News and resources for Canada's top financial advisors
Industry
(November 5, 2004) Young working Canadians are starting to express a renewed interest in disability insurance, a product whose popularity has been on the decline in recent years. Keith Malkin, living benefits consultant at Canada Life, says fewer advisors sell disability insurance than 10 years ago, partly due to the enthusiasm over critical illness products. […]
By Art Melo |November 5, 2004
2 min read
(November 5, 2004) While the global economy has powered on for over a year, the high cost of fossil fuels threatens to put on the brakes, according to The Conference Board of Canada. In its World Outlook – Autumn 2004, the think-tank says the world economy should experience growth of 4% for the current year, […]
By Steven Lamb |November 5, 2004
1 min read
(November 4, 2004) Evidence that Canada may indeed be a haven for money laundering was tabled in the House of Commons today, as Finance Minister Ralph Goodale released the 2003-04 Annual Report of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The total value of suspicious transactions tracked by FINTRAC rose dramatically in […]
By Steven Lamb |November 4, 2004
(November 4, 2004) Montreal-based life insurance firm Industrial Alliance has signed an agreement to purchase BLC-Edmond de Rothschild Asset Management from Laurentian Bank and Paris-based Compagnie Financière Edmond de Rothschild Banque. The deal will include an upfront payment of $65 million and a final payment of $8 million five years after the transaction closes, subject […]
By Doug Watt |November 4, 2004
(November 4, 2004) The IDA has crunched the numbers on an extensive shareowner study conducted for the TSX earlier this year. The results reveal that although IDA member firms have benefited from a decline in mutual fund sales, there are still competitive challenges for the brokerage industry. The TSX study found that although mutual fund […]
(November 3, 2004) Clients are generally satisfied with their financial advisor, according to a comprehensive cross-border study. But the same study suggests advisors are under-resourced and having a difficult time meeting client contact goals. Julia Littlechild of Advisor Impact surveyed 6,500 clients of advisors in Canada and the U.S. in partnership with Moss Adams. She’s […]
By Doug Watt |November 3, 2004
(November 3, 2004) Joseph Coughlin says he sees the future and that independent insurance brokers have several strategies available for prospering as it unfolds. An aging population has led to “disruptive demographics” and the “disruptive consumer,” explained Coughlin, who is an expert on aging and the founding director of the Massachusetts Institute of Technology AgeLab. […]
By Art Melo |November 3, 2004
3 min read
(November 3, 2004) Sometimes a debate can become so polarized that the real issue at hand is lost to the audience. No, we’re not talking about presidential politics here. This time it’s asset allocation. The debate between active and passive management is essentially artificial, but both sides have “found religion” and taken an unrelenting stand […]
By Steven Lamb |November 3, 2004
(November 2, 2004) The Ontario government is moving ahead with several key changes to the province’s securities legislation, including giving investors the right to sue companies for fraud and restructuring the Ontario Securities Commission. Chair of Management Board Gerry Phillips says the creation of a single national securities regulator remains his top priority. But he’s […]
By Doug Watt |November 2, 2004
(November 2, 2004) Canadian mutual fund investors who put their money into domestic equities were well rewarded in October, as Canadian equity funds outperformed, according to preliminary data from Morningstar Canada. Record-high oil prices gave a big boost to the Canadian stock markets, while stifling advances in the other jurisdictions, most notably in the U.S. […]
By Steven Lamb |November 2, 2004
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