Industry News

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Industry

Fee transparency trumps structure: readers

Our mailbox continues to fill with opinions on the fate of trailer commissions, following a story we ran earlier this week on 12(b)-1 fees in the U.S. With all the fuss over how an advisor is compensated, one reader pointed out that un-advised investors are frequently still paying the fee for advise to their execution-only […]

By Steven Lamb |August 13, 2010

3 min read

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Industry

Briefly:

CI Investments has announced the rescheduling of a securityholder meeting to vote on the proposed merger of United Financial’s Artisan Portfolios and Institutional Managed Portfolios. The meeting will be held on September 17, 2010. It had originally been scheduled for August 12. Also on September 17, securityholders will vote on CI’s proposal to merge the […]

By Staff |August 13, 2010

1 min read

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Industry

Advised Canadians are far better off: IFIC

Here’s a suggestion for those who question the value of financial advice: take it easy…but take it. Having advice is strongly associated with the accumulation of financial wealth regardless of income level or age, according to an Investment Funds Institute of Canada (IFIC) report. The study, titled The Value of Advice: Report, reveals financial advice […]

By Vikram Barhat |August 12, 2010

3 min read

Decorative pattern

Industry

Briefly:

Invesco Trimark has announced that it is renaming a large number of its funds and portfolios to simplify its lineup of product brands. The company now offers three distinct product brands: Trimark, Invesco and PowerShares. There is no change to the funds’ investment style or objectives, and no action is required by financial advisors or […]

By Staff |August 12, 2010

3 min read