News and resources for Canada's top financial advisors
Industry
Coast Capital Savings doesn’t understand why so many British Columbians are still paying bank fees, and is running a humorous, though pointed campaign to remind consumers they don’t have to. Lawrie Ferguson, senior vice-president of marketing for the Surrey, B.C.-based credit union, said with people counting their pennies, it was a good time to ramp […]
By Eve Lazarus |March 5, 2009
2 min read
While their grandchildren may be growing up online, boomers are becoming increasingly comfortable with the Internet as well, according to a survey by Yahoo! Canada and Leger Marketing. Canadian boomers have embraced the Internet in many ways, including social networking and reading the news, but they are especially keen on managing their finances online. The […]
By Staff |March 5, 2009
1 min read
While guaranteed minimum withdrawal benefit funds have been a huge hit in the Canadian marketplace, at least one company isn’t looking to gain shelf space anytime soon. “We’re not excited about gaining market share until the product is more compatible with where we’re headed,” Manulife senior executive vice-present and chief financial officer Peter Rubenovitch told […]
By Scot Blythe |March 4, 2009
3 min read
Fidelity Investments Canada announced Wednesday that Team Canada, its well-regarded 25-member Canadian equities research and portfolio management group, will be relocating to Canada from its current Boston headquarters. However, it does so without long-time leader, Bob Haber. Fidelity’s Team Canada is an anomaly; its leadership was not located in Canada. Nevertheless, the team has a […]
By Mark Noble |March 4, 2009
4 min read
February is usually a boom time for mutual fund sales, as investors shore up their RRSP contributions to meet the early March deadline. Not this year. Sales appear quite low versus last February’s, according to preliminary sales data from the Investment Fund Industry of Canada (IFIC), something that will be viewed as a big disappointment […]
Disgraced former investment advisor Ian Thow has waived his right to an extradition hearing, meaning he’ll likely soon be in Canada to face charges of investment fraud. Thow, who’s been accused by some of bilking former clients in Victoria, B.C., by more than $30 million, appeared in United States Federal Court in Seattle, Washington, regarding […]
By Staff |March 4, 2009
The vast majority of Canadian equity mutual funds saw declines in February, further adding to the cumulative losses of the past six months, according to data from Morningstar Canada. The double-digit losses prevalent in previous months subsided, but Morningstar points out that much like in January, almost all of the Morningstar Canada Fund indexes that […]
By Mark Noble |March 3, 2009
AIG will spin off its major operations into independent companies in what CEO Edward Liddy calls “the most extensive corporate restructuring in American history.” The financial services conglomerate is “too big” to reposition as a single entity, and the company’s latest steps will maintain its core businesses as it works to strengthen its capital base […]
By Terri Goveia |March 3, 2009
DundeeWealth has moved around a couple of its top executives into new positions within the company. David Whyte has been announced as the company’s vice-chair and chief operating officer. Whyte, a 30-year veteran of the mutual fund industry, has been with DundeeWealth since 2005 and was most recently the vice-chairman of distribution and investments of […]
By Staff |March 3, 2009
“Get paid to wait” has become the mantra of many advisors these days who recommend clients load up on dividend- and income-yielding securities that will keep them in the market and pay them until prices recover. But investors need to be wary, as distributions are not as stable as they once were. Traditionally, income trusts […]
By Mark Noble |March 2, 2009
5 min read
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