Industry

Assante explains low-cost key approach to fee cuts

(January 14, 2005) Assante’s decision to use its advisor channel to communicate fee reductions to clients has puzzled some industry watchers, considering Fidelity made a public splash when it made a similar move. But officials at Assante say that’s what the firm’s advisors wanted. Last week, in a memo sent to advisors, Assante announced that […]

By Doug Watt |January 14, 2005

3 min read

IDA audit quietly released

(January 13, 2005) It took nearly five years, but the Ontario Securities Commission has finally given up the fight to keep a highly-critical 25-page audit of the IDA confidential. Investor advocates are welcoming the release, but are casting doubt on claims by the IDA that all the problems outlined in the report have been dealt […]

By Doug Watt |January 13, 2005

3 min read

Canada a nation of savers

(January 13, 2005) Sometimes stereotypes exist for a reason. Canadians are typically seen as somewhat boring, though we would argue we’re cautious and thoughtful. Recent surveys on investment attitudes tend to back that up. “Three words define Canadians’ approach to their investments: control, conservatism and confidence,” says Allan Smith, COO of Saxon Funds Management Limited. […]

By Steven Lamb |January 13, 2005

3 min read

RRSP investors shy about foreign content

(January 13, 2005) Canadian investors aren’t big on making use of their foreign content allowances. In fact, only 5% of RRSP holders have reached their 30% foreign content limits, and more than one-third have no registered foreign holdings at all. These findings come from the most recent RBC Financial Group and Ipsos-Reid Marketing Research telephone […]

By Kate McCaffery |January 13, 2005

3 min read