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 […]
In PART 1 of AER’s coverage, we outlined the case and explored retirement planning solutions. In PART 2, we cover the business succession planning and the welter of options the Royals could choose in relation to their legacy. In PART 3, we will publish the remaining considerations for the Royals’ complete financial plan and include […]
According to the recently released Russell Active Manager report, 65% of large cap Canadian equity active managers beat the benchmark during the extreme volatility of the third quarter of 2008. According to the report, this is the highest rate of outperformance since the first quarter of 2007, with the number of active managers beating the […]
The board of directors is the highest governing authority within the management structure at any publicly traded company. The primary responsibility of the board is to protect the shareholders’ assets and to ensure a decent return on their investment. Yet, most investors do not take into account the importance of the board. This lack of […]
On the heels of a 20% cut to AIC Limited’s workforce comes speculation of Fidelity Investments’ slashing its global staffing. According to Ignites, a New York-based mutual fund newsletter, Fidelity is preparing to cut as many as 4,000 jobs in two rounds starting this quarter. But according to Chris Pepper, director of media relations for […]
Even as the wreckage of financial giants continues to dominate business headlines, value investors are making the case for long-term fundamentals. And it might be just what the market needs. At the AIC roadshow this week, investors and advisors packed the sprawling Carlu ballroom in Toronto to ascertain whether or not value investing could really […]
Eric Rosenfeld wants to sing it from the highest mountain: shareholder activism works. As president and CEO of Crescendo Partners, a New York investment firm, Rosenfeld has made a name for himself on both sides of the border as a tough-talking (but sweet-singing) shareholder activist. And yesterday, at a joint CFA Society–Goodman Institute event at […]
As currently volatile markets continue to take down financial giants, cautious Canadians have responded by continuing to favour money market funds, according to preliminary numbers from the Investment Funds Institute of Canada. This “response to heightened volatility in capital markets” resulted in $72.9 billion in money market fund assets at the end of August, up […]
The Government of Canada may use its power over criminal law to enforce limits on greenhouse gas emission, according to an authority on constitutional law. Peter Hogg, professor emeritus at Osgoode Hall Law School and scholar in residence at Blake, Cassels & Graydon LLP, argues in a new report, released by the C.D. Howe Institute, […]
While asset managers and advisors are loathe to diminish the tremendous fortitude, skill and determination required of a podium finish at the Olympics, a few precious metal advocates believe that the strong Olympic finishes are one way to alert the keen eye of a savvy investor to an investment opportunity. Even as Canadian athletes continue […]