Plaintiffs are alleging there were failures to disclose market risks
The CRA indicates it will likely raise the rate on prescribed loans to 2%
Clients often flee when markets dip. But keeping them invested can be key to their future returns
The outlook for the region is positive, with several nations presenting interesting opportunities for clients seeking growth
Keeping existing clients is easier than recruiting new ones
Offering a variety of products to your clients can increase client loyalty and profitability. Make sure your clients are aware of the full range of products and services you offer, even if they are not interested in those products currently
While most advisors focus on revenue growth, profitability is the key measure of success in a financial advisory practice. Profitability should increase as your assets grow, but that is not always the case
The advisor's role is to balance risks in prudent and intelligent ways to help clients avoid outliving their savings
Advisor Konrad Kopacz is the director of marketing for a Toronto-based charity that helps children in shelters. He spends several hours a week looking for sponsors and planning the annual event that helps 1,400 families every year.
If clients have a good understanding of the investment risks they are taking, they won't worry so much about their portfolios