News and resources for Canada's top financial advisors
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Canada’s landscape of independent mutual fund managers has shrunk once again. Seamark Asset Management and GrowthWorks have agreed on a merger. The combination will create a mid-size firm with roughly $3 billion in assets under management. The new firm will be called Matrix Asset Management, with GrowtWorks and Seamark as subsidiary brands under the new […]
By Mark Noble |October 29, 2009
3 min read
I hear the phrase, “your network is your net worth,” everywhere I go. I must admit, the best investment I ever made in my own business was to start my fifth networking group. Yes, the fifth time is the charm. I’m not sure about the rest of the country, but from the time I started […]
By Stephanie Holmes-Winton |October 28, 2009
4 min read
Sometimes advisors can get lost in all the dollar and cents, and forget that they have a unique set of skills that can, and often does improve the lives of others. After 20 successful years in the financial services industry, Nicola Elkins knew she was destined for something more. Having worked for some of the […]
By John Powell |October 28, 2009
For the third consecutive quarter, Canadian small cap managers outperformed large cap managers, according to the latest Russell Active Manager Report. The median small cap manager return of 19.5% in the third quarter of 2009 was more than 9% ahead of the median large cap manager return of 10.2%. “This was the strongest out performance […]
By Staff |October 28, 2009
For advisors, the introduction of the tax free savings account in January has been a nice little sweetener to a pretty sour year for getting new money. The novelty of the TFSA is far from worn out, a new survey by RBC suggest clients still don’t understand what they are or how to use them […]
By Mark Noble |October 27, 2009
Gaelen Morphet, is departing as lead manager at CIBC Asset Management, to become the Empire Life’s new chief investment officer. Morphet is bringing two CIBC analysts her to Empire Life. Lieh Wang will become a Senior Portfolio Manager, and Nessim Mansoor, will become a portfolio manager. “We are extremely pleased to announce these appointments,” says […]
By Staff |October 27, 2009
Advisors in the full-service brokerage are likely taking notice of the announcement of the sale of Blackmont Capital to Australian-based wealth giant Macquarie Group. It was reported early Monday, Blackmont, which is an independent full-service brokerage firm with more than 130 investment advisors across Canada, will be purchased for $CAN93.3 million. The firm will now […]
By Mark Noble |October 26, 2009
Avery Shenfeld, chief economist at CIBC, says self-congratulatory accolades about Canada’s comparative economic performance need to be put in context. “Of late, our self-congratulations have extended to economic performance, with Canadians cheering our lower unemployment, sounder banking system, solid mortgage market and climbing house prices. Clearly, the recession hit less hard on this side of […]
By Staff |October 23, 2009
There’s a way to successfully integrate long term care insurance (LTC) into an advisor’s practice, but it takes some work. Client segmentation, credentialed staff, carefully scripted conversations and structured meetings all help to effectively integrate long term care insurance into an advisor’s practice, according to Greg Pearson, insurance specialist at Meckelborg Financial Group Inc. in […]
By Art Melo |October 23, 2009
There have been a couple of questions raised by advisors about the new restrictions placed on the Tax-free savings account (TFSA), which were announced last week. Advisor.ca’s French language sister site, Conseiller.ca, was asked whether the government in Quebec would harmonize its version of the TFSA, called the CELI, with the federal government. The answer […]
By Mark Noble, Claude Couillard |October 22, 2009
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