News and resources for Canada's top financial advisors
Industry
(February 12, 2003) Every advisor has at least one person — or more likely a number of people — whom they see once a year for a last-minute RRSP contribution. But RRSP season can be a perfect time to bring these people on board as full-fledged clients, according to a story in the February issue […]
By John Craig |February 12, 2003
2 min read
(February 11, 2003) The long-awaited National Registration Database is just weeks away from launching, with regulators currently completing final tests. February 7, 2003, was the deadline for firms to register. The NRD, which will allow companies to file registration forms online for multiple jurisdictions, will be up and running March 31. All provinces and territories […]
By Doug Watt |February 11, 2003
(February 11, 2003) For fund companies struggling to staunch the outflow of money from mutual funds, advertising is out and meeting advisors directly is in. That shifting outreach reflects more than investor disappointment, however. It acknowledges that funds are sold, not bought, and advisors hold the key to sales. More than that, the balance of […]
By Scot Blythe |February 11, 2003
5 min read
(February 10, 2003) The Financial Planners Standards Council, which controls the Certified Financial Planner mark in Canada, is clarifying its position on other professional designations after agreeing to accredit the Institute of Canadian Bankers as a registered financial planning education provider. Several advisors have complained that the FPSC is guilty of a double standard, by […]
By Doug Watt |February 10, 2003
(February 7, 2003) Federal Finance Minister John Manley will bring down his first federal budget on Tuesday, February 18. Manley made the announcement today in the House of Commons. Economists predict that the surplus for the current fiscal year should come in ahead of previous forecasts, perhaps as high as $6 billion. That would give […]
By Doug Watt |February 7, 2003
(February 7, 2003) Advocis, the country’s largest association of financial advisors, says it’s time the industry took steps to reduce fragmentation by working together on common projects. After consulting with 18 professional associations and financial services firms, Advocis today released an ambitious “call to action” paper, suggesting a more cooperative approach would better serve the […]
3 min read
(February 6, 2003) Every year, the Fraser Institute makes headlines by calculating Tax Freedom Day, the day the average Canadian has finished paying taxes for the year. Now, Barclays Global Investors is calculating Fee Freedom Day, when the average mutual fund investor stops paying fees and starts keeping the returns generated from their investment. This […]
By Doug Watt |February 6, 2003
(February 6, 2003) Canadian wealth managers — banks, insurance companies, investment counsellors and mutual fund distributors — foresee future growth in better stock market performance, not by buying rivals, a survey by PricewaterhouseCoopers reports. The survey, which polled 25 wealth managers with a total of $1.4 trillion in assets, found that 40% of wealth managers […]
By Scot Blythe |February 6, 2003
(February 5, 2003) The president of Ethical Funds has rejected complaints that the mutual fund company’s current advertising campaign trivializes environmental issues. The print and billboard ads show a business professional with the caption “I don’t wear hemp, burn incense, or hug trees.” The complaint came from the head of a Vancouver hemp clothing retailer. […]
By Doug Watt |February 5, 2003
(February 5, 2003) The Canada Pension Plan posted marginally positive numbers over the last three quarters as strong bond performance offset mixed results in the plan’s equity portfolio, says CPP Investment Board president John MacNaughton. For the nine months ending December 31, 2002, the CPP’s investment income rose by $114 million, for a 0.8% rate […]
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