Industry News

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Ontario regulator seeks fund firms vigilance

(November 6, 2003) The Ontario Securities Commission (OSC) has sent a letter to the managers of all retail mutual fund companies traded in Ontario, asking them to confirm that their firms have effective policies in place to prevent the type of trading abuses being investigated in the U.S. “There is no indication at this time […]

By Steven Lamb |November 6, 2003

2 min read

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Advisor Forum update: Advisor-author laments lack of professionalism

(November 6, 2003) Professionalism (or a lack thereof) in the financial advice industry can be compared to the emperor’s new clothes: very few would argue with the facts but nobody wants to come out and say what those facts are. And the facts are troubling. The industry cannot agree on any consistent standards unlike the […]

By Deanne N. Gage |November 6, 2003

3 min read

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Bank branches eroding independent advisor advantage

True wealth: Service first Practitioners shown how to pump up marketing muscle Advisor.ca’s Investment Policy Statement (IPS) template (November 6, 2003) Through the bear market, some clients have decided to seek out the comfort they felt in an earlier time, when GICs provided more than enough income and they could be bought from two or […]

By Scot Blythe |November 6, 2003

6 min read

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Poor fund performance won’t deter buyers, says research firm

(November 5, 2003) Conventional wisdom holds that as mutual fund performance improves, so do their sales — and conversely sales dry up, when performance tanks. But according to data from Investor Economics, this should not be taken as the gospel truth. In 2002, mutual fund assets shrivelled in Ontario by 11.4% or just over $21 […]

By Steven Lamb |November 5, 2003

2 min read

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IG in the mood for further expansion, analysts believe

(November 5, 2003) Jeff Orr is coy about future acquisitions but some industry experts think the president and CEO of Investors Group may be working — or about to work — on bringing a new company under its umbrella to make it the biggest mutual fund company in Canada by an even larger margin. For […]

By Geoff Kirbyson |November 5, 2003

4 min read

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Illustration software can misstate taxes and skew financial plans

(November 5, 2003) As boomers retire and live longer, while inheriting substantial amounts from their cautious Depression-era parents, financial planning stands poised as the 21st-century profession. But some of its basic tools remained rooted in the 1980s, says Dave Faulkner, an advisor who moved into financial software development before his firm was bought by CCH […]

By Scot Blythe |November 5, 2003

4 min read

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Academic asks

(November 4, 2003) Sometimes it’s easy to overlook the obvious, like taking into consideration your client’s job when designing a financial plan for them. Clearly their income will play a key role in planning, but have you factored in their job security? You should, according to York University professor Moshe Milevsky. In the cover story […]

By Steven Lamb |November 4, 2003

2 min read

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FPA Success Forum update: Practitioners shown how to pump up marketing muscle

speak at association meetings; join industry or professional trade groups; join industry or professional trade groups; speak at association meetings; write articles for the publications your target group reads; and/or sponsor and/or exhibit at your target group’s events. Swift even offered up an event suggestion to increase community visibility — a financial literacy class for […]

By John Craig |November 4, 2003

3 min read

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Passport system being fast-tracked by regulators and politicians: CSA chair

(November 4, 2003) Canada’s securities regulators are working with provincial finance ministers in an attempt to quickly set up a system that would permit passport-style registration for financial advisors and firms, says Stephen Sibold, chair of the Canadian Securities Administrators (CSA). Registration has been a thorn in the side for many advisors who complain that […]

By Doug Watt |November 4, 2003

3 min read

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Briefly:

(November 7, 2003) With the mutual fund industry coming under scrutiny, Manulife has announced it is making its proprietary ratings system for funds available to advisors on its Web site’s advisor portal, Repsource. The firm says describes its i-Watch system as being a “manager for the managers,” rating them on both a quantitative and qualitative […]

By Staff |November 3, 2003

7 min read

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