Industry News

Briefly:

(August 21, 2003) Insurance agents run the risk of losing their high net worth clients to retail broker-dealers if they don’t start taking advantage of technology, according to a report from Forrester Research in the U.S. The report says in the U.S. the two industries are increasingly moving into fee-based full-service financial advisory roles, with […]

By Staff |August 18, 2003

5 min read

IFIC confirms strong fund sales in July

(August 18, 2003) It’s official — investors ploughed money back into mutual funds in July to the tune of $321 million, according to IFIC’s revised monthly report on the industry. “Sales were fueled by positive flows of $463 million into long-term funds. Also, year-to-date redemptions have decreased by $4.6 billion from the same period in […]

By Steven Lamb |August 18, 2003

4 min read

Survey reveals

(August 14, 2003) Advisors are out of touch with their high net worth (HNW) clients in several important areas, suggests a recent U.S. study conducted for Fidelity Investments. The survey of 800 American millionaire investors and HNW advisors concludes that advisors appear to be underestimating the importance of investment performance and overestimating the importance of […]

By Doug Watt |August 14, 2003

3 min read

Advocis designation campaign hits the road

(August 13, 2003) Advocis is stepping up its campaign to make professional designations a requirement of advice giving, recently holding meetings with senior regulators, industry representatives and politicians across North America. Under the Advocis plan, first unveiled at the advisor association’s conference in Newfoundland earlier this year, the CFP, CLU, fellow of the Canadian Securities […]

By Doug Watt |August 13, 2003

3 min read