Industry News

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Morningstar report angers Canadian advisors

A report by Morningstar Inc. has sparked an outcry, after the Chicago-based research firm suggested that Canadian financial advisors were directing clients into higher fee mutual funds simply to earn higher trailer fees. Advisor.ca has received numerous e-mails from advisors on both sides of the issue: those who challenge the report and those who view […]

By Steven Lamb |May 13, 2009

3 min read

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The CFA Institute announced Wednesday that 128,000 individuals from 154 countries have registered to write the June 2009 CFA exam — an increase of 14% from 2008. Despite the economic downturn, the CFA Institute continues to see a steady global increase in the number of CFA candidates. Since 1990, the compound growth rate for global […]

By Staff |May 13, 2009

2 min read

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Fund study blames advisors on fees

Just as the client calls about market losses are tapering off, advisors may soon face a brand new onslaught of angry calls, thanks to a study from the U.S. which is bound to gain traction in the mainstream press. Canadian mutual fund investors are fairly well protected, according to a study of funds in 16 […]

By Steven Lamb |May 12, 2009

3 min read

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Briefly:

Institutional investors will focus on global and emerging equities and bonds over the next three years as they recover from the current financial downturn, according to a recent report from Scottish specialist investment management firm Martin Currie. The same report finds that hedge funds, infrastructure and real estate are secondary options. At the bottom of […]

By Staff |May 12, 2009

3 min read

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Edward Jones ramps up

It may not be a boom time for sales but it’s a boom time for financial advice, according to Edward Jones Canada. The subsidiary of the American-based financial advice giant is looking to add nearly 500 staff — including 250 advisors — to its roster in the greater Toronto area alone. Gary Reamey, the principal […]

By Mark Noble |May 12, 2009

3 min read

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China appears be showing early signs of a bull market, according to a recent report from CIBC World Markets. Elsewhere in East Asia factories are being re-ignited back to life. In Japan, production in March rose by 1.6% — the first material gain in 10 months. Estimates for April and May see monthly increases of […]

By Staff |May 11, 2009

4 min read

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Delayed retirement inevitable: Dytchwald

The concept of early retirement could be a thing of the past. That’s one of the conclusions of a report by Dr. Ken Dytchwald entitled Retirement at the Tipping Point: The Year That Changed Everything. The report, based on a survey executed in March, assesses the economic impact of the past year and outlines the […]

By Al Emid |May 11, 2009

3 min read

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Fund diligence in the post-Madoff era

One of the consequences that will result from the number of financial scandals that have plagued the market will likely be a greater fiduciary responsibility for advisors to do their homework on the funds they recommend, a panel on due diligence in Toronto emphasized. The Alternative Investment Management Association (AIMA) of Canada brought together three […]

By Mark Noble |May 11, 2009

5 min read

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According to Mercer’s 2008 Global Manager Search Trends report, global search activity for investment managers slowed down in 2008. During 2008, Mercer advised on 676 manager searches across the world, representing $93 billion in assets placed. The most notable decreases in search activity were seen in the U.K., continental Europe and Australia, where funds focused […]

By Staff |May 8, 2009

2 min read

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The financial baton will pass to women

An inaugural event for female financial advisors, “Investing in You,” organized by the Advisor Group, reinforced the importance of women to the financial industry at a time when the very essence of their womanhood — empathy — is the new market mantra for attracting and retaining clients. The keynote panel focused on how successful women […]

By Kanupriya Vashisht |May 8, 2009

3 min read

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