Industry News

Fund manufacturers revamp wholesaling to keep distributors, advisors onside

(February 11, 2003) For fund companies struggling to staunch the outflow of money from mutual funds, advertising is out and meeting advisors directly is in. That shifting outreach reflects more than investor disappointment, however. It acknowledges that funds are sold, not bought, and advisors hold the key to sales. More than that, the balance of […]

By Scot Blythe |February 11, 2003

5 min read

FPSC clarifies designation guidelines following deal with ICB

(February 10, 2003) The Financial Planners Standards Council, which controls the Certified Financial Planner mark in Canada, is clarifying its position on other professional designations after agreeing to accredit the Institute of Canadian Bankers as a registered financial planning education provider. Several advisors have complained that the FPSC is guilty of a double standard, by […]

By Doug Watt |February 10, 2003

2 min read

Ottawa to reveal budget on February 18

(February 7, 2003) Federal Finance Minister John Manley will bring down his first federal budget on Tuesday, February 18. Manley made the announcement today in the House of Commons. Economists predict that the surplus for the current fiscal year should come in ahead of previous forecasts, perhaps as high as $6 billion. That would give […]

By Doug Watt |February 7, 2003

2 min read

Advocis pushes industry cooperation to reduce

(February 7, 2003) Advocis, the country’s largest association of financial advisors, says it’s time the industry took steps to reduce fragmentation by working together on common projects. After consulting with 18 professional associations and financial services firms, Advocis today released an ambitious “call to action” paper, suggesting a more cooperative approach would better serve the […]

By Doug Watt |February 7, 2003

3 min read