Industry News

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The $100,000 question: Advisor salaries hot topic in Talvest Town Hall

Year 1: $20,000-$25,000 Year 1: $20,000-$25,000 Year 2: $26,000-$32,000 Year 3: $32,000-$36,000 Year 4: $38,000-$44,000 Year 5: $46,000-$52,000 Year 6: $56,000-$60,000 Related News Story 2nd Annual Dollars & Sense Survey: Getting results “If you do very well, you could improve those numbers by 25% or more,” added Wayne, noting that he hit $100,000 in his […]

By Doug Watt |February 20, 2004

2 min read

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Corporate boards still male dominated

(February 19, 2004) Women are making progress in Canada’s business world, but still only represent 11% of the country’s corporate directors, according to a survey conducted by research group Catalyst. While that is an improvement from 9.8% in 2001, it shows women remain under-represented in the boardroom. In fact, 51.4% of boards have no women […]

By Steven Lamb |February 19, 2004

1 min read

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MFDA extends suspension of commission payment rule

(February 19, 2004) The payment of mutual fund commissions to personal corporations will be permitted until at least the end of 2006. Earlier this month, the MFDA’s board of directors agreed to further suspend a rule that would prohibit such a business arrangement. MFDA rule 2.4.1 requires that all commissions be paid by fund dealers […]

By Doug Watt |February 19, 2004

2 min read

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Emerging markets will fuel commodity boom, says fund manager

(February 18, 2004) The development of full-scale market economies in China and India will create a commodity pricing boom the likes of which has never been seen before, predicts a senior BMO fund manager. Donald Coxe, the Chicago-based chair and chief strategist of Harris Investment Management — a U.S. subsidiary of BMO — says about […]

By Geoff Kirbyson |February 18, 2004

3 min read

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Central bank watching loonie carefully

(February 17, 2004) The Bank of Canada is keeping a close eye on the strength of the Canadian dollar as it considers the direction of interest rates, says governor David Dodge. In a speech today in Mexico City, Dodge said the central bank’s short-term goal is to keep inflation around the 2% mark. But he […]

By Doug Watt |February 17, 2004

1 min read

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Venture capital industry slides again

(February 17, 2004) Venture capital (VC) activity continued to decline in 2003, with both the total value of disbursements and the number of deals sagging, according to a report from the Canadian Venture Capital Association (CVCA). “Reduced capital raised by funds, together with uncertain market outlooks for portfolio companies, has made venture investors cautious,” says […]

By Steven Lamb |February 17, 2004

2 min read

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Briefly:

(February 20, 2004) The Ontario Teachers’ Pension Plan (OTPP) posted an 18% return in 2003, the third-best performance in the fund’s 14-year history. The plan’s net assets climbed to $75.7 billion at the end of last year, compared to $66.2 billion in 2002. “We were surprised at the strength of the markets this year. All […]

By Staff |February 16, 2004

7 min read

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IFIC reports strong fund sales in January

(February 16, 2004) Mutual fund sales continued to strengthen in January, with net new sales of long-term funds hitting $1.8 billion, up from $1.3 billion in December, according to IFIC. An additional $292.8 million in distributions was reinvested as well, taking the net sales total to $2.1 billion. Gross sales of all funds, including money […]

By Steven Lamb |February 16, 2004

2 min read

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Beware of performance ads, says fund analyst

(February 16, 2004) The mutual fund advertising landscape has changed dramatically this RRSP season. After several years promoting the benefits of long-term investing and financial planning, the fund industry has returned to performance-based advertising. That’s a dangerous game, says analyst Dan Hallett. Historical data on fund flows reveals a strong tendency for investors to chase […]

By Doug Watt |February 16, 2004

2 min read

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Lure of the boutique examined in mid-February’s Advisor’s Edge

(February 13, 2004) There’s a certain mystique about breaking free from restraints, choosing your own path and heading out on the open road. Coming on the heels of an era where “bigger is better” was the business mantra, many top advisors are deciding to break away from their bank-based practice and charting a course with […]

By Steven Lamb |February 13, 2004

2 min read

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