Industry

Decorative pattern

Fund sales suffer late summer slump

(September 2, 2004) Mutual fund sales fell into net redemptions in August for the first time in nearly a year, according to IFIC’s preliminary data. Based on a sample of data from IFIC members, net sales for August are estimated to be between minus $250 million and $150 million, IFIC said today. “Net redemptions for […]

By Doug Watt |September 2, 2004

1 min read

Decorative pattern

Canadians expect mortgage rates to rise

(September 1, 2004) Clients with mortgages coming up for renewal may soon be seeking your advice. The majority of Canadian homeowners and prospective homebuyers expect mortgage rates to rise over the next 12 months, with the average estimate of a five-year closed mortgage rate hitting 7.2%, according to a survey by CIBC and Decima Research. […]

By Steven Lamb |September 1, 2004

3 min read

Decorative pattern

Fund industry waits on proxy voting rules

(September 1, 2004) A new rule requiring U.S. mutual funds to fully disclose their proxy votes at shareholder meetings is now in force. Canadian regulators have introduced a similar proposal, but there are concerns that the Canadian version doesn’t provide the same level of disclosure, as well as worries about how long it will take […]

By Doug Watt |September 1, 2004

4 min read

Decorative pattern

Market sees explosion of F-class offerings

(August 31, 2004) In case there was any question that investors are becoming more leery of sales commissions and hidden fees, mutual fund manufacturers have been unleashing a torrent of F-class funds aimed at capitalizing on this trend. According to a report published on Morningstar Canada’s Web site today, the number of F-class funds is […]

By Steven Lamb |August 31, 2004

2 min read

Decorative pattern

Broker fights for right to incorporate

(August 31, 2004) Doctors do it. Lawyers and insurance agents do it. Even mutual fund advisors can do it, at least for the time being. Nick Grady can’t figure out for the life of him is why investment advisors can’t do it. “It” is incorporating one’s practice, a move that has significant income tax implications […]

By Geoff Kirbyson |August 31, 2004

4 min read

Decorative pattern

Briefly:

(September 3, 2004) Franklin Templeton Investments has announced unitholders of Franklin U.S. Small Cap Growth Fund have voted to expand the mandate of the fund to include the ability to invest in U.S. mid-cap companies. “The change to the mandate allows the fund to take advantage of the growth opportunities that exist in the U.S. […]

By Staff |August 30, 2004

5 min read

Decorative pattern

Technology viewed as key to productivity

(August 30, 2004) Advisors who neglect their back-office technology are leaving themselves at the mercy of the marketplace, as rivals become increasingly efficient and meet client’s needs, according to one of Canada’s prominent business minds. “If you are really successful in any enterprise, you need to root out where the key points of tension are,” […]

By Steven Lamb |August 30, 2004

3 min read

Decorative pattern

Going HNW requires full-time commitment, expert says

(August 30, 2004) Advisors interested in changing to an exclusive focus on high net worth clients can’t go the part-time route, says Toronto-based advisor Kurt Rosentreter. Affluent clients will see through it, the Berkshire advisor said at a recent wealth management conference in Toronto. “HNW is a specialty and if you take it seriously and […]

By Doug Watt |August 30, 2004

2 min read

Decorative pattern

B.C. drops firm-only registration

(August 27, 2004) Just two months after announcing that B.C. advisors would no longer be required to register individually, the British Columbia Securities Commission (BCSC) is shelving its controversial firm-only registration system. The BCSC introduced firm-only registration as part of a comprehensive re-write of the province’s securities laws, schedule to be enacted in November. Under […]

By Doug Watt |August 27, 2004

2 min read

Decorative pattern

Competition to heat up in HNW sector, says researcher

(August 27, 2004) Competition will soon become fierce in the financial advice industry, especially in the high net worth sector, as growth in the wealth market slows, according to one prominent researcher. “Over the next ten years we are going to experience slower growth,” says Goshka Folda, senior consultant and managing director at Investor Economics. […]

By Steven Lamb |August 27, 2004

2 min read

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