Industry

Decorative pattern

Canadian saving habits questioned

A lingering question is whether the events of the past year have forced Canadians to save more. Two studies released from different institutions have reached different conclusions. According to RBC/Ipsos poll of 1,000 Canadians, people are actually saving less than they were before. The survey found that one-third of Canadians (34%) indicate they are saving […]

By Mark Noble |October 22, 2009

4 min read

Decorative pattern

Briefly:

All that glitters is gold, this according to Toronto-based Bullion Management Group (BMG). BMG predicts that gold prices will continue their rapid rise, matching their 314% increase in the last eight years. “The formula for inflation—rising oil prices and increasing money supplies—is already well in play and this should fuel further increases in gold prices,” […]

By Staff |October 22, 2009

2 min read

Decorative pattern

Manulife offers new LTC choice and more news

With primarily baby boomers in mind, Manulife Financial has introduced a product feature that allows new and existing individual disability insurance customers to switch their coverage to long-term care insurance. For details, and to read other financial services industry updates, click the “full story” button below. With primarily baby boomers in mind, Manulife Financial has […]

By Staff |October 21, 2009

3 min read

Decorative pattern

Canada takes leading role in CFA mark

Canada is a strong testament to the power of a designation, says the president of the CFA Institute, the organization that administers the global Chartered Financial Analyst (CFA) designations, where a growing number of client-facing advisors are opting for the designation and the Canadian societies are taking a direct advocacy role in this country’s capital […]

By Mark Noble |October 21, 2009

4 min read

Decorative pattern

Invesco buys Morgan Stanley unit

Invesco Ltd., the parent company of Canadian-based Invesco Trimark, signed a huge deal yesterday to acquire Morgan Stanley’s retail asset management business, including Van Kampen Investments. Through this transaction, Invesco acquires a diversified business with $119 billion in assets under management (AUM). The transaction is valued at $1.5 billion, including cash and stock that provides […]

By Mark Noble |October 20, 2009

2 min read

Decorative pattern

Surviving a dealer buyout

Independent investment dealers are increasingly becoming the target of buyouts. If an affiliated advisor is not prepared, a buyout can leave them in the lurch with increased personal costs and strained client relationships. Unresolved questions overhanging the recovery typically focus on the investment landscape, potential yields on various assets, length and breadth of the recovery […]

By Al Emid |October 20, 2009

4 min read

Decorative pattern

Sun Life creates advisor match service

It may not be as scintillating as online dating services, but Sun Life has entered the matchmaking business creating Advisor Match, a website that matches up clients with advisors based on compatibility. “Through focus groups, consumers told us that the recent recession has changed what they’re looking for from companies they deal with for financial […]

By Mark Noble |October 20, 2009

3 min read

Decorative pattern

Briefly:

The Bank of Canada is warning that the loonie is hurting Canada’s recession recovery. The bank left its policy interest unchanged at 0.25% and will hold current policy rates until the end of the second quarter of 2010. “Heightened volatility and persistent strength in the Canadian dollar are working to slow growth and subdue inflation […]

By Staff |October 20, 2009

4 min read

Decorative pattern

Car purchases are the worst kind of debt

One of the things I often recommend my clients work into their financial plan are major purchases. When it comes to my clients, as well as my own finances, the one purchase I hate the most is buying a car. You would think I would hate credit cards the most. Don’t get me wrong, they […]

By Stephanie Holmes-Winton |October 19, 2009

6 min read

Decorative pattern

Feds look to shut down certain TFSA practices

Advisors who think they’ve found a great tax-loophole in the tax-free savings account (TFSA) rules, may want to revisit their strategy. On Friday, Canada’s Minister of Finance, Jim Flaherty, proposed amendments to the Income Tax Act to bulk-up certain restrictions on the use of TFSAs. Essentially, the government would clarify certain features of the TFSA […]

By Mark Noble |October 19, 2009

3 min read

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