Industry News

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Briefly:

Dynamic Funds announced today that three target date mandates are being added to the DynamicEdge Portfolios family. DynamicEdge 2020, 2025 and 2030 Target Date Portfolios are all available in either a corporate class structure or as a trust. The portfolios begin the initial asset allocation balanced between equities and fixed income securities (DynamicEdge 2020 starts […]

By Staff |April 26, 2010

2 min read

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Help clients cope with unemployment

Firings and layoffs continue in Canada, notwithstanding a generally improving job picture. Last week, the Canadian Union of Post Workers warned of job losses in Kitchener, stating that Canada Post planned to consolidate operations, shifting work to Toronto. Some job-threatened individuals in Kitchener, or those who lost their jobs earlier this year or last year, […]

By Al Emid |April 23, 2010

4 min read

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Advising the wealthy retiree

I recently had some interesting conversations about retirement with affluent boomers who were vacationing at the same resort I was visiting. I suspected they might be HNW when one talked about arriving in his own plane and another proclaimed this her fourth visit to the pricey destination this year. Here are a few comments from […]

By Eileen Chadnick |April 23, 2010

3 min read

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Briefly: Changes to BMO funds and more

BMO Investments Inc. has announced changes to the distribution policy of BMO U.S. High Yield Bond Fund and changes to the investment strategies of BMO U.S. Dollar Monthly Income Fund, BMO U.S. Special Equity Fund and BMO European Fund. The distribution policy of BMO U.S. High Yield Bond Fund will change to provide monthly distributions […]

By Staff |April 23, 2010

3 min read

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McCarthy: BMO, AIG integration seamless

It’s been a year since BMO acquired AIG Life of Canada and going by what Peter McCarthy, president and CEO, BMO Life Assurance Company, has to say, it is a marriage made in heaven. “It’s been a very good acquisition both for the bank and for those of us at the insurance company,” says McCarthy. […]

By Vikram Barhat |April 22, 2010

3 min read

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Advocis defends cutting managers

Advocis, the Financial Advisors Association of Canada, has released five senior managers as part of the organization’s ongoing re-structuring. “We’ve made some changes at the organization and as part of our new strategic direction, Advocis has been developing and implementing a new business model over the past year,” Peter Tzanetakis, the organization’s vice-president of regulatory […]

By Al Emid |April 22, 2010

2 min read

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Briefly: BMO: Reform retirement savings and more

A new BMO Retirement Institute report asks the Canadian government to make reforms aimed to give Canadians more control over their retirement savings. “BMO’s view is that the personal savings component cannot be ignored when looking at how we can improve the current pension regime,” said Tina Di Vito, head of BMO Retirement Institute, BMO […]

By Staff |April 22, 2010

4 min read

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Shifting mortgage strategies

Mortgages holders have been having a blast with the lowest interest rates they will likely see in their lifetimes. However, it now looks as though the economy has been doing so well in rehab that the low interest diet is changing to something with a little more protein. Although Mark Carney and the Bank of […]

By Brenda Craig |April 21, 2010

3 min read

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Volcano fallout could impact commodities

Eyjafjallajökull is not just a word people can’t pronounce. It is the picture of a global crisis smeared with plumes of ash and dire financial repercussions. First the airline industry, then tourism, and now cargo – industry after industry is falling prey to the knock-on effects of the current volcanic eruptions in Iceland. These eruptions […]

By Vikram Barhat |April 21, 2010

3 min read

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High-net-worth mystery shoppers

Is your prospective client a gruff millionaire who makes stiff demands and is given to secretly scribbling copious notes? Watch out, he or she could be a mystery shopper trained to test your mettle—and merit—as an advisor. But wait, there’s no way you can call the bluff. UBS, the global financial services firm, has perfected […]

By Kanupriya Vashisht |April 21, 2010

7 min read

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