Industry News

Improve relationships or risk losing wealthy clients, advisors warned

(March 25, 2003) The love affair between advisors and high net worth (HNW) clients is ending, according to one speaker at the 83rd annual Ontario Sales Congress of the Peel Institute of Applied Finance in Toronto. But there are opportunities for advisors to build a fence around their affluent clients by developing true partnerships and […]

By Jennifer McLaughlin |March 28, 2003

3 min read

Great-West set to increase share of segregated fund market

(March 26, 2003) Great-West Life’s proposed acquisition of Canada Life would strengthen the Winnipeg-based insurer’s already dominant position in the country’s segregated fund marketplace, according to a report by research firm Investor Economics. Great-West Life (GWL) is Canada’s seg fund market leader, with $10 billion in assets under management as of December 31, 2002. Adding […]

By Doug Watt |March 28, 2003

2 min read

Ottawa hikes Old Age Security pension rates

(March 27, 2003) Canada’s seniors will see a slight increase in their government pensions next month. The federal government announced yesterday that Old Age Security benefits will rise 0.6% on April 1, bringing the basic OAS monthly pension to $456.08. Human Resources Development Canada adjusts OAS rates for inflation every three months. The change is […]

By Doug Watt |March 28, 2003

1 min read

Continuing hedge-ucation: Intensive hedge fund course for advisors set for end of April

Demystifying hedge fund risk: How advisors build portfolios Sizing up the alternatives Hedge funds offer nothing new but opportunities: Analyst Hedging, leverage and risk: The ABCs of absolute returns Hedge fund glossary Besides providing a hedge fund accreditation, the course is also eligible for continuing education credits from Advocis and the Investment Management Consultants Association. […]

By Scot Blythe |March 28, 2003

2 min read