Industry News

Boomer retirement plans being tested

As boomers head down the home stretch in retirement, they do so with a depleted portfolio. Once again, this is forcing advisors to rethink how boomers’ retirement will be different from preceding generations. One suggestion being put out by RBC Royal Bank is for advisors to consider altering their clients’ financial plans in the five […]

By Mark Noble |May 8, 2009

5 min read

Industry

By the numbers: Women in the advisor channel

The traditionally male-dominated financial industry is headed for a female revolution, with statistics suggesting by 2010, 60% of American wealth will likely be controlled by women; and these women prefer to deal with women. In conjunction with our conference for women financial advisors, “Investing in You,” Tricia Benn and Elizabeth Hall, director and senior research […]

By Staff |May 7, 2009

1 min read

Industry

Briefly:

The latest results of the RBC CASH (Consumer Attitudes and Spending by Household) Index show that more than half of U.S. consumers believe the economy is on the track to recovery. “Better-than-expected news about the economy and corporate earnings is helping consumers to recognize that the worst is behind us,” said RBC Capital Markets managing […]

By Staff |May 7, 2009

3 min read

Industry

Sprott questions logic of rally

Being a contrarian can hurt sometimes, especially when the markets are enjoying a broad upswing. For Canada’s most vocal bear, the latest rally is doing little to change his mind. Eric Sprott, president and CEO of Sprott Asset Management, acknowledges that his portfolios have taken a bit of a beating, especially among the short positions […]

By Steven Lamb |May 7, 2009

3 min read

Pundits cynical about bank stress tests

Confidence is not high. So say the majority of critical thinkers handicapping the expected results of stress tests being performed on the largest U.S. banks. The results are scheduled for release on May 7 — provided they’re not delayed a second time. Needham, Massachusetts-based think tank Tower Group expressed concerns about the test methodology, saying […]

3 min read

Millionaires feeling less wealthy

A million dollars just isn’t what it used to be. A survey of American millionaires conducted by Fidelity Investments found that nearly half (46%) do not feel particularly wealthy and are looking for ways to rebuild their wealth. These survey respondents were not simply millionaires in name alone; they had an average of $3.5 million […]

3 min read

Briefly:

RBC Dexia Investor Services introduced its new quarterly Pooled Fund Survey, today. The survey presents comparative return information for individual pooled funds available within Canada. The survey will allow for various pooled funds to be evaluated according to their individual mandates, peers, and benchmarks. The inaugural survey is available now on rbcdexia.com. Going forward, the […]

By Staff |May 6, 2009

2 min read

Down markets, not downtime

In a time of an unprecedented global financial crisis, record unemployment, and when almost everyone’s investment portfolio is experiencing substantial losses, it would be understandable if advisors felt pessimistic about their prospects. “Not so,” says Susan Neal, a regional director at Investors Group. “This kind of market provides an excellent opportunity for advisors. During difficult […]

3 min read

CI sets up institutional practice

One of Canada’s largest retail asset managers has launched a new business division that will focus exclusively on the institutional investment marketplace. CI Investments has announced the launch of CI Institutional Asset Management. This brings together CI’s existing institutional distribution business and KBSH Capital Management, which was merged with Signature Global Advisors in December 2008. […]

1 min read

RBC remains Canada’s most valuable brand

RBC has once again earned top spot in the Canada’s Most Valuable Brands report by Brand Finance Canada, a biannual study that ranks Canadian brands based on the financial value of a brand trademark. With a brand value pegged at nearly C$5.4 billion, RBC held on to the No. 1 rank it also owned in […]

2 min read