Industry News

Fund diligence in the post-Madoff era

One of the consequences that will result from the number of financial scandals that have plagued the market will likely be a greater fiduciary responsibility for advisors to do their homework on the funds they recommend, a panel on due diligence in Toronto emphasized. The Alternative Investment Management Association (AIMA) of Canada brought together three […]

By Mark Noble |May 11, 2009

5 min read

Briefly:

According to Mercer’s 2008 Global Manager Search Trends report, global search activity for investment managers slowed down in 2008. During 2008, Mercer advised on 676 manager searches across the world, representing $93 billion in assets placed. The most notable decreases in search activity were seen in the U.K., continental Europe and Australia, where funds focused […]

By Staff |May 8, 2009

2 min read

The financial baton will pass to women

An inaugural event for female financial advisors, “Investing in You,” organized by the Advisor Group, reinforced the importance of women to the financial industry at a time when the very essence of their womanhood — empathy — is the new market mantra for attracting and retaining clients. The keynote panel focused on how successful women […]

By Kanupriya Vashisht |May 8, 2009

3 min read

Boomer retirement plans being tested

As boomers head down the home stretch in retirement, they do so with a depleted portfolio. Once again, this is forcing advisors to rethink how boomers’ retirement will be different from preceding generations. One suggestion being put out by RBC Royal Bank is for advisors to consider altering their clients’ financial plans in the five […]

By Mark Noble |May 8, 2009

5 min read