Industry

Decorative pattern

On The Shelf:

(April 7, 2008) McLean Budden is targeting fee-based advisors by launching an F-Class version of all 11 of its McLean Budden mutual funds. F-Class mutual funds are designed for accounts where clients pay a fee to their advisor based upon assets under management. McLean Budden will not remunerate the advisor or pay trailer commissions on […]

By Staff |April 7, 2008

2 min read

Decorative pattern

It’s a buying opportunity: Franklin Templeton’s Myers

With a soaring dollar and sagging markets, Canadians have been burned by global investing but this should not deter their resolve, says Lisa Myers, portfolio manager of Franklin Templeton’s flagship Templeton Growth Fund. Myers believes market conditions are right for patient Canadian investors to use the high dollar to purchase bargains. Value investing is not […]

By Mark Noble |April 7, 2008

4 min read

Decorative pattern

Briefly:

(April 4, 2008) Winnipeg-based Knowledge Bureau has launched a new Retirement Income Specialist program that focuses on real wealth planning for the boomer set. When the six-course program is completed, advisors will receive a Master Financial Advisor designation. The classes teach advisors about a number of things, including portfolio construction for real wealth management, owner-manager […]

By Staff |April 4, 2008

2 min read

Decorative pattern

Environmental reporting faces scrutiny and litigation

The Ontario Securities Commission’s innocuously named Staff Notice 51-716 has drawn quite a bit of attention for its no-nonsense stance on environmental financial disclosure. According to various industry professionals, including Paul Cassidy, from Blake, Cassels and Graydon LLP’s Vancouver office, and Gray Taylor, from Toronto-based Bennett Jones LLP, the notice signals a shift in the […]

By Romana King |April 4, 2008

5 min read

Decorative pattern

Portfolio can make big gains in retirement: Russell

For most people, retirement means slowing down and taking it easy, but not for savvy investors. According to Russell Investments Canada, 60% of retirement portfolio growth can come during a client’s post-working years. “It’s a continuation of the compound interest story that you tell clients about in pre-retirement,” says Russell’s president and managing director Irshaad […]

By Bryan Borzykowski |April 4, 2008

3 min read

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Good debt versus bad debt

For many clients, the thought of landing in the red is enough to make them sick to their stomach. What most may not be aware of, though, is that not all debt is bad debt. “Any debt where you can write off interest is good debt and any debt where you can’t write off interest […]

By Bryan Borzykowski |April 3, 2008

5 min read

Decorative pattern

By The Book: IDA fines Winnipeg broker

(April 3, 2008) The Investment Dealers Association of Canada has levied a fine of $20,000 against Steven James Westman, for misconduct while an approved person with the Winnipeg branch of Merrill Lynch Canada. Between May 1999 and March 2001, Westman made unsuitable recommendations to two clients. He also admitted that in February and March of […]

By Staff |April 3, 2008

1 min read

Decorative pattern

Briefly:

(April 3, 2008) The Canadian economy is expected to outpace that of the U.S. once again, according to RBC, although growth will slow to 1.6% in 2008, down from the already paltry 2.7% growth rate posted in 2007. While commodity exports will remain healthy, the value of imports into Canada will rise much faster, trimming […]

By Staff |April 3, 2008

2 min read

Decorative pattern

Fund firms celebrate Lipper awards

Champagne, applause and crystal trophies were the order of business Wednesday night, as the mutual fund industry turned out in force for the 2008 Lipper Awards gala in Toronto. Lipper hands out awards within each fund category for the best risk-adjusted returns over a one-year, three-year, five-year and ten-year term. That translates to more than […]

By Steven Lamb |April 3, 2008

2 min read

Decorative pattern

Investors seek U.S. bidders for their piece of

Retail investors with their savings frozen in non-bank-sponsored asset-backed commercial paper are considering selling their voting rights for an upcoming restructuring deal to U.S. hedge funds if they can’t secure remuneration from Canadian sponsors. Juroviesky & Ricci, a law firm representing a group of retail investors stuck with ABCP, issued a release on Thursday saying […]

By Mark Noble |April 3, 2008

1 min read

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