Education Fund. “But this […]
By Staff |June 15, 2011
2 min read
The Standard Life Assurance Company of Canada has teamed up with Qtrade Financial Group in a strategic alliance to launch a series of joint projects, to be rolled out over the coming year. The first project will offer the Qtrade Investor online brokerage platform to Standard Life’s independent advisors outside Quebec. “The new alliance is […]
How is Distribution evolving, and what are the forces at play in this evolution? Will managing general agents (MGAs) get their own self-regulatory organization? Does the Mutual Fund Dealers Association (MFDA), and the distribution model it oversees, have a future? Is there a place for smaller players in the emerging landscape, or does the writing on the wall say only big guns need apply? What does the evolution of the distribution space mean for advisors, and the clients whom they serve?
10 min read
Invesco has listed two PowerShares ETFs on TSX today, the company’s first-ever ETF launch on a Canadian exchange. “The arrival of PowerShares ETFs on TSX establishes an exciting new footprint in the Canadian marketplace, expanding the range of next-generation ETF solutions available to investors in Canada,” said Ben Fulton, Invesco PowerShares managing director of global […]
A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has approved a Settlement Agreement, with sanctions, between IIROC staff and CIBC World Markets.
By Staff |June 14, 2011
Some top advisors explain how they earned the business of Canada's richest clients and more importantly, kept their business.
7 min read
BMO Harris Private Banking today released the results of a comprehensive study showing that nearly one-third (30%) of high-net-worth Canadians—those with investable assets of $1 million or more—are new Canadians (those born outside of Canada). The study, conducted by Harris Decima, also revealed that almost all (96%) affluent new Canadians keep most of their wealth […]
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