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By Dan Hallett, CFA, CFP Some retail mutual fund companies are traditional money management firms that have a single guiding investment philosophy driving the management of all client portfolios – and the in-house firm is the only manager of the funds on offer. Others have no in-house money management firm. Instead, they seek out external portfolio … By Mark Barnicutt, MBA, FCSI, CFA According to various estimates, there are currently approximately 28,000 households in Canada with investable assets in excess of $10 Million. Although these households represent a very small portion of the total households in Canada (<1%), we believe that it’s a fast growing family wealth segment that is being driven by … By Mark Barnicutt, MBA, FCSI, CFA OVERVIEW: Philanthropy – or the giving of one’s time and/or money to the betterment of human welfare and advancement – is a thriving and growing element of Canadian society. Given our experiences in the Canadian wealth management industry, we find this to be especially true for affluent families, many … By Mark Barnicutt, MBA, FCSI, CFA THE EVOLUTION OF WEALTH MANAGEMENT CHOICE: Over the past twenty-five years, the proliferation of wealth management product has been unprecedented especially across both the investment management and life insurance segments. The benefit for the end wealth management client is that they truly have a full range of choice from which … By Dan Hallett, CFA, CFP When entering a marriage, it’s a bad sign if you start planning your exit before vows are ever exchanged. While many of life’s lessons extend to the world of investing, the exit strategy is a notable exception. Unlike in marriage, investors should spend more time contemplating their exit strategy to … By Mark Barnicutt, MBA, FCSI, CFA KNOW YOUR CLIENT: One of the basic tenets of individuals & firms who are registered with Canadian securities firms, such as broker-dealers and portfolio managers, is what is referred to as “Know Your Client“. KYC, as it’s commonly known, requires securities registrants to ensure that investment recommendations are ‘suitable’ for each client given … By Mark Barnicutt, MBA, FCSI, CFA THE CHALLENGES: With the globalization of capital markets over the last few decades, there has been a marked increase in the range and complexity of investment opportunities available to investors. In fact, the … By Mark Barnicutt, MBA, FCSI, CFA Yesterday, Greg Smith published his infamous Op-Ed article in the New York Times titled, “Why I Am Leaving Goldman Sachs“. In this article, Smith effectively states that Goldman Sachs has ‘lost it’s moral compass’ and puts its business’ interests ahead of its clients’ interests. Although Smith’s article has garnered an … By Dan Hallett, CFA, CFP For those seeking a safe and dependable income source, today’s painfully low interest rates pose a real challenge. Bank of Canada Governor Mark Carney regularly reminds us that persistent low rates can be dangerous because they incent excessive borrowing. But low rates also pose some risk to the asset side of … By Mark Barnicutt, MBA, FCSI, CFA OVERVIEW: Recently, in the Report on Business of the Globe & Mail, there was an article titled, The Flaws In Canada’s Financial Adviser System. This article stated that: “In the investing industry, the line between what’s best for the client and what’s good …   ----------------------- |
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