Industry

Mutual fund sales soared in October

Mutual funds rode a wave of investor optimism in October, racking up nearly $1.46 billion total net sales, according to data from the Investment Funds Institute of Canada. That’s a massive increase from September’s $252.2 million, and October 2009’s $82.6 million. Industry assets under management climbed $11.3 billion to $615.9 billion, a gain of 1.9% […]

By Steven Lamb |November 15, 2010

2 min read

Canadians were less worried in Q3

Canadians appear to be a little less worried about their financial future than they were at the mid-point of the year, according to the Russell Financial Health Index. The improvement might not be much to celebrate, though, as the second quarter marked the index’s lowest reading since it was launched. “The results reflect the cautiously […]

By Staff |November 15, 2010

1 min read

Briefly: “Richardson GMP hires L’Esperance” and more news

Richardson GMP has appointed André L’Espérance as director, wealth and estate planning. Based in Montreal, he will expand the firm’s insurance capabilities. “The addition of André to our in-house wealth and estate planning team signals our commitment to provide our investment advisors with the best-in-class solutions and to maintain our leadership position in serving the […]

By Staff |November 15, 2010

2 min read

Estate planning: The crucial conversation

“It was a strange situation,” says Michael Berton, recalling one of his more unusual estate planning cases. “But it’s what the family wanted to happen.” The story goes like this: a husband and wife had a joint account and everyone had assumed that the man, who’d been in the hospital for 16 months, would be […]

By Bryan Borzykowski |November 15, 2010

4 min read