News and resources for Canada's top financial advisors
Industry
An increasing number of young Canadian couples are choosing to keep their fiscal matters divorced, according to a new study by RBC. The study, which focused on couples between 18 and 35 years of age, reveals that a third (34%) of them keep completely separate bank accounts and financial portfolios owing primarily to the need […]
By Vikram Barhat |March 18, 2010
3 min read
The current pattern of volatility in global currency markets and the recent rally in the loonie against the U.S. dollar are having a menacing effect on the investors with exposure to foreign markets. Currencies are much more volatile today than they have been in ages — a function of world-wide changes in economic or financial […]
By Vikram Barhat |March 17, 2010
4 min read
The vast majority of Canadian investors don’t know a large portion of their retirement income can be generated from investment growth, according to a survey by Russell Investments and Harris/Decima Retirement Research. Most respondents (88%) were oblivious to the possibility that about 60% of their investment income could come from growth that occurs during retirement. […]
By Vikram Barhat |March 16, 2010
The federal government’s Task Force on Financial Literacy has confirmed that March 23 is the deadline to register to make a presentation at one of its public sessions in Vancouver, Yellowknife, Calgary, Saskatoon, and Winnipeg between April 6 and 9. Those wishing to make a presentation at the public sessions should register on the Task […]
By Staff |March 16, 2010
2 min read
The Chartered Financial Analyst Institute (CFA Institute) is voicing staunch support for proposed regulatory reform bill in the U.S. The proposed Senate Banking Committee bill addresses critical issues such as systemic risks, bank regulatory responsibilities, trading risks, and other considerations for investor priorities. “Having a properly structured oversight body for systemic risk is critical,” says […]
The final quarter of 2009 capped off a massive recovery in earnings for the securities industry, according to data from the Investment Industry Association of Canada. Operating revenues jumped 19% from the third quarter, to $4.8 billion, while operating profits shot up 30%, to just under $2 billion. Compared to the same quarter in 2008, […]
By Steven Lamb |March 15, 2010
MFC Global Investment Management has named Chris Conkey as chief investment officer, global equities, effective immediately. He will lead MFC Global’s equity group from Boston and is responsible for the overall investment performance and risk management of the firm’s portfolio of equity strategies globally. In this role, Conkey will work with Barry Evans, CIO, global […]
By Staff |March 15, 2010
The poor performance of money market funds (MMFs) is robbing investors of between $300 million and $500 million, says a report by the Canadian Foundation for Advancement of Investor Rights (FAIR Canada). The report, titled Canadian Money Market Funds—Zero Returns says Canadians hold $56 billion worth of money market funds, most of which are not […]
By Vikram Barhat |March 12, 2010
TCU Wealth Management has selected Qtrade Financial Group as its new dealer for investments and mutual funds, as well as online brokerage services. “Our partnership with Qtrade will provide clients access to a more diverse portfolio of investment solutions including mutual fund dealer services, online brokerage, full service brokerage and discretionary money management,” said Celeste […]
By Staff |March 12, 2010
Technology, complexity and personalization are three common themes of modern life. With the advent of the multi-family office and virtual-family office, wealthy families can benefit from these trends. The multi-family office (MFO) or virtual-family office (VFO) offers personalized asset management that mitigates against complexity and uses the latest technologies—without incurring the expense of a traditional […]
By Mariellen Ward |March 12, 2010
8 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.