News and resources for Canada's top financial advisors
Planning and Advice
(December 2003) Looking for some books to recommend to clients about certain financial planning topics? Advisor.ca has compiled a list of some of this year’s financial titles that might be just what you’re looking for: The basics Money 101: Every Canadian’s Guide to Personal Finance, by Ellen Roseman (John Wiley & Sons), ISBN: 047083236-3, $26.95 […]
By Wendi Phillips |December 19, 2003
4 min read
(December 2003) Wish your clients the best for the holiday season, re-emphasize the importance of investing for the long term and remind them that it’s time to review their portfolios with you — all with this one customizable letter! Dear [Client’s name], With the year drawing to a rapid close (as they always seem to […]
By Staff |December 16, 2003
2 min read
(January 2004) Lawyers e-mail private information every day. It is a fast, efficient way to work out the wording of agreements, add necessary details and express differing points of view. No lawyer wants to go back to the old days. They may not have a choice. The Personal Information Protection and Electronic Documents Act (PIPEDA), […]
By Don Shaughnessy |December 10, 2003
(November 24, 2003) Let’s look at some simple tools and practices that can help you manage your team better. We’ll start with alignment and culture: How can you encourage your employees to share a positive culture and act in a unified way? 1. Dave Ulrich and Norm Smallwood, in Why The Bottom Line Isn’t! (Wiley), […]
By Harvey Schachter |November 24, 2003
3 min read
(November 14, 2003)The wealthy seem to have a problem with planning. According to a 2002 study by LIMRA International, an insurance and financial services research organization, and McKinsey & Company, only 50% of high net worth (HNW) individuals have a financial plan. Of those who do, only half have a formal written plan prepared by […]
By Thane Stenner |November 14, 2003
Correct Complete Contemporaneous Current It is easy to say that record keeping must be accurate, but that means that everyone on your team must work together with systems that ensure the information in the file is correct. For the information to be correct, it must also be complete and current. If the information is incomplete […]
By Ellen J. Bessner |October 27, 2003
5 min read
Adapted in part from the practice standards issued by the Financial Planners Standards Council, the following is meant to serve as a creative starting point for financial planners who wish to begin writing their own engagement and disclosure documents. Since compliance requirements can vary widely according to firm, industry segment and province, advisors should check […]
By Staff |October 16, 2003
9 min read
(September 22, 2003) The NASDAQ index’s return between September 2002 and June 2003: 41.9%. A pretty big number, right? The S&P/TSX index turned in 13.3% and the S&P 500 index, 20.9% (all data in local currency) — equally impressive. It’s enough to push certain analysts into thinking that this rally has overshot and a correction […]
By Pierre Saint-Laurent |September 22, 2003
(September 2003) A recent Statistics Canada survey showed that nearly 90% of Canadians want their children to attend university or college. Unfortunately, the same survey showed that only 40% of parents have actually started setting money aside for post-secondary education (a recent Ipsos-Reid poll conducted for Scotiabank had similar findings). Use this customizable template letter […]
By Staff |September 12, 2003
(September 12, 2003) When Advisor’s Edge first appeared back in 1998, there really wasn’t a high-net-worth (HNW) market as such. Oh sure, there were wealthy people. And yes, there were professionals who served them. But they did so largely under a veil of secrecy — in private banking offices and boutique firms. The result was […]
By Thane Stenner |September 12, 2003
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