India will pitch for becoming the preferred sourcing partner for the global textile industry during the textile week at the India Pavilion in EXPO2020, Dubai, s
India will pitch for becoming the preferred sourcing partner for the global textile industry during the textile week at the India Pavilion in EXPO2020, Dubai, s
Derek Clouthier
This article appears in the March 2021 issue of Advisor’s Edge
Prem Malik, advisor, Queensbury Securities, Toronto
First is strong, consistent performance in the category. The performance should be due to a proven and consistent buy-and-sell discipline and to active management not to a closet index manager.
Next, I look for a trustworthy company with a solid reputation. It’s important to make sure there is proven credibility to the company and it has a solid team of analysts supporting the fund manager and their team.
Lastly, fees. I want to make sure the manager is earning the fee he or she is charging. I’ll be honest: I don’t look for the cheapest fund provider. Based on my No. 1 criteria of strong performance, a reasonable comparative fee works for me. However, if the fee is excessive, I will most likely find a replacement fund.
Derek Clouthier
With the RRSP contribution deadline right around the corner for 2020 income taxes, advisors are seeing a surprising trend in a year upended by a global pandemic.
Despite Covid-19’s impact, many clients who were fortunate enough to maintain regular employment have been making the same RRSP contributions as they have in the past, and some are even putting more into the retirement fund.
But that doesn’t mean financial advisors weren’t being proactive when the coronavirus first hit.
“In the beginning of the pandemic, we reached out to the clients who were making systematic monthly RRSP contributions,” said Leanne Kohtala, senior financial advisor for Manulife Securities in Timmins, Ont.