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Association elects new national board for 2003-2004 Leveraging: The good, the bad and the ugly Maritime Life chief reminds advisors true value is in client relationships Taking stock a little early with association’s chair More Advocis Conference Coverage Taking stock a little early with association’s chair Maritime Life chief reminds advisors true value is in […]
By Deanne Gage |June 13, 2003
3 min read
(June 13, 2003) In another sign that distressed markets are pushing alternative investments into the mainstream, the manager of Canada’s public pension system is putting out a tender for hedge fund managers to add value to its portfolio of 2,000 stocks. The CPP Investment Board (CPPIB) manages a $17.5 billion portfolio that includes global stocks, […]
By Scot Blythe |June 13, 2003
1 min read
(June 2003) The first-ever Advocis national conference was held in St. John’s, Newfoundland, from June 11 to June 14. Advisor.ca was there to file the following reports about the various panel discussions, break-out educational sessions and the annual general meeting (as a bonus, this package includes a brand-new client communications guide for the rest of […]
By Staff |June 12, 2003
(June 12, 2003) There is good news for advisors seeking to expand their high net worth practice, as Cap Gemini Ernst &Young and Merrill Lynch released details of their World Wealth Report. The number of high net worth (HNW) individuals in Canada rose last year, swelling the ranks of “The Millionaire’s Club” by 15,000 to […]
By Steven Lamb |June 12, 2003
(June 12, 2003) A controversial report from Morningstar Canada analyzing rising management expense ratios (MERs) in the mutual fund industry is fair, one industry analyst has concluded. However, the increase in MERs is perhaps not as dramatic as it first appears, says Dan Hallett, senior investment analyst at Sterling Mutuals. The report, released earlier this […]
By Doug Watt |June 12, 2003
2 min read
Describe scenarios instead of making predictions; Remember their true value is in providing outcomes, not illustrations; and Keep in close contact with clients. During his freewheeling and entertaining presentation, Black also touched on bank mergers (he’s against them, saying they don’t serve the customer’s best interests), insurance company consolidation (he thinks the industry is nearing […]
By John Craig |June 12, 2003
(June 11, 2003) Registered pension plans (RPPs) lost nearly $4 billion last year as stock prices declined, forcing employers to significantly increase their contributions, Statistics Canada reported today RPPs had revenues of $13.7 billion and expenses of $15.3 billion in the fourth quarter of 2002, resulting in a $1.6 billion loss. For the year, the […]
By Doug Watt |June 11, 2003
(June 10, 2003) In down markets, investors are likely to question anything they suspect is draining their accounts. And if they think mutual fund fees are higher than they used to be, they might be right. A report from Morningstar Canada says Canadians paid over $10 billion annually for the past three years and it […]
By Steven Lamb |June 10, 2003
(June 10, 2003) Recognition and adulation from industry peers and clients alike could be yours if you are selected as a 2003 Advisor of the Year Award winner. But you’ll never know unless you get your case study entry in before this year’s June 27 deadline — read on for full details. For the fourth […]
“Bold and aggressive” plan unveiled to reposition regulatory model Association elects new national board for 2003-2004 Leveraging: The good, the bad and the ugly Maritime Life chief reminds advisors true value is in client relationships Taking stock a little early with association’s chair More Advocis Conference Coverage Taking stock a little early with association’s chair […]
By John Craig |June 10, 2003
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