Industry News

Decorative pattern

Ottawa names financial literacy task force

Calls for increased financial education finally appear to have been heard, as the federal government has commissioned a new national task force on financial literacy. The task force, announced by Finance Minister Jim Flaherty in Toronto on Friday, will be chaired by Sun Life CEO Donald Stewart. The task force was promised in the 2009 […]

By Steven Lamb |June 26, 2009

4 min read

Decorative pattern

Wealthy clients may be ready for risk

It isn’t just the faint-hearted who cowered during this downturn; the world’s millionaires and billionaires also went underground, seeking refuge in safer and homebound investments, according to the 2009 World Wealth Report from Merrill Lynch and Capgemini. Globally, the recession-singed high net worth market — $1 million or more in investable assets — suffered a […]

By Kanupriya Vashisht |June 26, 2009

3 min read

Decorative pattern

Briefly:

Research in Barclays Capital’s flagship publication, Global Outlook: Green Shoots Blossom, has found economic growth likely to increase in the second half of 2009. Asia is already experiencing rapid growth. However, investors have yet to factor in a rebound in the U.S. and European markets, likely because of fears regarding household and business balance sheets. […]

By Staff |June 26, 2009

5 min read

Decorative pattern

Briefly:

BetaPro Management has announced the launch of four new commodity-based exchange traded funds, aimed at tracking the long-term performance of the underlying resource. These ETFs do not use leverage and do not rebalance at the end of the trading session, two strategies that have been criticized for skewing long-term performance. “Due to advisor and investor […]

By Staff |June 25, 2009

2 min read

Decorative pattern

Get your finance basics right

All advisors know tax strategies can mean the difference between so-so and stellar financial planning. But does the average advisor really understand every tax particular? Tax expert Jamie Golombek recently surprised a group of financial planners with a pop quiz to find out. Here’s a sample question: A capital loss is carried back from 2008 […]

By Deanne Gage |June 25, 2009

4 min read

Decorative pattern

Feds buy two AIG units, plan IPO

American International Group (AIG) will reduce outstanding U.S. federal loans by $25 billion (US) by giving the federal government a stake in two big life insurance units. The plan would eventually see American Life Insurance Company and American International Assurance Company spun off as publicly-traded companies. In an effort to reduce debt, AIG also entered […]

By Melissa McCormick |June 25, 2009

2 min read

Decorative pattern

Financial tips for NHL’s new drafts

More than 200 young hockey players will be drafted at the 2009 NHL Entry Draft in Montreal on Friday. And the grinders, defencemen and smooth skaters who make it to the big league, will find themselves swept into a ritzy world of ice, admirers and mega bucks. While the fame might stick, the money often […]

By Kanupriya Vashisht |June 25, 2009

4 min read

Decorative pattern

MFDA rewrites compensation rule

Advisors who receive their commissions through a corporation not registered with the Mutual Fund Dealers Association could see this arrangement formally accepted by the SRO, which has technically banned such arrangements until now. The MFDA has published for comment a proposed amendment to Rule 2.4.1, which requires that commissions be paid to the member firm, […]

By Steven Lamb |June 24, 2009

2 min read

Decorative pattern

Briefly:

Governments must continue with pension reforms to ensure the solvency of the plans, the Organization of the Economic Co-operation and Development (OECD) declared in a report issued Wednesday. Concerns have arisen about governments becoming too preoccupied with rebuilding the economy, while ignoring the longer-term issues facing pension plans. The report encouraged countries to remain committed […]

By Staff |June 24, 2009

4 min read

Decorative pattern

Market turmoil mars investor satisfaction, loyalty

Unless you delight in being the contrarian, it’s a truism, tried and tested, that investor sentiment yo-yos with market peaks and troughs. And a J.D. Power and Associates study released today confirms it. The Canadian Full Service Investor Satisfaction Study finds overall satisfaction among full-service investors in Canada declined considerably in 2009 — to 693 […]

By Kanupriya Vashisht |June 24, 2009

3 min read

← Previous 1 … 1,762 1,763 1,764 1,765 1,766 … 2,188 Next →