Industry News

Decorative pattern

Advice rules in changing investment landscape, says researcher

(April 26, 2004) Despite stiff competition from banks and discount brokers, financial advisors control the bulk of Canada’s wealth market, says Earl Bederman, head of financial research consultancy Investor Economics. The advice channel held 55% of the country’s wealth market at the end of 2002, Bederman said in a recent presentation to financial writers and […]

By Doug Watt |April 26, 2004

3 min read

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E-Trade controversy stirs advisor debate

(April 23, 2004) E-Trade’s forced about-face on a program to sell F-class funds directly to the public generated some strong opinions from advisors this week in Advisor.ca’s Talvest Town Hall. The discount brokerage had to suspend its FundPlus program after the two participating fund companies pulled out. “Steve K” started the debate, calling the demise […]

By Doug Watt |April 23, 2004

3 min read

Decorative pattern

With lower returns, costs matter: Malkiel

(April 23, 2004) Index-investing pioneer Burton Malkiel is projecting considerably lower returns on equities — in fact on all financial assets — something that makes costs matter all the more. But it also means disciplining investor expectations. Malkiel, the Chemical Bank Professor at Princeton University, was speaking in Toronto yesterday to the annual conference of […]

By Scot Blythe |April 23, 2004

5 min read

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Online tutorial aims to improve advisor-client relationships

(April 22, 2004) The Investor Education Fund today launched a new online tutorial aimed at helping investors work effectively with financial advisors. The program — called “How to Work With A Financial Advisor” — walks users through a number of scenarios involving different types of advisors, focusing on mutual fund sales representatives and brokers. Although […]

By Doug Watt |April 22, 2004

2 min read

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Advisors hailed for volunteer work

(April 22, 2004) Maritimers have a reputation for being friendly, helpful folks and two of the country’s largest financial institutions are honouring members from Atlantic Canada for their volunteer work. Investors Group (IG) and Sun Life are marking National Volunteer Week by singling out advisors in Halifax and Moncton respectively for their contribution to their […]

By Steven Lamb |April 22, 2004

3 min read

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Suspicions raised as E-Trade’s F-class program stalls

(April 21, 2004) Discount broker E-trade has been forced to shelve plans to sell F-class funds directly to investors after two fund companies decided not to participate. Some insiders believe industry pressure halted the program. E-Trade announced its new FundPlus program on March 30, promising investors access to low-fee F-class funds (usually sold exclusively through […]

By Doug Watt |April 21, 2004

3 min read

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Manitoba budget taxes

(April 20, 2004) The Manitoba government tabled its 2004 budget last night, which included a vague line that may have left advisors puzzled. “Effective July 1, 2004, retail sales tax will be applied to certain legal, accounting, architectural, engineering, security and private investigation services,” the budget stated. “Currently, most provinces apply sales tax to these […]

By Steven Lamb |April 20, 2004

1 min read

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Provinces can take first step to national regulation, says regulator

(April 20, 2004) The road to a national securities regulator could begin with a co-operative agreement involving as few as two provinces, says the chair of the Ontario Securities Commission (OSC). Ontario and Alberta are the two most logical choices, OSC chair David Brown said today following a speech in Toronto promoting the concept of […]

By Doug Watt |April 20, 2004

2 min read

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Briefly:

(April 23, 2004) Pension fund returns continued to grow in the first quarter, buoyed by strong performance in their stock portfolios, according to Mercer Investment Consulting. “The major equity market indices posted very solid returns in the first two months of the year with a modest reversal in March,” said Marcel Larochelle, practice leader for […]

By Staff |April 19, 2004

8 min read

Decorative pattern

Scrap fund governance proposals: Stromberg

(April 19, 2004) Securities lawyer Glorianne Stromberg has joined the growing chorus of advocates railing against new mutual fund governance rules proposed by the Canadian Securities Administrators (CSA). Stromberg says the changes will not serve the interests of investors or the fund industry and should be withdrawn. “If the proposals are implemented in their present […]

By Doug Watt |April 19, 2004

2 min read

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