Beware of aggressive investment product marketing

By Dan Hallett, CFA, CFP

Aggressive marketing of investment products is nothing new.  Throughout my career I have expended plenty of energy pointing out what I believe to be misleading or overly aggressive marketing initiatives and advertisements.  More than four years ago I posted an article highlighting one fund’s sales incentive and …

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Market-linked GIC looks good on surface but fails scrutiny

By Dan Hallett, CFA, CFP

A prospective client recently brought an index-linked guaranteed investment certificate (GIC) to our attention – an investment that he found very attractive.  He asked for our thoughts on this product.  This GIC that pays interest linked to the S&P/TSX 60 Index performance over 3- or 5- year terms.

While it uses an …

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Illiquidity may be floating rate funds' biggest risk

By Dan Hallett, CFA, CFP

Floating Rate Debt (FRD) is getting an increasing amount of attention.  Over the past year, several new products have been launched focusing on floating rate debt such as leveraged loans and so-called senior loans.  All pay floating rates of interest – a feature that is too heavily promoted for my …

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Expect more distribution cuts from monthly income funds

By Dan Hallett, CFA, CFP

I have been writing about Monthly Income funds for more than a dozen years.  In my 20-year career, none of my articles or comments have generated as much feedback (or as much anger) as my critiques of Monthly Income funds.  Capital market activity has made distributions less sustainable than …

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Regulatory initiatives may not solve this fee transparency problem

By Dan Hallett, CFA, CFP

Securities regulators have a lot on the go.  Among the many proposed regulations is the requirement for financial advisors to show clients how much they pay in fees and the amount of commissions they collect from the client’s investments.  I applaud regulators’ efforts because all of these initiatives are aimed …

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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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