Industry

Advisors ignore own succession plans

The financial services sector faces an advisor succession crisis, due in large part to an industry structure that discourages advisors from arranging succession plans, according to speakers at the recent Advisor Distributors’ Summit. “There’s very little value for an advisor to say ‘I’m doing everything I can to build this thing up so I can […]

By Vikram Barhat |May 6, 2010

4 min read

Fund sales slip into negative territory

Mutual fund sales declined in April, as the last vestiges of RRSP season subsided. The industry tends to see a blip in March, as last minute contributions are invested, but by April, most capital is deployed and sales sag. Last month the industry was hit by net redemptions of between $1.25 billion and $1.75 billion, […]

By Steven Lamb |May 5, 2010

2 min read

Active managers shine in Q1

Active management is not dead, judging by the results of the first three months of 2010. Three quarters of Canadian Large Cap active managers outperformed S&P/TSX, according to the Russell Active Manager Report, the highest level since the second quarter of 2004. “The last two quarters have really highlighted the benefits of active management,” says […]

By Vikram Barhat |May 5, 2010

2 min read

Briefly:

While Europe struggles with sovereign debt problems and the U.S. faces monster debts of its own, there is growing confidence in the emerging markets that global trade will improve, according to the latest HSBC Trade Confidence Index. The survey of more than 5,100 trade-oriented small and mid-market companies, asked their opinion on a variety of […]

By Staff |May 5, 2010

3 min read