It might be the single biggest value -add in investment planning you offer clients this year — managing their currency risk. A lot of fund providers have come on board offering currency neutral options on popular global mandates. Canadian investors and their advisors have been inundated about the need to invest globally. This strategy has […]
The current headache that the proposed harmonized sales tax (HST) in Ontario and British Columbia is causing the mutual fund industry could easily be avoided by granting a national exemption to investment funds, according to the president of the Investment Funds Institute of Canada (IFIC). At a presentation to the national media and members of […]
Canadian financial advisors have gone from morose to outright bullish in the last few months, according to Horizons BetaPro Management’s quarterly advisor sentiment study. The survey of 300 Canadian advisors representing roughly $20 billion in assets under management finds sentiment has become bullish on the outlook for broader equity markets, the Canadian dollar and commodities, […]
There is a growing number of people with qualifications to be financial planners. Problem is, if they can’t sell, there’s not a lot of opportunity for them. A panel of industry recruiters at the 2009 Financial Planning Standards Council’s (FPSC) Financial Planning Symposium in Toronto emphasized there is a need for new advisors, but if […]
HighView Financial Group has struck a deal to acquire all outstanding shares of Dan Hallett & Associates Inc. The transaction is subject to regulatory approval. “Through his deep understanding of mutual funds and fund managers and regular insightful commentary Dan Hallett has become one of the most respected and well known mutual fund analysts in […]
Setting out a vision statement for the next 10 years, the largest financial planning standards body in Canada held a symposium in Toronto on Monday, where the topic of regulating and defining what it means to be a financial planner was front and centre. Outside of Quebec, anybody can call themselves a financial planner, and […]
(London, Ont.) — Anybody holding themselves out as financial planner has a fiduciary obligation to educate clients about exchange traded funds and the research that supports their usage, says one planning expert. The opening speaker at the Institute of Advanced Financial Planners, Shawn Brayman, founder and president of PlanPlus, says there is a global push […]
When the Connor, Clark & Lunn Financial Group was formed, toward the tail end of 2002, the driving force was to take a novel approach to asset management in Canada by creating a structure that allowed for unique cultures within each functional area. Co-CEO Warren Stoddart sums it up as an approach that allows people […]
A majority of Canadian clients appear to be satisfied with their advisors, a new study sponsored by Univeris has found. But it takes a very high level of engagement for clients to refer their advisor to family and friends. The study, conducted by Advisor Impact on behalf of Univeris, compiled feedback from more than 14,000 […]
Through the use of dividend-paying funds, clients engaged in a professional incorporation have a tax-deferment plan that may be more powerful than an RRSP for a select group of clients. Professional corporations for high-net-worth clients such as dentists, doctors, accountants and lawyers have become a powerful way to shelter a retirement income. Using corporate class […]