News and resources for Canada's top financial advisors
Planning and Advice
(March 2005) My legal practice consists of representing advisors and dealers in litigation and regulatory matters, as well as employment law. So, when an employment case recently landed on my desk, I became excited. The issue involved a dispute between advisors and a branch manager from RBC Dominion Securities in Cranbrook, B.C., who, in 2000, […]
By Ellen J. Bessner |March 18, 2005
3 min read
(March 2005) With personal income taxes in the spotlight at this time of the year, some of your clients and prospects may be wondering what they can do to reduce their annual tax burden. Make them aware how you can help by sending them the following letter: Dear [Client’s name], As springtime approaches, we have […]
By Staff |March 17, 2005
2 min read
(March 2005) Relationships, we are told, are the key to success in the advisory business. Fair enough. But let me ask you: what makes a good relationship with a high-networth client? Is it whether you and the client get along on a personal level? Whether the client says he or she is satisfied? Whether the […]
By Thane Stenner |March 15, 2005
5 min read
(March 2005) What happens when an advisor recommends Portus to a client and then stops all communication when the firm’s assets are frozen? It’s not a pretty story, but you can probably guess the outcome. The advisor loses the client, who is left frustrated and upset. Debbie*, a single parent and business owner from Edmonton, […]
By Doug Watt |March 9, 2005
(February 2005) With Portus stuck in regulatory limbo, advisors are offering guidance to colleagues who may have referred clients to the hedge fund firm. Although the current controversy over Portus may not be directly comparable, it has some advisors harkening back to the grim days of the bear market when they were forced to deal […]
By Staff |February 28, 2005
4 min read
(March 2005) Most advisors have a basic level of knowledge about their clients that comes from the “Know Your Client” information gathered at the outset of the working relationship. But over time, you can augment this “hard” information with “soft” information that can only surface in conversation. To hone your conversation technique and to develop […]
By Barry LaValley |February 21, 2005
(February 2005) Are your clients puzzled and frustrated by the lacklustre performance of today’s markets, such that they’re losing sight of their long-term goals? Then send them this template letter that uses two charts to illustrate the importance of staying invested. This will also remind them that you are just a phone call away and […]
By Staff |February 18, 2005
Untitled Document Franklin Templeton Investments has developed a flash tool and collateral to be used with clients on the benefits of diversifying across all asset classes. Why Diversify? Show your clients how a diversified portfolio is the best investment strategy. Download our industry-recognized Why Diversify? poster, a simple tool that clearly highlights the value of […]
By Staff |February 11, 2005
(February 2004) So you want to focus your practice on the wealthy. A wise choice. Working with high-net-worth (HNW) individuals and families means greater remuneration, greater client stability, and more significant professional challenges. But what kind of wealthy people do you want to work with? It’s an important question. Contrary to popular belief, not all […]
By Thane Stenner |February 9, 2005
(February 2005) Surveys say that clients want more contact. Top advisors say that developing a call schedule ensures that they get on the phone to initiate this contact. Having a structured schedule in place allows you and your team to contact clients on a regular basis without the calls always appearing sales-related. This consistent communication […]
By Joanne Ferguson |February 2, 2005
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