Firms and advisors begin tough recovery
All signs indicate an economic recovery, but the bull market and its benefits are still elusive (includes chart)
- By: Clare O’Hara
- August 27, 2010 October 28, 2019
- 14:12
All signs indicate an economic recovery, but the bull market and its benefits are still elusive (includes chart)
Some industry execs see having older advisors as a benefit, but some observers say a shortage of fresh blood will cause problems (includes chart)
Reps point to personal support from executives and client educational materials (includes chart)
Many advisors say their firm’s due diligence efforts on new products are solid, but others say they go too far (includes chart)
Advisors say firms are putting additional resources into support for helping clients reach — and thrive in — retirement
There are issues of concern for advisors who work outside urban Canada
Although seg funds with guaranteed income have been the recent story in insurance, the trend is shifting (includes chart)
The province’s economy has been largely sheltered from the U.S. downturn, economist says (IE:TV)
Although the province’s economy did not fall by as much as the rest of Canada’s, it seems to be slower in recovering (IE:TV)
But the province’s Ministry of Finance has launched a series of consultation sessions to discuss Nova Scotia’s fiscal challenges (IE:TV)
Although 2010 will be better than 2009, job creation will continue to be an anvil around the province’s neck
Although Quebec felt the effects of the economic crunch much later than most, there are expectations of moderate growth in 2010 (IE:TV)
Newfoundland and Labrador was affected greatly by the recession, but it’s already on the road back (IE:TV)
Fuelling the economy will be a revival of the mining sector, which is by far the most important economic engine
Hosting the Winter Olympics will help bring about growth after a dreadful year
The Prairie province’s economy and budget were most affected by potash’s colossal decline in 2009
Following a brutal 2009, Ontario is expecting increased opportunities in services-related businesses (IE:TV)
Although the province has suffered through the worst, growth will be sluggish
Report on the Nation 2010
The majority of advisors felt that having strong support services helped them serve clients more completely (includes chart)
Some advisors prefer a full succession program; others prefer having freedom
Will bank and insurance advisors be able to sustain their momentum and continue gaining market share when markets recover? (includes chart)
Despite the volatile markets, advisors are placing a greater focus on obtaining key designations (includes chart)
The gap between performance and importance ratings holds true yet again
Those surveyed for this year’s Report Cards report that much client money is parked in bank accounts and other safe products (includes chart)