Industry News

Briefly:

(May 9, 2008) The Alberta Securities Commission (ASC) is urging Albertans to exercise caution before they make a decision about where to invest their refunds.. During the month after the tax filing deadline, many companies start to promote investment opportunities, encouraging investors to use income tax refunds to “start early this year.” The ASC urges […]

By Staff |May 9, 2008

4 min read

Industry

Feds unveil new locked-in account options

Clients with locked-in holdings have new spending options at their disposal after the federal government released amendments to the Pension Benefits Standards Regulations, which make good on commitments outlined in this year’s federal budget. According to federal documents, the changes are intended to improve the quality of life for individuals holding federally-regulated locked-in Registered Retirement […]

By Kate McCaffery |May 9, 2008

5 min read

Industry

On The Shelf: Richardson Partners offers SRI

(May 8, 2008) Richardson Partners Financial and Jantzi Research announced Thursday that they’re teaming up to offer advisors “best-of-sector” research and a new Canadian SRI mandate. Thanks to Jantzi, Richardson Partners’ advisors will have access to Canadian, U.S. and international research to help clients with their SRI investing. “For a growing number of high-net-worth individuals, […]

By Staff |May 8, 2008

1 min read

Industry

Briefly:

(May 8, 2008) Looking for a new job? How about president and CEO of Manulife Financial, or maybe chairman of Power Financial? At their respective annual shareholders’ meetings on Thursday, both firms announced the high-ranking executives would be retiring. Manulife’s current president and CEO, Dominic D’Alessandro, will relinquish his duties in May 2009, while Robert […]

By Staff |May 8, 2008

2 min read

Men easier prey for fraudsters: BCSC

Maybe you can blame it on testosterone, but when it comes to investment fraud, men are easy marks, according to a study by the British Columbia Securities Commission. Using data compiled by the Canadian Securities Administrators (CSA) in 2006 and 2007, the BCSC found that while women are approached less frequently with shady investment opportunities, […]

2 min read

Planning tips for aspiring entrepreneurs

It’s very likely one of your clients will try his or her hand at being an entrepreneur and will look for your advice, concludes a new survey conducted by Ipsos-Reid on behalf of RBC Royal Bank. Based on the proportion of respondents to the survey who said they want to be an entrepreneur, RBC estimates […]

By Mark Noble |May 8, 2008

4 min read

Briefly:

(May 7, 2008) Canadians relying on defined contribution (DC) pension plans may be in for a shock when they retire, according to the Association of Canadian Pension Management (ACPM). The group says member-directed pensions will “not contribute meaningfully to an adequate retirement income.” In a report entitled Delivering the Potential of DC Retirement Savings Plans, […]

By Staff |May 7, 2008

3 min read

Advisors prefer fast, flexible marketing aid: Study

Boston-based Financial Research Corporation has completed a study, based on a survey of advisors and branch managers, outlining the most effective marketing methods to obtain advisor business. Craig Kilgallen, the study’s author and director of the FRC’s Advisor Insight series, says the shift into more holistic planning has decreased the time advisors have to spend […]

By Mark Noble |May 7, 2008

5 min read

Investors stay in cash at their own peril: Report

The report finds that Canadians are holding onto a record $45 billion in extra cash they normally would invest in the markets, which represents 10% of the total personal liquid assets in Canada. Benjamin Tal, senior economist at CIBC World Markets, says $35 billion worth of equity funds have been cashed out in the last […]

By Mark Noble |May 7, 2008

4 min read