News and resources for Canada's top financial advisors
Industry
The net inflows into ETFs versus traditional mutual funds continues to be quite large, to the point that ETF providers are not asking if but rather when will ETFs hit $100 billion in assets under management in Canada? According to Investor Economics, there are currently 104 Canadian sponsored ETFs across the five major sponsors in […]
By Mark Noble |October 30, 2009
4 min read
The economic recovery will be gradual for most companies, fragile for many, and largely dependent on the ability to learn from past mistakes, Ernst & Young says in a new report. Picking the brains of more than 500 partners from around the globe, the ‘Lessons from Change’ report states that the overwhelming consensus is that […]
By Staff |October 30, 2009
2 min read
Has there been enough of a recovery for to advisors to get clients to invest in their registered retirement savings plan? That’s seems to be the big question hanging over the upcoming RRSP season. The industry has to contend with whether clients are finally ready to take their cash off the sidelines and throw them […]
By Al Emid |October 29, 2009
Canada’s landscape of independent mutual fund managers has shrunk once again. Seamark Asset Management and GrowthWorks have agreed on a merger. The combination will create a mid-size firm with roughly $3 billion in assets under management. The new firm will be called Matrix Asset Management, with GrowtWorks and Seamark as subsidiary brands under the new […]
By Mark Noble |October 29, 2009
3 min read
I hear the phrase, “your network is your net worth,” everywhere I go. I must admit, the best investment I ever made in my own business was to start my fifth networking group. Yes, the fifth time is the charm. I’m not sure about the rest of the country, but from the time I started […]
By Stephanie Holmes-Winton |October 28, 2009
Sometimes advisors can get lost in all the dollar and cents, and forget that they have a unique set of skills that can, and often does improve the lives of others. After 20 successful years in the financial services industry, Nicola Elkins knew she was destined for something more. Having worked for some of the […]
By John Powell |October 28, 2009
For the third consecutive quarter, Canadian small cap managers outperformed large cap managers, according to the latest Russell Active Manager Report. The median small cap manager return of 19.5% in the third quarter of 2009 was more than 9% ahead of the median large cap manager return of 10.2%. “This was the strongest out performance […]
By Staff |October 28, 2009
For advisors, the introduction of the tax free savings account in January has been a nice little sweetener to a pretty sour year for getting new money. The novelty of the TFSA is far from worn out, a new survey by RBC suggest clients still don’t understand what they are or how to use them […]
By Mark Noble |October 27, 2009
Gaelen Morphet, is departing as lead manager at CIBC Asset Management, to become the Empire Life’s new chief investment officer. Morphet is bringing two CIBC analysts her to Empire Life. Lieh Wang will become a Senior Portfolio Manager, and Nessim Mansoor, will become a portfolio manager. “We are extremely pleased to announce these appointments,” says […]
By Staff |October 27, 2009
Advisors in the full-service brokerage are likely taking notice of the announcement of the sale of Blackmont Capital to Australian-based wealth giant Macquarie Group. It was reported early Monday, Blackmont, which is an independent full-service brokerage firm with more than 130 investment advisors across Canada, will be purchased for $CAN93.3 million. The firm will now […]
By Mark Noble |October 26, 2009
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