U. S. rules that cover Canadian mutual funds could make holding these funds far less attractive for some clients. Advisors need to be aware of the risks their American clients face
Confusion reigns about the rules of RESPs
Julie Littlechild, president of Advisor Impact, outlines the benefits a succession plan delivers, including finding the right successor, maintaining clients and enhancing the value of the business. She spoke with Investment Executive reporter Rudy Mezzetta at the TMX Broadcast Centre in Toronto.
Don’t shy away from conversations about succession; communicate with clients to get them on board
When handing over the reins to your advisory business, you need to ensure there will be consistency to the services clients receive
Advisors should begin succession planning at least three to seven years in advance, experts say
The Canadian Bankers Association has appointed Eric Prud’homme as its Quebec director. Prud’homme, who had been the CBA’s legal counsel in Montreal and an advisor in government relations, succeeds the retiring Jacques Hebert. (rmezzetta@investmentexecutive.com). © 2012 Investment Executive. All rights reserved.
DUCA Financial Services Credit Union Ltd. has announced that Richard Senechal has been appointed president and CEO. Senechal had been filling the role of CEO as transitional director since Jack Vanderkooy stepped down as head of the Toronto-based credit union earlier this year. Senechal, who has an MBA from York University in Toronto, has served […]
Alterna Savings and Credit Union has announced that John Lahey, president and CEO of the Toronto-based financial co-operative, will retire at the end of this year. Alterna’s board of directors is appointing a selection committee to search for a successor. Lahey, a 36-year veteran of the banking industry, has led Alterna since 2007. During his […]
The Standard Life Assurance Co. of Canada, based in Montreal, has announced the appointment of Jennifer Gregory as national vice president of business development for its group savings and retirement unit. Based in Toronto, Gregory will be responsible for strategic growth of the firm’s group business across Canada. Prior to joining Standard Life, Gregory had […]