News and resources for Canada's top financial advisors
Industry
The TMX Group is cutting its trading fees on securities that trade at $1 and higher on Toronto Stock Exchange and TSX Venture Exchange. The changes will take effect on April 1 and are subject to regulatory approval. The current three-tier fee structure will also be replaced by a simpler two-tier structure. The fee per […]
By Staff |March 22, 2010
1 min read
The RRSP may be the most familiar retirement saving strategy, but it might no longer be the automatic choice. The popularity of the RRSP mushroomed when investors had few other tax shelters available, but the financial landscape has changed, and the well-rounded advisor knows there are other options. Tax-Free Savings Accounts are an obvious tool […]
By Al Emid |March 19, 2010
4 min read
Recently, I met for a scheduled coaching session with one of the independent advisors who I support. He has a successful and well-established financial-planning practice. He was concerned with the potential impact on the value of his books of insurance policies and mutual funds should he die or become incapacitated. As Vince Valenti pointed out […]
By Casey Cerson |March 19, 2010
3 min read
Clearing agencies in Ontario will soon be required to obtain a recognition order or an exemption, according to a staff notice from the Ontario Securities Commission (OSC). Effective March 1, 2011, “the new mandatory recognition requirement for clearing agencies will provide the tools necessary to impose requirements on all entities that perform this critical role,” […]
By Staff |March 19, 2010
Advisors in the UK may be facing a formidable competitor: their own government. Chancellor of the Exchequer Alistair Darling has launched a new website which promises to deliver impartial financial advice to users. Perhaps slightly more disturbing than all the free financial advice, the website – moneymadeclear.co.uk — also provides instructions on what action to […]
By Staff |March 18, 2010
An increasing number of young Canadian couples are choosing to keep their fiscal matters divorced, according to a new study by RBC. The study, which focused on couples between 18 and 35 years of age, reveals that a third (34%) of them keep completely separate bank accounts and financial portfolios owing primarily to the need […]
By Vikram Barhat |March 18, 2010
The current pattern of volatility in global currency markets and the recent rally in the loonie against the U.S. dollar are having a menacing effect on the investors with exposure to foreign markets. Currencies are much more volatile today than they have been in ages — a function of world-wide changes in economic or financial […]
By Vikram Barhat |March 17, 2010
The vast majority of Canadian investors don’t know a large portion of their retirement income can be generated from investment growth, according to a survey by Russell Investments and Harris/Decima Retirement Research. Most respondents (88%) were oblivious to the possibility that about 60% of their investment income could come from growth that occurs during retirement. […]
By Vikram Barhat |March 16, 2010
The federal government’s Task Force on Financial Literacy has confirmed that March 23 is the deadline to register to make a presentation at one of its public sessions in Vancouver, Yellowknife, Calgary, Saskatoon, and Winnipeg between April 6 and 9. Those wishing to make a presentation at the public sessions should register on the Task […]
By Staff |March 16, 2010
2 min read
The Chartered Financial Analyst Institute (CFA Institute) is voicing staunch support for proposed regulatory reform bill in the U.S. The proposed Senate Banking Committee bill addresses critical issues such as systemic risks, bank regulatory responsibilities, trading risks, and other considerations for investor priorities. “Having a properly structured oversight body for systemic risk is critical,” says […]
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