News and resources for Canada's top financial advisors
Industry
Despite the recession, home prices have been resilient in many Canadian centres, with major hubs like Toronto and Vancouver seeing sustained increases in valuations. Already 71% of current and future homeowners think house prices are too high, according to a survey commissioned by BMO, but prices continue to climb as buyers rush into a purchase, […]
By Steven Lamb |March 24, 2010
3 min read
Russell Investments has announced the hiring of mutual fund industry veteran David Feather as president and managing director of Russell Investments Canada Limited (Russell Canada). “David is well-known and highly respected in the Canadian investment industry, and we are delighted to have someone of his caliber leading our Canadian operations as we continue to enhance […]
By Steven Lamb |March 23, 2010
1 min read
Securities regulators in B.C. and Manitoba have raised the alarm about dipping into retirement savings for questionable investments that promise excellent returns and tax benefits. So-called “unlocking” investment schemes that sound too good to be true really are too good to be true. These investments typically promise debt reduction through new sources of income, immediate […]
By Vikram Barhat |March 23, 2010
2 min read
B2B Trust has signed agreements with Industrial Alliance Insurance and Financial Services and its subsidiary Industrial Alliance Pacific for the distribution of segregated fund investment loans. “With the insurance industry being one of the fastest-growing fields in Canada, B2B Trust is pleased to add Industrial Alliance and Industrial Alliance Pacific to its list of distribution […]
By Staff |March 23, 2010
Peer group comparison forms the basis of many financial decisions, but many investors may not understand how these rankings are constructed and the problems embedded in such comparisons, according to Research Affiliates. “In our view, the manner in which aggregate active manager performance is displayed, vis-à-vis index funds in commonly used peer groups, is not […]
By Steven Lamb |March 22, 2010
The TMX Group is cutting its trading fees on securities that trade at $1 and higher on Toronto Stock Exchange and TSX Venture Exchange. The changes will take effect on April 1 and are subject to regulatory approval. The current three-tier fee structure will also be replaced by a simpler two-tier structure. The fee per […]
By Staff |March 22, 2010
The RRSP may be the most familiar retirement saving strategy, but it might no longer be the automatic choice. The popularity of the RRSP mushroomed when investors had few other tax shelters available, but the financial landscape has changed, and the well-rounded advisor knows there are other options. Tax-Free Savings Accounts are an obvious tool […]
By Al Emid |March 19, 2010
4 min read
Recently, I met for a scheduled coaching session with one of the independent advisors who I support. He has a successful and well-established financial-planning practice. He was concerned with the potential impact on the value of his books of insurance policies and mutual funds should he die or become incapacitated. As Vince Valenti pointed out […]
By Casey Cerson |March 19, 2010
Clearing agencies in Ontario will soon be required to obtain a recognition order or an exemption, according to a staff notice from the Ontario Securities Commission (OSC). Effective March 1, 2011, “the new mandatory recognition requirement for clearing agencies will provide the tools necessary to impose requirements on all entities that perform this critical role,” […]
By Staff |March 19, 2010
Advisors in the UK may be facing a formidable competitor: their own government. Chancellor of the Exchequer Alistair Darling has launched a new website which promises to deliver impartial financial advice to users. Perhaps slightly more disturbing than all the free financial advice, the website – moneymadeclear.co.uk — also provides instructions on what action to […]
By Staff |March 18, 2010
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