News and resources for Canada's top financial advisors
Planning and Advice
Liz and Phil Royal are a typical Canadian entrepreneurial couple: Close to retirement, oodles of retained earnings and no coherent plan for retirement. They are the prototypical case offered to the 100 registered financial planners who gathered for the sixth annual Institute of Advanced Financial Planners (IAFP) conference in September in Regina. To understand some […]
By Romana King |December 12, 2008
10 min read
They come to Canada with jumbo dreams—bigger homes, better education, improved lifestyles for their kids, and ample dough. Gradually, reality dribbles in—steep real estate prices, soaring education costs, complex estate planning issues, and stringent tax laws. For some the dream turns nightmarish when they stumble upon a financial regime irreconcilably different from the one they […]
By Kanupriya Vashisht |December 12, 2008
9 min read
All people, regardless of background, upbringing, culture or life experience, have very similar planning needs if they live in this country—make money, save money, perhaps put the kids through school, hopefully save enough to fund a good retirement and do it all in a way that’ll minimize taxes. With that in mind it seems like […]
By Kate McCaffery |December 12, 2008
The debate between the relative merits of active and passive strategies has waged for some time now. Often, it is waged with journalists and academics taking the passive side and advisors taking the active side. Now, as pretty much everyone knows, neither side has been able to score an unchallenged victory. Given that this is […]
By John De Goey |December 12, 2008
3 min read
Farming is a tough life, with the benefits of fresh air and being your own boss counter-balanced by a sometimes low income and the illiquidity of assets. A farmer’s net worth is almost entirely tied up in the land. At retirement that asset can typically be liquidated to fund a pretty comfortable lifestyle—but the plan […]
By Staff |December 12, 2008
7 min read
Life
Congratulations, you’re a telemarketer. At least that’s what you are in the eyes of the newly enacted Do Not Call Legislation (DNCL). Among other things, advisors’ firms must now register with, and provide information to, the National DNCL operator before initiating a telemarketing communication. But how will this change your world? And what potential opportunities […]
By Helena Smeenk Pritchard |December 12, 2008
4 min read
Canada is changing. I took my oath of citizenship two months ago, and the judge who presided over the ceremony pointed out the 83 of us assembled hailed from 67 different countries. A Brazilian man in front of me brought along a large Canadian flag and asked all of us to sign it as a […]
By Philip Porado |December 12, 2008
2 min read
Let’s say you’ve been carefully planning your exit from the business over several years — and then suddenly the investing landscape shifts, clients cash out of equities, and your revenue stream drops 20, 30 or 40%. Or maybe you’ve been thinking about expanding your practice through an acquisition but have been watching the market roller-coaster […]
By Alison MacAlpine |December 9, 2008
Over the past two months, Peter Gemmell, branch manager at Assante Wealth Management in Abbotsford, B.C., has shared his book buying process, based on years of experience buying other people’s practices for the advisors in his branch. Click here to read part 1, and click here to read part 2 of Gemmell’s insights. This month, […]
If you are contemplating the purchase of a business, the transition process should be cemented well before a price has been finalized. All too often, key elements of the transition plan are not adequately negotiated, and the result is a difficult and even contentious turnover that costs the parties emotionally and financially. It is important […]
By Owen Dahl |December 9, 2008
5 min read
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