News and resources for Canada's top financial advisors
Industry
The clock is ticking for individual and business tax filers, as the annual ritual of mental gymnastics, strategic tax planning and paperwork is well underway. For business owners, the Canadian Federation of Independent Business (CFIB) has released a research report that examines and compares different provincial tax regimes across the country. For individuals, a new […]
By Kate McCaffery |April 8, 2009
3 min read
Northwest & Ethical Investments L.P. (NEILP) has announced that it will integrate the operational platforms of Northwest Funds and The Ethical Funds Company, effective April 13, 2009. The move will allow investors to switch freely between any of the Northwest Funds, Ethical Funds or Credential Funds managed by NEILP, assuming the desired fund is available […]
By Staff |April 7, 2009
2 min read
Sustainable and social investment advocates may be feeling short-changed by last week’s G20 summit in London, despite a pledge by world leaders to set aside more than $1 trillion US in an effort to overhaul the financial system and keep the global economy from slipping into a depression. For the first time ever, six regional […]
By Doug Watt |April 7, 2009
This downturn has proven that insurance companies are not immune to market conditions, but some of the old standby insurance products — most notably whole life — are seeing a resurgence in sales. Advisors who offer comprehensive financial plans need to find ways to generate revenue, and by many accounts, investments are not fitting the […]
By Mark Noble |April 7, 2009
5 min read
National Bank Securities has announced plans for a massive overhaul of its mutual fund lineup, which would result in the merger of 29 National Bank and Altamira Funds with similar investment objectives. The plan calls for the modification of three funds’ investment objectives, and includes renaming 15 funds to better reflect their investment objectives and […]
By Staff |April 6, 2009
Ontario’s harmonized sales tax proposal seems to have created a disconnect between advisors and their investment fund providers. Ontario-based fund firms see their operating costs skyrocketing. Many advisors, however, get a tax break. But it’s the investors who’ll end up paying more. The mutual fund industry has been very vocal about adding the provincial sales […]
By Mark Noble |April 3, 2009
4 min read
Most of the time, it feels like the advisory channel is the only segment of the financial services industry under scrutiny. But take heart, the Investment Industry Regulatory Organization of Canada has announced a hearing into activities of online discount brokerage Questrade. The hearing stems from allegations that, from December 2006 to the present, the […]
By Staff |April 3, 2009
Chicago-based Hub International Limited has announced a pair of acquitisions in the Canadian market, through two of its local subsidiaries. Hub Financial, the Canadian-based managing general agency and subsidiary of Hub International Limited, has completed the acquisition of Best Advice Financial Services, based in Toronto. The purchase adds over 100 servicing brokers to the Hub […]
By Steven Lamb |April 3, 2009
1 min read
This week: a little bit of humour mixed with the logic of quantitative easing. Cover effect Investment contrarians have long been intrigued by what goes on a magazine cover. Business Week’s Death of Equities cover in 1979 is one example, although it took another three years for a bull market to begin. Similarly, in the […]
By Scot Blythe |April 2, 2009
It could be the great sucker’s rally — or maybe, just maybe, the markets have found a bottom. Either way, your client’s may have recovered a lot of money last month, according to data from Morningstar Canada. In sharp contrast to two previous months, which saw mutual fund losses troll record depths, 20 of the […]
By Mark Noble |April 2, 2009
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