News and resources for Canada's top financial advisors
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Research in Barclays Capital’s flagship publication, Global Outlook: Green Shoots Blossom, has found economic growth likely to increase in the second half of 2009. Asia is already experiencing rapid growth. However, investors have yet to factor in a rebound in the U.S. and European markets, likely because of fears regarding household and business balance sheets. […]
By Staff |June 26, 2009
5 min read
BetaPro Management has announced the launch of four new commodity-based exchange traded funds, aimed at tracking the long-term performance of the underlying resource. These ETFs do not use leverage and do not rebalance at the end of the trading session, two strategies that have been criticized for skewing long-term performance. “Due to advisor and investor […]
By Staff |June 25, 2009
2 min read
All advisors know tax strategies can mean the difference between so-so and stellar financial planning. But does the average advisor really understand every tax particular? Tax expert Jamie Golombek recently surprised a group of financial planners with a pop quiz to find out. Here’s a sample question: A capital loss is carried back from 2008 […]
By Deanne Gage |June 25, 2009
4 min read
American International Group (AIG) will reduce outstanding U.S. federal loans by $25 billion (US) by giving the federal government a stake in two big life insurance units. The plan would eventually see American Life Insurance Company and American International Assurance Company spun off as publicly-traded companies. In an effort to reduce debt, AIG also entered […]
By Melissa McCormick |June 25, 2009
More than 200 young hockey players will be drafted at the 2009 NHL Entry Draft in Montreal on Friday. And the grinders, defencemen and smooth skaters who make it to the big league, will find themselves swept into a ritzy world of ice, admirers and mega bucks. While the fame might stick, the money often […]
By Kanupriya Vashisht |June 25, 2009
Advisors who receive their commissions through a corporation not registered with the Mutual Fund Dealers Association could see this arrangement formally accepted by the SRO, which has technically banned such arrangements until now. The MFDA has published for comment a proposed amendment to Rule 2.4.1, which requires that commissions be paid to the member firm, […]
By Steven Lamb |June 24, 2009
Governments must continue with pension reforms to ensure the solvency of the plans, the Organization of the Economic Co-operation and Development (OECD) declared in a report issued Wednesday. Concerns have arisen about governments becoming too preoccupied with rebuilding the economy, while ignoring the longer-term issues facing pension plans. The report encouraged countries to remain committed […]
By Staff |June 24, 2009
Unless you delight in being the contrarian, it’s a truism, tried and tested, that investor sentiment yo-yos with market peaks and troughs. And a J.D. Power and Associates study released today confirms it. The Canadian Full Service Investor Satisfaction Study finds overall satisfaction among full-service investors in Canada declined considerably in 2009 — to 693 […]
By Kanupriya Vashisht |June 24, 2009
3 min read
Women in financial services may have come a long way but not far enough. Despite small gains in the banking industry, women in capital markets have made virtually no progress in the last eight years, according to a new study released Monday. The study, called Catalyst’s Report to Women in Capital Markets, found 39% of […]
By Deanne Gage |June 23, 2009
It’s a long-standing principle in high net worth tax-planning: You can’t tax what you can’t find. Stashing money away in jurisdictions that offer bank secrecy is an established tradition amongst the world’s wealthiest, but advisors may want to think twice about this strategy. The Organization for Economic Co-operation and Development is meeting this week in […]
By Steven Lamb |June 23, 2009
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