Industry

Ontario regulator seeks fund firms vigilance

(November 6, 2003) The Ontario Securities Commission (OSC) has sent a letter to the managers of all retail mutual fund companies traded in Ontario, asking them to confirm that their firms have effective policies in place to prevent the type of trading abuses being investigated in the U.S. “There is no indication at this time […]

By Steven Lamb |November 6, 2003

2 min read

Advisor Forum update: Advisor-author laments lack of professionalism

(November 6, 2003) Professionalism (or a lack thereof) in the financial advice industry can be compared to the emperor’s new clothes: very few would argue with the facts but nobody wants to come out and say what those facts are. And the facts are troubling. The industry cannot agree on any consistent standards unlike the […]

By Deanne N. Gage |November 6, 2003

3 min read

Bank branches eroding independent advisor advantage

True wealth: Service first Creating your marketing brand On Their Own (from the December 2003 edition of Advisor’s Edge) The Billion-Dollar Plan (from the December 2003 edition of Advisor’s Edge) Client Centred (from the December 2003 edition of Advisor’s Edge) But service, knowledge and advice are all areas where the bank branches have improved. Banks […]

By Scot Blythe |November 6, 2003

6 min read

Poor fund performance won’t deter buyers, says research firm

(November 5, 2003) Conventional wisdom holds that as mutual fund performance improves, so do their sales — and conversely sales dry up, when performance tanks. But according to data from Investor Economics, this should not be taken as the gospel truth. In 2002, mutual fund assets shrivelled in Ontario by 11.4% or just over $21 […]

By Steven Lamb |November 5, 2003

2 min read