Industry News

ETFs have same issues as mutual funds

A report released Tuesday by Morningstar Canada placed a large amount of blame on advisors for high mutual fund fees. But the same issue applies to exchange-traded funds. There is a quite a bit of academic evidence to suggest that passive investing over a long period of time, within a well-constructed diversified portfolio, will outperform […]

By Mark Noble |May 14, 2009

6 min read

Consolidating goodwill

Despite the recession and a dwindling eagerness among advisors to retire, Darren Miles, chartered business valuator, president and founder of Fair Market Value Inc., says there are currently more buyers than sellers in the market to buy advisory practices. For both sides of a book sale, he says there is more to consider than just […]

By Kanupriya Vashisht |May 14, 2009

3 min read

Corporate bonds come back strong

The corporate bond sector has bounced back in this latest broad market rally reaffirming a belief among investment strategists that the asset class had too much risk. “Our philosophy has been to overweight spread product throughout the cycle,” says Darcy Briggs, vice-president and portfolio manager with Bissett Fixed Income management team, a subsidiary of Franklin […]

By Mark Noble |May 13, 2009

5 min read

Morningstar report angers Canadian advisors

A report by Morningstar Inc. has sparked an outcry, after the Chicago-based research firm suggested that Canadian financial advisors were directing clients into higher fee mutual funds simply to earn higher trailer fees. Advisor.ca has received numerous e-mails from advisors on both sides of the issue: those who challenge the report and those who view […]

By Steven Lamb |May 13, 2009

3 min read