As more U.S. workers transition to retirement over the next five years, the value of assets they roll over from group retirement plans into advisor-sold retail products is expected to nearly double. According to a new study from the Boston-based Financial Research Corporation (FRC), rollover assets will grow from $260 billion a year in 2007 […]
Emerging market equities remain one of the best sectors for long-term performance, says a global investment strategist for one of the world largest institutional investment firms. Possibly even more important for investors, the volatile nature of the asset class is expected to decrease over the long term. George Hoguet, managing director and global investment strategist […]
Obtaining more business from the advisor channel is one of the driving forces behind the newly merged RBC Asset Management and Phillips, Hager & North, according to the two men behind the deal. On Thursday, RBC announced it would acquire PH&N by offering shareholders 27 million RBC common shares. The combined firm will manage more […]
DundeeWealth joins the growing list of financial services firms that have had to admit that they have significant holdings of out-of-favour asset-backed commercial paper(ABCP). It also said none of the mutual funds of Dundee’s subsidiary Dynamic Mutual Funds has any exposure to ABCP or CDO subprime exposure. Earlier this week, National Bank bought back more […]
Canadians are not keeping up with the rapid pace of changes in their employer-sponsored retirement plans, as defined benefit(DB)plans are scrapped in favour of defined contribution(DC)plans and group RRSPs, according to a study by T.E. Wealth. Rather than lament the loss of guaranteed retirement income, the firm suggests advisors view this climate of change as […]