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Following the merger of LOMA and LIMRA, the resulting entity has announced the LOMA/LIMRA Canada Annual Conference, slated for June 9, 2009 at the Metro Toronto Convention Centre. Known as the most comprehensive event for life and health insurance professionals in Canada, this year’s conference will be the first time that LIMRA and LOMA are […]
By Staff |May 15, 2009
2 min read
Previously, Desjardins Financial Security, Desjardins Securities and other subsidiaries of Desjardins Group reported directly to president and CEO, Monique F. Leroux. Before the restructuring, Desjardins Group also had four business units: Individuals and companies; insurance and securities; asset management; venture capital and others. A dozen appointments As part of the reorganization, Leroux announced a dozen […]
By Claude Couillard |May 15, 2009
Long-term funds packed a punch in April. Assets rose to $443.2 billion from $422.5 billion at the end of March, according to preliminary sales data from the Investment Funds Institute of Canada (IFIC). The bullish sentiment, however, was once again more due to market affect, than new inflows. Of the $20.7 billion month-over-month increase in […]
By Kanupriya Vashisht |May 15, 2009
A Morningstar report released on Tuesday suggested that Canadian mutual fund investors were content being nickel-and-dimed by fees, and gave the industry a failing grade on expenses. The report concluded that Canadian mutual fund investors were paying exorbitant fees, largely because they were being driven by their advisors into funds that pay better trailing commissions. […]
By Steven Lamb |May 15, 2009
3 min read
Unity Life of Canada continues its string of acquisitions. The company announced Wednesday that it will acquire almost all of the insurance business of MetLife Canada for an undisclosed amount. The insurance business affected includes 100,000 life and health insurance policies and a small number of group annuity contracts, plus policy liabilities of approximately $300 […]
By Staff |May 14, 2009
A report released Tuesday by Morningstar Canada placed a large amount of blame on advisors for high mutual fund fees. But the same issue applies to exchange-traded funds. There is a quite a bit of academic evidence to suggest that passive investing over a long period of time, within a well-constructed diversified portfolio, will outperform […]
By Mark Noble |May 14, 2009
6 min read
Despite the recession and a dwindling eagerness among advisors to retire, Darren Miles, chartered business valuator, president and founder of Fair Market Value Inc., says there are currently more buyers than sellers in the market to buy advisory practices. For both sides of a book sale, he says there is more to consider than just […]
By Kanupriya Vashisht |May 14, 2009
The corporate bond sector has bounced back in this latest broad market rally reaffirming a belief among investment strategists that the asset class had too much risk. “Our philosophy has been to overweight spread product throughout the cycle,” says Darcy Briggs, vice-president and portfolio manager with Bissett Fixed Income management team, a subsidiary of Franklin […]
By Mark Noble |May 13, 2009
5 min read
A report by Morningstar Inc. has sparked an outcry, after the Chicago-based research firm suggested that Canadian financial advisors were directing clients into higher fee mutual funds simply to earn higher trailer fees. Advisor.ca has received numerous e-mails from advisors on both sides of the issue: those who challenge the report and those who view […]
By Steven Lamb |May 13, 2009
The CFA Institute announced Wednesday that 128,000 individuals from 154 countries have registered to write the June 2009 CFA exam — an increase of 14% from 2008. Despite the economic downturn, the CFA Institute continues to see a steady global increase in the number of CFA candidates. Since 1990, the compound growth rate for global […]
By Staff |May 13, 2009
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