News and resources for Canada's top financial advisors
Industry
Mr. Darcy, the proud protagonist of Jane Austen’s Pride and Prejudice, was greatly admired for having an income of “10,000 [pounds] per year.” Based on the novel and the films, he certainly seems to have had a nice lifestyle with his London townhouse and huge country estate. But his story begs the question: Why was […]
By John Nicola, CLU, CHFC, CFP |November 6, 2009
4 min read
The impending demographic shift in the advisory channel represents a massive challenge for all involved. The largest cohort of advisors will be retiring within a scant few years of each other, forcing them to compete for buyers to acquire their books of business. Worse still, many will be selling a book dominated by older clients, […]
By Steven Lamb |November 6, 2009
How a mutual fund provider designs its fee platform can tell advisors a lot about how serious they are about serving the advice channel, says Tye Bousada, cofounder and co-CEO of upstart Edgepoint Wealth Management. Before launching any product, Bousada traveled across Canada for nearly nine months meeting with successful advisors to get feedback on […]
By Mark Noble |November 6, 2009
3 min read
The benefits of leveraged investing are fairly well recognized. You can easily magnify portfolio returns, and clients can deduct their interest payments at their marginal tax rate, assuming the leverage strategy not used in a registered account. Leverage is not for everybody. It adds a whole new layer of risk to investing. If the investment […]
5 min read
U.S. consumer confidence plunged over the course of the last month as higher energy costs, rising unemployment and gyrating stock markets weighed on the collective consciousness, according to the latest reading of the RBC CASH (Consumer Attitudes and Spending by Household) Index. The index fell 21.6 points from its early October reading, to 30.2 at […]
By Staff |November 5, 2009
2 min read
The Canadian mutual fund industry has responded en masse to the Canadian Securities Administrators (CSA) point–of-sale disclosure rules, making the case that it will undermine the ability of advisors to effectively sell mutual funds. In a number of industry submissions to the CSA, the same theme arises: the increased burden and cost to dealers and […]
By Mark Noble |November 5, 2009
As a veteran sports reporter, Jim Gray used to write about the relationships between coaches and players. Now as the principal owner of Media Strategy Inc. in Toronto, Gray is a coach himself, teaching financial advisors how to better communicate with their clients. “I live and breathe this company. I work really hard at it. […]
By John Powell |November 5, 2009
The Canadian mutual fund industry was hit with redemptions in October, with investors pulling out somewhere between $262.2 million and $762.2 million, according to preliminary data from the Investment Funds Institute of Canada. “Markets took a breather at the end of October which capped off seven months of exceptional growth in assets under management,” said […]
By Steven Lamb |November 4, 2009
With its recent acquisition of Blackmont Capital, Australia’s Macquarie Group has set out to create a boutique broker/advisor shop with an international deal flow. If the model succeeds, it could drastically alter the way brokers do business in Canada. The transactional nature of broker businesses has generally ridden out the storm much better than mutual […]
By Mark Noble |November 4, 2009
The U.S. Federal Open Market Committee (FOMC) is holding steady on interest rates, suggesting that raising rates from the current target band of 0% to 0.25% could stifle the fledging economic recovery. While economic activity has improved since the FOMC’s September meeting, conditions in the financial markets “were roughly unchanged,” the Fed said in its […]
By Staff |November 4, 2009
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