Industry News

Decorative pattern

Briefly:

Sprott Asset Management, famous for its affinity for gold bullion, sees another golden investment opportunity: Canadian Olympic athletes. For every gold medal won by a Canadian at the Vancouver Olympics, the firm will donate $100,000 to the Canadian Athletes Now Fund (CAN Fund), a not-for-profit organization devoted solely to raising funds and awareness of Canadian […]

By Staff |February 4, 2010

3 min read

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Confusion, worry cloud retirement plans: polls

It must be RRSP season. Three major banks released surveys today that offer glimpses into Canadians’ views on retirement and insights into the asset accumulation formulas needed to get them to their golden years. What recession? Volatility or not, I’m retiring on time. That was the prevailing attitude uncovered by a Scotiabank study that found […]

By Philip Porado |February 4, 2010

4 min read

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Mutual funds sales lukewarm

The sale of mutual funds was tepid in January, a month traditionally seen as the start of “RRSP Season” for many investors. Industry net sales were somewhere between $314 million and $814 million, according to a preliminary report from the Investment Funds Institute of Canada. “This January we were seeing very strong portfolio rebalancing activity […]

By Steven Lamb |February 3, 2010

2 min read

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Briefly:

AGF Management Limited has appointed Thomas Clancy as director of U.S. business development, AGF Investments America Inc., as part of its drive into the U.S. institutional investment market. “We are pleased to welcome Tom to our growing and experienced U.S. team led by AGF managing director Richard Nino,” said Gary Wing, AGF senior vice-president, institutional. […]

By Staff |February 3, 2010

3 min read

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Stick with stocks, BMO advises

The patient is a little worse for wear, but they will likely survive on a prescription of equities, equities and more equities. That’s the diagnosis being given by the some of the most prominent financial analysts when it comes to where the economy and markets are heading in 2010. What’s striking about this prescription is […]

By John Powell |February 3, 2010

4 min read

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Equity funds lead January retreat

Last year may have been the best 12 months that mutual fund investors have seen in the last 15 years, but 2010 is off to a poor start, according to data compiled by Morningstar Canada. In the first month of the year, 30 out of 43 Morningstar Canada Fund Indices posted negative returns, as stock […]

By Steven Lamb |February 2, 2010

2 min read

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Briefly:

Creststreet Asset Management has appointed Michael D. Clare as vice-president, investments. He joined Creststreet in 2008 and has held roles of increasing responsibility in investment analysis since. Clare will co-manage Creststreet’s investment funds along with the firm’s managing director and founder, Robert J. Toole. Clare succeeds Stephen R. Martin, who has left the firm to […]

By Staff |February 2, 2010

2 min read

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Planning and Advice

Building your business

Building a business is a bit like working a jigsaw puzzle. Before you spread out all the pieces, you need to look at the big picture on the box. Then you separate the edge pieces – build the structure first – and categorize all the other pieces by shape, size and colour. After considerable trial […]

By Kanupriya Vashisht |February 1, 2010

12 min read

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Planning and Advice

Celebrating Advice: Measuring a clients’ needs

While most advisors quickly realized they needed to change lanes on risk-allocation, and pull the brakes on emotionally charged, recession-ravaged clients, Jeff Swanson, owner of Vancouver-based Swanson Financial Footprint, says he avoids speed bumps by keeping greed firmly in check during bull runs. “The good times are the most dangerous times and I know how […]

By Kanupriya Vashisht |February 1, 2010

4 min read

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Debt freedom comes in retirement: study

Since the fall of 2008, one of the leading trends in both the investment industry and the broader economy has been deleveraging. Consumers are delaying purchases and clients may be investing less as they strive to reduce their total debt loads. It appears that debt elimination is a long-term strategy, with the final goal often […]

By Steven Lamb |February 1, 2010

3 min read

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