News and resources for Canada's top financial advisors
Industry
(July 4, 2003) The Independent Financial Brokers of Canada (IFB) says it will spearhead a lobbying effort in favour of a passport registration system that would allow advisors to operate across the country. IFB president David Barber has pledged to take a “lead position” on the issue, including posting a paper on the association’s Web […]
By Doug Watt |July 4, 2003
2 min read
The reception for telecom services has been very clear throughout the “great telecom implosion” of the past two years. Facing slack demand, fierce pricing pressure and a cash crunch, it has been clearly dreadful. Times could be changing – for the better, believe it or not. One signal of the wireless telecom service segment’s resurgence […]
By Staff |July 3, 2003
(July 3, 2003) Tactical asset allocation fund managers are embracing the contrarian approach, diving headfirst back into equities, while investors do the opposite, according to a recently released report from research firm FundMonitor.com. Analyst Anthony Corona says that after a prolonged period of decline, many tactical asset allocation managers see equities as attractively valued, while […]
By Doug Watt |July 3, 2003
(July 4, 2003) IFIC is predicting that June will prove to have been another month of investor exodus from mutual funds, with early estimates seeing net redemptions hitting between $450 million and $850 million. Larger firms were the hardest hit, with AGF seeing $229 million in net redemptions. Some smaller firms posted positive net sales, […]
By Staff |July 2, 2003
4 min read
(July 2, 2003) Ontario’s mutual fund dealers are facing consistently rising regulatory fees amid a tough economic environment, says IFIC. An analysis conducted by IFIC reveals that some fund dealers’ fees will rise more than 50% in 2003, due to several new regulatory initiatives. Major regulatory costs for fund dealers in Ontario include Ontario Securities […]
By Doug Watt |July 2, 2003
(June 27, 2003) Federal Finance Minister John Manley continued to promote Canada as a place to do business, as he took his tour to the world’s financial capital, New York City. In a luncheon speech the finance minister reiterated the challenges facing Canada that he had outlined on Wednesday in Toronto, including scares over mad […]
By Steven Lamb |June 27, 2003
(June 27, 2003) The Canadian economy has had a good run, but its luck is running out, says Don Drummond, senior vice-president and chief economist at TD Bank Financial Group. He predicts that very soon the U.S. economy will begin to outperform Canada’s. “Canada’s economic outlook has soured noticeably in recent months,” Drummond said in […]
3 min read
Roadblocks to family wealth planning and their solutions What’s on the mind of one of Canada’s most experienced insurance advisors? (June 27, 2003) Arguably one of the most popular breakout seminars at the Million Dollar Round Table annual meeting belonged to Toronto-based industry consultant Norm Trainor, whose “eight best practices” session attracted 1,600 delegates, 100 […]
By Sheila Avari |June 27, 2003
National securities regulator would save $40 million a year, study says Offshore account ownership must be disclosed, IDA says Retail dealers surviving as profits collapse Market cons facing longer jail sentences, expert says (June 26, 2003) Forget about seminars, direct mail, cold-calling and other “spray and pray” advisor marketing techniques, says consultant Duncan MacPherson. Current […]
By Doug Watt |June 26, 2003
Roadblocks to family wealth planning and their solutions What’s on the mind of one of Canada’s most experienced insurance advisors? (June 26, 2003) How much an advisor takes home in pay directly impacts his or her perception of the financial advice industry, according to a recent survey commissioned by industry leader John J. Bowen Jr.’s […]
By Sheila Avari |June 26, 2003
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