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Richardson GMP has appointed André L’Espérance as director, wealth and estate planning. Based in Montreal, he will expand the firm’s insurance capabilities. “The addition of André to our in-house wealth and estate planning team signals our commitment to provide our investment advisors with the best-in-class solutions and to maintain our leadership position in serving the […]
By Staff |November 15, 2010
2 min read
“It was a strange situation,” says Michael Berton, recalling one of his more unusual estate planning cases. “But it’s what the family wanted to happen.” The story goes like this: a husband and wife had a joint account and everyone had assumed that the man, who’d been in the hospital for 16 months, would be […]
By Bryan Borzykowski |November 15, 2010
4 min read
Financial literacy: now available in junior packaging. Financial education is set to become part of the Ontario curriculum for students from Grade 4 to Grade 12 come September 2011. Ontario’s financial community has roundly applauded the government initiative. “It’s fundamental to the future well-being of Canadian society,” says Cary List, president and CEO of the […]
By Vikram Barhat |November 12, 2010
3 min read
There has been a good deal of volatility in international currency markets this fall and some discussion in the press about the possibility of an international currency war. Changing international currency values won’t affect all of your clients equally, but there is a very good possibility that they will have some effect on nearly all […]
By Peter Drake |November 12, 2010
6 min read
Counsel Portfolio Services has launched Counsel Managed Yield Portfolio, a tactically managed, diversified income product designed to provide investors with potentially higher yields than they might expect from traditional income investments. “With a broader range of income solutions, we are giving advisors even more flexibility to manage the income needs of their clients,” said Sam […]
By Staff |November 12, 2010
Financial literacy is the elephant in the room that is finally getting the attention it deserves. With the federal Task Force on Financial Literacy preparing to send its recommendations to the government next month and more plain-language investor information coming to mutual and segregated funds early next year, discussion of how to address this crucial […]
By Blake C. Goldring |November 11, 2010
The bond market has always been a curious place, subject to the most exquisite precision in calculating prospective risk and return—at least in the trading arena—and thus a better barometer of economic fortunes than exuberance-prone stock markets, where companies innocent of earnings can hit the top of the pops in a flash. Is the barometer […]
By Scot Blythe |November 11, 2010
A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Dale Richard Wells engaged in business conduct unbecoming or detrimental to the public interest when he acted in the role of an advisor without being registered as one. The panel’s full Reasons for Decision are available on the IIROC website. […]
By Staff |November 11, 2010
Financial planning is a knotty exercise at the best of times. Imagine then the complexity of it when it must be done around assets, owners and interests that straddle borders. Now more than ever, individuals and their families are moving back and forth between Canada and the U.S. for personal and professional reasons. This creates […]
By Vikram Barhat |November 10, 2010
5 min read
The CPP Fund ended its second quarter of fiscal 2011 with a balance of $138.6 billion, up from $129.7 billion at the end of the first quarter on June 30, 2010. The second quarter was kind to global equity markets, and investment returns accounted for $8.4 billion of the increase—a return of 6.6%. Inflows of […]
By Steven Lamb |November 10, 2010
1 min read
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