The wealthy in Canada are growing in number, and their investment needs are changing accordingly, says Keith Sjogren, director of strategy consulting at Investor Economics. Speaking at an investment conference in Toronto on Monday, Sjogren discussed his company’s recent survey on Canada’s lucrative millionaire market. The survey segments Canada’s high-net-worth clients into three groups: mass […]
So far it would seem Don Johnston hasn’t been able to fully enjoy retirement on his southwestern Ontario farm. After announcing last May that the FPSC founding member and two-term president would step down in 2006, the organization still not found a replacement for its 67-year-old leader. “If they had found a replacement by March […]
Two veterans of the financial services industry have each set up separate boutiques or “multiple family offices” catering to high-net-worth individuals in the Ontario region. Michael Nairne recently left his position as managing director of Loring Ward International to launch Tacita Capital, while Tim Cestnick — who left AIC last year — has a new […]
The Financial Planners Standards Council (FPSC) celebrated its tenth anniversary on Thursday night at the University Club in Toronto, taking the opportunity to honour its out-going president. Receiving the surprise award was retiring FPSC founding member and president, Donald J. Johnston. Johnston was presented with a trophy and his name will be the first to […]
Whether it’s reminding clients to diversify, prepping for the baby boomer retirement migration, or just brushing up on client service and practice management techniques, advisors are primed and eager to move their businesses into 2006. Lorne Schnell of Assante Capital Management in Regina will focus on creating more formalized processes on the business management side […]
At this time of year, it’s not just advisors who are spreading the message of prudent festive spending. MasterCard Canada is also urging Canadians to practice caution and plan before heading to the malls this holiday season — especially when they’re carrying plastic. According to the credit card company’s vice-president of public affairs, Jennifer Reed, […]
(October 2005) Advisors need to think more about potential risks in their practice, according to one expert, who argues that managing risk is one of the keys to long-term success. "We have the ability to anticipate risk and learn to mitigate and manage those risks. And importantly we can start to incorporate consistent routines into […]
(October 2005) The IDA is calling on its advisors and member firms to finish what they started. That’s the basic message conveyed in a friendly letter circulating this month, reminding advisors of the upcoming deadline — and “offside” penalties — for completing continuing education (CE) requirements — part of the IDA’s mandate stipulating that securities […]
(September 15, 2005) As it pushes its centennial year, the Saskatoon Business College has started up a program for assistants in the financial services sector. The first of its kind in Saskatchewan, the 10-month, five-hour a day diploma program kicked off earlier this month for the purpose of fast-tracking students into the work force upon […]
(September 13, 2005) The IDA is calling on its advisors and member firms to finish what they started. That’s the basic message conveyed in a friendly letter circulating this month, reminding advisors of the upcoming deadline — and “offside” penalties — for completing continuing education (CE) requirements — part of the IDA’s mandate stipulating that […]