This week, the Canadian Securities Administrators (CSA) published a consultation paper of interest to investors of mutual funds. The paper contained three main proposals: Prohibiting Deferred Sales Charge and Low Service Charge Loads Once a staple of the mutual fund industry, many advisors have begun to move away from DSC and LSC, as investment flexibility… Read More
“Never let facts get in the way of a good story” – Mark Twain Weekly Market Wrap-Up On Friday, US President Trump announced a 25 per cent tariff on strategically important Chinese imports, worth around $50 Billion, along with the threat of further tariffs should Beijing impose their own tariffs in kind. Chinese President Xi… Read More
“Life is a long lesson in humility” – James M. Barrie Beware: “CRA” Phone Scams Continue We would like to, once again, remind you that scammers are still at it. The ruse is simple, yet effective: you receive a phone call from a person who claims to be from the CRA or representing the CRA;… Read More
“As history has repeatedly proven, one trade tariff begets another, then another – until you’ve got a full-blown trade war. No one ever wins, and consumers always get screwed” – Mark McKinnon Canada, U.S. Impose Tariffs On One Another Thursday saw volleys of trade tariffs imposed. Citing “national security”, United States Commerce Secretary Wilbur Ross… Read More
Administrative Updates We have some important administrative updates we’d like to share with you. 1. E-Consent Added to Wealthview Portal The FundEX Wealthview portal now offers clients the option of electronically signing, or e-consenting, to most forms related to your portfolio. There are many advantages for the client: All documents shared from advisor to client,… Read More