Industry News

Briefly:

U.S. consumer confidence plunged over the course of the last month as higher energy costs, rising unemployment and gyrating stock markets weighed on the collective consciousness, according to the latest reading of the RBC CASH (Consumer Attitudes and Spending by Household) Index. The index fell 21.6 points from its early October reading, to 30.2 at […]

By Staff |November 5, 2009

2 min read

CSA catches an earful on POS

The Canadian mutual fund industry has responded en masse to the Canadian Securities Administrators (CSA) point–of-sale disclosure rules, making the case that it will undermine the ability of advisors to effectively sell mutual funds. In a number of industry submissions to the CSA, the same theme arises: the increased burden and cost to dealers and […]

By Mark Noble |November 5, 2009

4 min read

Learn to tell your story: Advisor coach

As a veteran sports reporter, Jim Gray used to write about the relationships between coaches and players. Now as the principal owner of Media Strategy Inc. in Toronto, Gray is a coach himself, teaching financial advisors how to better communicate with their clients. “I live and breathe this company. I work really hard at it. […]

By John Powell |November 5, 2009

3 min read

Fund industry hit with redemptions

The Canadian mutual fund industry was hit with redemptions in October, with investors pulling out somewhere between $262.2 million and $762.2 million, according to preliminary data from the Investment Funds Institute of Canada. “Markets took a breather at the end of October which capped off seven months of exceptional growth in assets under management,” said […]

By Steven Lamb |November 4, 2009

2 min read