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Investors were rewarded for taking on more risk in the third quarter as small-cap and sector-specific mutual funds led the pack, according to the latest analysis of returns from Morningstar Canada. Of the 43 Morningstar Canada fund indices, 41 turned in a positive return, with 13 posting double-digit percentage gains. The top performer was the […]
By Steven Lamb |October 2, 2009
3 min read
Advisors are funny. You prove that to us every week. Here’s the best from this week’s crop of stories advisors across Canada shared with us about the funny side of the investments business. Plan Ahead An advisor in the prairies was talking to an elderly client and his son about how the older man was […]
By Philip Porado |October 2, 2009
2 min read
Exchange-traded funds (ETFs) have had the most profound impact on personal investing since the introduction of the modern mutual fund in 1924. To the myriad strengths that drove mutual funds to growth – diversification, professional management and shared expenses – ETFs have added low costs, transparency, market access throughout the trading day, and tax efficiency. […]
By Mark Yamada |October 1, 2009
(London, Ont.) Advisors at the Institute of Advanced Financial Planning’s annual symposium in London, Ont. shared a laugh and some optimism that this quarter’s financial statements will be more pleasing for clients. Said one R.F.P, “I actually can’t wait to get back to the office and send out my statements, because the clients are going […]
By Philip Porado |October 1, 2009
1 min read
The majority of Canadian clients appear to be satisfied by their advisors, a new study sponsored by Univeris has found. But it takes a very high level of engagement for clients to refer their advisor to family and friends. The study, conducted by Advisor Impact on behalf of Univeris, compiled feedback from the last four […]
By Mark Noble |October 1, 2009
5 min read
CIBC Asset Management has named Connor, Clark & Lunn Investment Management to act as portfolio sub-advisor for the small-cap component of the Imperial Canadian Equity Pool, effective Nov. 2, 2009. “CIBC Asset Management is focused on partnering with portfolio managers that deliver strong returns and manage risk for our clients,” says Steve Geist, president of […]
By Staff |October 1, 2009
Premier Dalton McGuinty says his government is talking to the mutual fund industry about a possible exemption to the harmonized sales tax. He says there’s no agreement right now, but the Ministry of Finance is in discussions with mutual fund companies and other groups to make sure his government “gets it right” on tax harmonization. […]
By Staff, with files from The Canadian Press |September 30, 2009
The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) are seeking comment on a joint consultation paper on the role of dark liquidity pools. Entitled Dark Pools, Dark Orders and Other Developments in Market Structure in Canada, the paper raises concerns about the interaction between transparent orders and dark orders, […]
By Staff |September 30, 2009
Royal Bank of Canada has struck a deal to acquire the third party registered investment advisor servicing business of J.P. Morgan. “Growing and enhancing RBC Advisor Services is a strategic priority for our firm, and this acquisition represents an important step in our quest to become the finest investment advisory and wealth management firm in […]
By Staff |September 29, 2009
Wellington West Holdings has reached an agreement to purchase Brownstone Investment Planning Inc. a privately-held, Winnipeg-based financial planning firm. “We were truly impressed at the calibre of people and expertise at Brownstone,” says Wade Lawrence, president with Wellington West Financial Services Inc. “Acquiring Brownstone will strengthen Wellington West’s overall financial planning offering, providing us further […]
By Steven Lamb |September 29, 2009
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