Industry News

Advisors may need to drop clients to meet boomer needs

Advisors of the future will likely have to reduce the number of clients they serve or work longer hours, as the need for more extensive financial planning grows. The only other solution would involve dramatic improvements in product development or an equally drastic improvement in investor education, a U.S. study suggests. The report, entitled Building […]

By Mark Noble |November 5, 2007

5 min read

Briefly:

(November 2, 2007) Sun Life Financial has announced plans to shuffle its executive team, effective January 1, 2008. Kevin Dougherty, current president of Sun Life Financial Canada, will move over to become president of Sun Life Global Investments, where he will be tasked with building a more cohesive asset management platform to boost the firm’s […]

By Staff |November 2, 2007

3 min read

Fund returns affected by rising dollar: Morningstar

While some clients will likely head to the States this weekend for some cheap shopping, others will be sifting through their investment portfolios, wondering how they can stop losing money due to the rising loonie. Morningstar Canada’s October fund report details just how difficult it’s been for some fund indexes to generate positive returns because […]

By Bryan Borzykowski |November 2, 2007

3 min read

Investors pile into funds

The mutual fund industry posted strong sales in October, raking in between $2.4 billion to $2.9 billion in fresh investment, according to preliminary data released by the Investment Funds Institute of Canada. “Net sales estimates are strong for October at $2.7 billion bringing the industry close to levels not seen since July,” said Pat Dunwoody, […]

By Steven Lamb |November 2, 2007

1 min read