Industry News

Decorative pattern

Family offices retool after recession

The family office is turning back to basics, focusing more on risk ad wealth management services in the wake of the Great Recession, according to a study by U.S. Trust/Campden Research. Entitled Building for the Future, the study found advisors to ultra-high-net-worth families are reassessing their service models, with many weighing the viability of their […]

By Steven Lamb |December 15, 2009

2 min read

Decorative pattern

Fund sales stage a recovery

Investors returned to mutual funds in November, reversing the sell-off seen in October, according to the Investment Funds Institute of Canada. Total net sales for the month were $438.8 million, compared to October’s net redemptions of $291.4 million. Total assets under management climbed $13.8 billion to $586.3 billion in November. Rising markets certainly helped matters, […]

By Steven Lamb |December 15, 2009

3 min read

Decorative pattern

TMX Group to launch bond clearinghouse

A proposed clearinghouse for trading in repurchase agreements (repos) is expected to greatly enhance the efficiency and safety of Canada’s short-term fixed income market. TMX Group’s Canadian Derivatives Clearing Corporation (CDCC) has been commissioned by the Investment Industry Association of Canada (IIAC) to develop the infrastructure for central-counterparty services to the Canadian fixed income market. […]

By Mark Noble |December 15, 2009

3 min read

Decorative pattern

Briefly:

Canadian retail investor sentiment is often seen as contrarian indicator, given the individual’s proclivity to buy and sell at the wrong time. Here’s hoping that they are right this time, as a survey from PricewaterhouseCoopers finds 80% of Canadians are confident in the domestic banking system. “Canadians continue to see that our banks are well […]

By Staff |December 14, 2009

3 min read

Decorative pattern

Managers bullish on Canadian equities

It may be tax-loss selling season, but many investors are already looking ahead to 2010. After a 54% rise since the S&P/TSX Composite Index hit bottom in March, the easy pickings might be gone, but that doesn’t mean confidence has slumped. The latest Russell Investment Manager Outlook survey found that 83% of professional investment managers […]

By Steven Lamb |December 14, 2009

3 min read

Decorative pattern

The value of professional advice

Recently, one of our company’s core beliefs — that investors are best served by skilled, principled and knowledgeable financial advisors — has come into question in the mainstream media. Some of the commentaries and assertions about advisors have been so outrageous that it prompted me to write this article. Our business has and always will […]

By Peter Intraligi |December 14, 2009

4 min read

Decorative pattern

Life industry set to make progress on paperless apps

The absence of an industry-wide electronic life insurance application (e-app) system has been a headache for years. CLIEDIS, the Canadian Life Insurance Standards Association, believes it will be able to finally create the template for working e-app system at its upcoming executive summit. The organization has put out an invitation to senior decision makers at […]

By Mark Noble |December 11, 2009

3 min read

Decorative pattern

Briefly:

The unfortunate events of the past year may lead to some good. One third of Canadian workers and retirees (33%) claim to have improved their saving habits over the past year, according to Desjardins Financial Security’s 2009 Rethink Retirement survey. More than half of all retirees (53%) saw their savings and investments shrink, compared to […]

By Staff |December 11, 2009

4 min read

Decorative pattern

Some clients are changing retirement plan

When the credit crisis swelled a year ago, the first phrase on a lot of clients’ lips was, “What will this mean for my retirement?” A year later, investors have reached something resembling acceptance, with many advisors being told clients plan to remain in the workforce an extra year or two, or will be adjust […]

By Philip Porado |December 11, 2009

3 min read

Decorative pattern

PM market numbers: December 11, 2009

The Toronto stock market closed lower Friday, with losses particularly heavy in the telecom sector after the federal government opened the wireless business to a new competitor. The S&P/TSX composite index fell 40.64 points to 11,423.93, for a loss of 86.87 points or 0.75% this week. Other data showed U.S. retail sales rose 1.3% in […]

By Staff |December 11, 2009

2 min read

← Previous 1 … 1,726 1,727 1,728 1,729 1,730 … 2,188 Next →