Industry

Decorative pattern

MFDA issues reasons on four cases

The Mutual Fund Dealers Association has released reasons for decisions in four cases, involving allegations of churning DSC funds, selling outside of the dealer, conducting outside business activities, and borrowing from clients. Below are some cautionary tales of things you should avoid doing. MFDA Hearing Panel issues Reasons for Decision (Misconduct) in the Matter of […]

By Steven Lamb |August 13, 2010

2 min read

Decorative pattern

Advisors offer hot tips…on movies

Advisors find finance flicks amusing and frustrating. Frustrating because they perpetuate a cowboy image of the industry focused on greed with no concept of duty of care or responsibility to the client. Movies like these, they say, hurt the industry as they create an image that either detracts people from trusting advisors or makes them […]

By Vikram Barhat |August 13, 2010

3 min read

Decorative pattern

Fee transparency trumps structure: readers

Our mailbox continues to fill with opinions on the fate of trailer commissions, following a story we ran earlier this week on 12(b)-1 fees in the U.S. With all the fuss over how an advisor is compensated, one reader pointed out that un-advised investors are frequently still paying the fee for advise to their execution-only […]

By Steven Lamb |August 13, 2010

3 min read

Decorative pattern

Briefly:

CI Investments has announced the rescheduling of a securityholder meeting to vote on the proposed merger of United Financial’s Artisan Portfolios and Institutional Managed Portfolios. The meeting will be held on September 17, 2010. It had originally been scheduled for August 12. Also on September 17, securityholders will vote on CI’s proposal to merge the […]

By Staff |August 13, 2010

1 min read

Decorative pattern

Advised Canadians are far better off: IFIC

Here’s a suggestion for those who question the value of financial advice: take it easy…but take it. Having advice is strongly associated with the accumulation of financial wealth regardless of income level or age, according to an Investment Funds Institute of Canada (IFIC) report. The study, titled The Value of Advice: Report, reveals financial advice […]

By Vikram Barhat |August 12, 2010

3 min read

Decorative pattern

Briefly:

Invesco Trimark has announced that it is renaming a large number of its funds and portfolios to simplify its lineup of product brands. The company now offers three distinct product brands: Trimark, Invesco and PowerShares. There is no change to the funds’ investment style or objectives, and no action is required by financial advisors or […]

By Staff |August 12, 2010

3 min read

Decorative pattern

Advisors defend the trailer

Advisors have been stepping up to the plate to defend the trailer commission, following our story this week on the possible threats facing the dominant compensation structure. According to our metrics, this article has been one of the most read articles that we have posted in ages. This doesn’t surprise us much, as any threat […]

By Steven Lamb |August 12, 2010

3 min read

Decorative pattern

Industry can’t eat HST costs: Holland

The introduction of the HST put the fund industry in a tight spot, having to sort out its complexities at a time when investor confidence is in a slump. The costs associated with sorting out the HST mess will eventually be borne by those same investors. “There is no way any company could place their […]

By Vikram Barhat |August 12, 2010

2 min read

Decorative pattern

Briefly:

The energy sector may be one of the country’s key economic drivers, but a survey commissioned by Edward Jones finds that just 23% of Canadians would invest in oil stocks if they had spare money to invest. The survey did not ask respondents to explain their opinion, but did find that Quebec residents were the […]

By Staff |August 11, 2010

3 min read

Decorative pattern

Retiring abroad has financial implications

Irresistible is the pull of retiring to a destination blessed with balmier climes. The proof is for all to see in the recent European survey by Aon Consulting that revealed Spain and France as the retirement destinations of choice among an increasing number of Europeans. Escaping the harsh climate of their home country was noted […]

By Vikram Barhat |August 11, 2010

4 min read

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