Canada losing top G7 position, time to put clients’ money abroad?
Canada is set to lose its top position among the G7 industrial nations; for the first time since the global financial crisis the country won’t be leading the pack in economic growth. Are your clients prepared?
Taking on the big hitters
Working with celebrities and athletes can have benefits but the bigger the client, the harder you might fall, as one financial advisor found out...
National Bank to acquire TD back office ops for $250m
National Bank of Canada will acquire TD Waterhouse Institutional Services – the larger bank’s back-office service provider for independent registered portfolio managers and introducing brokers – for $250 million.
Canadian masses ill-prepared for retirement
Many investor surveys focus on the high-net-worth or mass-affluent segments, but those may give too soothing an outlook. A new study that focuses on Canadians with a minimum of $5,000 in investable assets makes for grim reading.
Equities are scarier than death
Investors are more afraid of the stock market than they are of public speaking, unemployment or death, according to a new survey. But its other findings may give advisors something to fear.
Advisor's empathy most important, say widows
Advisor-client relationships rarely survive the death of a client’s spouse, and sustaining a relationship may depend more on empathy than financial knowledge.
BC sanctions agent after selling securities to widowed pensioner
Does an advisor’s obligation to a client end with the sale of his or her book? The sanction of a BC agent for inappropriately selling high-risk securities to a widow raises that question.
OSC seeks input on disclosure rules regarding women execs
Should TSX-listed firms be required to disclose details on women serving on boards and in senior management roles? The OSC wants to hear your opinion.
Taking a long view, Merrill forecasts top trends to 2031
Long-term economic forecasting is risky – and the longer the horizon the less likely a prediction is to transpire. But Merrill Lynch has thrown caution to the wind with its “Outlook 2031” report, highlighting five trends that will reshape our world.
Liquid-asset growth outpaces property value rise
It was big news that the wealth of the average Canadian household topped $400K for the first time. For advisors, the even better news is that growth in liquid assets – cash and securities – outpaced the rise in property valuations.