News and resources for Canada's top financial advisors
Industry
(November 17, 2004) Investment firms should be required to report their performance results based on a single, global standard. That’s the goal of the CFA Institute, which held a conference recently in Vancouver to discuss the convergence of investment performance standards. The CFA Institute (formerly known as AIMR), began working on standards for U.S. and […]
By Doug Watt |November 17, 2004
2 min read
(November 2004) This fall has seen the unveiling of three new studies for advisors seeking to attract affluent clients. According to these reports, the most profitable and sustainable business models for these advisors involve three key elements. It’s about being on the right platform, having the right service offering and building the right team. Let’s […]
By Darin Diehl |November 17, 2004
3 min read
(November 16, 2004) The trend towards independent review committees (IRCs) for mutual funds is on the rise. At this point, the reasons are purely practical and the committees have a narrow mandate. Some industry executives view the move as getting a jump on the regulators, who are expected to introduce a broader fund governance regime […]
By Doug Watt |November 16, 2004
(November 16, 2004) The Canadian venture capital industry invested $498 million in the third quarter of 2004, 21% more than the $411 million in the same period of 2003, according to the quarterly report from Canada’s Venture Capital and Private Equity Association (CVCA). “The continued upturn in investment activity confirms the end of the declines […]
By Steven Lamb |November 16, 2004
(November 15, 2004) Canadian mergers and acquisitions activity continues to set a pace not seen since 2001, with 200 transactions worth $31.8 billion taking place in the third quarter, according to investment bank Crosbie and Company. So far this year, there have been 649 transactions worth a total of $86.5 billion, up 40% from 2003 […]
By Steven Lamb |November 15, 2004
(November 15, 2004) Stock market activity declined slightly in the third quarter of the year, with equity issuance reaching $10.6 billion, down 11% from Q2, the IDA says. Still, equity issuance remains at relatively high levels compared to last year, driven by Canada’s booming resource sector. For the first nine months of the year, total […]
By Doug Watt |November 15, 2004
(November 15, 2004) Advisors who calculate their clients’ net worth using traditional accounting practices are missing the big picture, according to finance professor Moshe Milevsky. The personal financial balance sheet includes assets and liabilities — subtracting one from the other leaves the client’s net worth. “You probably do this with all your clients,” Milevsky says. […]
(November 19, 2004) The makers of a popular software application for the life insurance industry has announced the release of its latest version. CoVirt’s VirtGate 6.0 includes the ability to toggle between English and French, extended underlying data models which accommodate new product types and an option to import CANNEX data. “VirtGate users are able […]
By Staff |November 15, 2004
7 min read
(November 15, 2004) Canadians sold off mutual funds in October, with net redemptions of $52 million, according to the latest monthly data from IFIC. That marks an improvement of more than $500 million in redemptions in September. “This is really just a continuation of a trend away from money market funds, which are not perceived […]
(November 12, 2004) By now, the only way to have avoided hearing “China is an excellent growth investment” is to have been living in the proverbial cave. Investment in China has been trumpeted so many times over the past few years that you might assume that it’s too late to even start, thinking that you’re […]
By Steven Lamb |November 12, 2004
4 min read
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