Fund risk rating change highlights need for reform

By Dan Hallett, CFA, CFP

I have written many times over the past several years about the shortcomings of the prevailing method of assessing and communicating risk to mutual fund investors.  It’s a non issue for HighView’s business so I’m careful not to spend much time on the issue.  But I felt strongly enough about …

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PIMCO Global Income Opportunities: enthusiasm vs reality

By Dan Hallett, CFA, CFP

Tom Bradley just posted a smart analysis of a new closed-end fund.  PIMCO’s newly-launched Global Opportunities Income fund attracted $600 million – the top end of its target.  That’s a very warm reception to say the least.  I won’t repeat Tom’s excellent analysis but would like to expand on …

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Making sense of experts' picks for your RRSP

By Dan Hallett, CFA, CFP

There are seemingly more ‘experts’ picks’ columns for the first 60 days of this year (i.e. RRSP season) than in previous years.  In the Globe & Mail alone over the past month, there have been 5 articles giving readers ideas interested in stocks, exchange-traded funds (ETFs) and mutual …

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Smart Beta needs to come out of the closet

By Dan Hallett, CFA, CFP

With the 2000s’ ballooning list of indexing products I was compelled to give indexing hopefuls a dose of straight talk nearly five years ago.  My …

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Beyond the money: Is your family as well prepared as your estate?

By: Don Edmonds

 

Most financial advisors focus solely on investment management and estate planning—growing and preparing the assets for the (eventual) transfer to the next generation.  At Edmonds Business Family Advisory Services, we go one step further.  We prepare the family.  Why is this important?

Many families do not realize that having a solid estate plan is …

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Long-Term Thinking: 1800-2013

By: Morgan Housel

 

Long-Term Thinking died on Tuesday. He was 213 years old.

Long-Term Thinking lived an illustrious life since the start of the Industrial Revolution, when for the first time, people could think about more than their next meal. But poor incentives and the rise of 24/7 media chipped away at his health. The final blow …

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Should you follow your fund's ‘star manager’?

By Dan Hallett, CFA, CFP

Mutual fund companies have a love-hate relationship with so-called “star fund managers”.  The love stems from such managers’ typically strong performance and their ability to tell good stories about how they invest clients’ money.

Both …

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Check up on financial advisors before hiring them - it's easier than you think

By Dan Hallett, CFA, CFP

Financial advisor titles are generally unregulated in Canada (Québec being the exception).  Designations – denoted by the letters after advisors’ names on their business cards – can be downright confusing.  Some are earned only after a few years of relevant experience and …

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“The Rest of the Story” – Upbeat Outcome or Not

By: Don Edmonds

When transitioning wealth from one generation to the next, “the rest of the story” occurs after the estate transitions.  Sadly, the rest of the story does not have an upbeat outcome. Unfortunately the rest of the story is that only about 30% of affluent families successfully retain and grow their wealth and maintain …

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My 2014 New Year’s ‘financial’ resolutions

By Warren MacKenzie, CA, CFP, CHFS

As the calendar turns to another year, I’ve wasted no time thinking about resolutions that will help improve your chances for successful wealth management and investment management in 2014 and beyond.  Even if you commit to just a few of these resolutions, you’ll be far better off in the …

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