Between the moment a lottery jackpot winner gets that fortuitous call and the moment the money reaches the winner’s back account, one thing seems to happen reliably. The overnight millionaire has blown more than half of their windfall, mentally. That’s exactly the type of flight financial experts advise against boarding. Using the recent winner of […]
We are getting a steady stream of messages fuelling the fee debate, as readers express their opinion on fee transparency, as discussed in our “Prepare for transparency” column posted yesterday (Read it here). Amid the discussion over fee transparency, Andre St. Arnault, an advisor from B.C., wonders if it is at all possible for advisors […]
Part One of a series on emerging markets Incredible India! The come-hither campaign of India’s ministry of tourism might as well be the two-word tagline of India’s slick pitch to global investors. Consistent double digit returns on investment, a GDP growth that is double that of the world average and swelling domestic consumption fuelled by […]
The advisor community welcomes the new CRCT regulation that binds them by the same rules as other phone solicitors. Apart from a few halfhearted objections to being treated as telemarketers, most said the ruling would only impact new industry recruits, and that it would likely not deter “boiler room” operators. A recent release from the […]
A tug-of-war is developing as fund companies try to find the fairest solution for dealing with the inequality of the HST as it relates to mutual fund investors. Much has been written about the various options pursued by fund managers across Canada since the introduction of the HST in Ontario and British Columbia on July […]
Comprehensive financial sector reforms could be on the cards as Canada joins other G-20 countries aiming to set new banking rules, suggests a recent Bank of Canada report. Raising the amount and quality of capital and liquidity that financial institutions must carry is a central component of the reforms, states the report titled ‘Strengthening International […]
Moderated by: Vikram Barhat Participants: Blair Falconer, vice-president, HSBC securities, Toronto. Serge G. Pepin, head of investments, BMO Investments Inc. Falconer: The biggest pitfall of leveraging is it magnifies losses. I mean, it magnifies gains as well, but it becomes your biggest risk when your investment strategy turns against you and then all of a […]
For many a Canadian parent, it’s the case of the mind is willing, but the cash is weak. When it comes to funding kids’ education, there seems to be a gaping divide between what parents want to do and what they can afford, according to the TD Canada Trust Education and Finances Survey. The study […]
Advisors find finance flicks amusing and frustrating. Frustrating because they perpetuate a cowboy image of the industry focused on greed with no concept of duty of care or responsibility to the client. Movies like these, they say, hurt the industry as they create an image that either detracts people from trusting advisors or makes them […]
Here’s a suggestion for those who question the value of financial advice: take it easy…but take it. Having advice is strongly associated with the accumulation of financial wealth regardless of income level or age, according to an Investment Funds Institute of Canada (IFIC) report. The study, titled The Value of Advice: Report, reveals financial advice […]