Practice

Advisors need to be emotional shock absorbers

Contrary to popular belief, making money is not the goal of investment. Money is a currency that buys emotional gifts. These gifts could be safety, security, freedom or self esteem; unique reasons why people invest money. It is imperative, therefore, that financial advisors address and mitigate clients’ behavioral biases, says Frank Murtha, managing director, Market […]

By Vikram Barhat |April 14, 2011

3 min read

Regulation fight an uphill battle for Feds

Whatever you think about the proposal for national securities regulation, the persistence of the Federal Government is admirable. Despite opposition from Alberta and Quebec, waffling support in British Columbia and doubt about the legality of the policy itself, Ottawa has unveiled draft laws, put together a “Transition Office” to manage the process, and done their best to ensure that everyone expects that some form of national regulation is on its way.

By Brandon Barnes |April 13, 2011

5 min read

FPSC drafts changes to Code of Ethics, Practice Standards

The Financial Planning Standards Council (FPSC) has issued a draft for changes to the CFP Code of Ethics and CFP Financial Planning Practice Standards and is seeking feedback from the industry and the public. Among the proposed changes is the addition of a Client First principle to the Code of Ethics. The FPSC says this […]

By Staff |April 12, 2011

1 min read

Mentoring builds better businesses, advisors

A year into her job at Rogers Group Financial, Cecilia Tsang wrote a test that would have a profound impact on her career. But it wasn’t tied to any designations or certifications. The result would help her gain entry to the group’s articling program, a lengthy mentorship opportunity.

By Terri Goveia |April 11, 2011

10 min read