Industry

Decorative pattern

Briefly:

(December 19, 2003) Eighty-nine per cent of Canadians plan to contribute at least as much to their RRSP for 2003 as they did for the 2002 tax-year, according to a survey by Manulife Investments. The same survey found that 43% of respondents work with a financial advisor or planner. Households with income over $70,000 were […]

By Staff |December 15, 2003

6 min read

Decorative pattern

Net fund sales top $500 million in November

(December 15, 2003) Investors bought up more than half a billion dollars in mutual funds in November, according to IFIC, with $513 million in new money flowing into funds. “This is the second consecutive month of positive sales and the fourth in the last five months,” said Tom Hockin, IFIC’s president and CEO. “Long-term fund […]

By Steven Lamb |December 15, 2003

2 min read

Decorative pattern

Don’t forget financial New Year’s resolutions

I will check and revise my insurance coverage to match my changing needs As your life evolves (career, marriage, family), your need for income protection and estate planning changes. That is why you should resolve to find out how much and what type of insurance is important in your situation. I will be a prudent […]

By Steven Lamb |December 12, 2003

3 min read

Decorative pattern

Geiss story unites advisors in the Talvest Town Hall

(December 12, 2003) The IDA might want to take note: Advisors are angry and calling for a revolution. At least, that’s the prevailing sentiment in the Talvest Town Hall, following Wednesday’s Advisor.ca story about prominent financial planner Bernie Geiss leaving the securities industry. Geiss, a fee-for-service planner, quit the securities side of his business this […]

By Steven Lamb |December 12, 2003

3 min read

Decorative pattern

Advisors left looking for new tax shelters

(December 12, 2003) The federal government’s abrupt move to outlaw “buy low, donate high” charitable tax shelters has left advisors who were selling the investment high and dry. Some are angry with the CCRA, but there’s also concern over finding new kinds of shelters Ottawa will permit in the future. Earlier this week, the finance […]

By Doug Watt |December 12, 2003

3 min read

Decorative pattern

Survey finds advisors favour equities, trusts

(December 11, 2003) They have dominated the Toronto IPO market for the past two years. The mainstream media has warned they are a bubble waiting to burst. But income trusts are still one of the most popular investment vehicles for this RRSP season. A survey conducted for The ADVISOR Group has found income trusts are […]

By Steven Lamb |December 11, 2003

2 min read

Decorative pattern

Late mutual fund trading likely not a concern in Canada, says IFIC

(December 11, 2003) The vast majority of Canada’s mutual fund firms follow strict time-stamping protocols, effectively eliminating the possibility of late trading, according to the country’s investment fund industry association. IFIC officials held a media briefing today in Toronto to respond to the scandals that have plagued the U.S. fund industry. Although the fund industries […]

By Doug Watt |December 11, 2003

2 min read

Decorative pattern

B.C. planner quitting securities industry in regulatory dispute

(December 10, 2003) A prominent B.C. financial planner is quitting the securities side of the industry in a regulatory dispute with his dealer and the IDA. Bernie Geiss — a fee-for-service planner currently with Berkshire Securities in Vancouver — says he’s selling the investment side of his business in January and resigning from the brokerage […]

By Doug Watt |December 10, 2003

4 min read

Decorative pattern

RBC foresees strong equities in 2004

(December 9, 2003) Economists at the Royal Bank are predicting a strong year ahead for equity markets, pointing out that while cautious Canadians sit on the sidelines, aggressive Americans are already back in the game. “Canadians are cautious by nature, but with money market returns likely to remain low over the next year, a profit […]

By Steven Lamb |December 9, 2003

2 min read

Decorative pattern

Fair dealing concept paper in drafting phase

(December 9, 2003) Two hundred and forty advisors have submitted comments on the Ontario Securities Commission’s (OSC) controversial fair dealing model since a special interactive Web site was set up last year. The long-overdue fair dealing concept paper is now in the drafting phase, and should be released “fairly soon,” says the OSC’s Julia Dublin. […]

By Doug Watt |December 9, 2003

3 min read

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