Sheila Avari

Looking after wealthy clients

Wealthy clients are focusing more on health and philanthropy, and are scaling back on luxury purchases, says wealth managers. Check out more coverage and tips from the 2011 Annual Wealth Management Conference in Toronto.

By Sheila Avari | August 28, 2012

27 min read

Market Insights

How 2008 changed wealthy investors

High-net-worth investors have changed priorities after the financial meltdown

By Sheila Avari | July 9, 2012

3 min read

Planning and Advice

Securing clients for life:Part Two

“I think karmically,” says Michael Kay, a CFP based in Livingston, New Jersey. “I do pro bono work, referred by friends or members of the clergy, for people who need financial advice but have an inability to pay. We’re in a helping profession and if we can help someone gain stability and financial direction, we will.” Kay does just that, even though his investable asset minimum is $750,000.

By Sheila Avari | May 6, 2011

7 min read

Planning and Advice

Securing clients for life: Part One

A few months ago, two respected money management firms — one bank-owned brokerage and one discretionary investment counsel — made compelling pitches to an ultra-conservative Toronto couple on how they would manage the couple’s $2 million non-registered portfolio.

By Sheila Avari | May 5, 2011

4 min read

Industry

Live Coverage: 2011 CFA Toronto Conference

Sheila Avari, Web Editor – Canadian Capital, will be reporting live from the 2011 Annual Wealth Management Conference in Toronto, Tuesday, May 3 and Wednesday, May 4, 2011. To stay competitive in a rapidly changing and dynamic environment, wealth managers, advisors and their firms must develop skills and solutions to successfully attract and serve clients. […]

By Sheila Avari | May 2, 2011

27 min read

Planning and Advice

Securing clients for life

By Sheila Avari | March 1, 2011

11 min read

Industry

VenGrowth’s abandoned merger leaves GrowthWorks hopeful

VenGrowth is still on the market. At a fairness hearing last Friday in Toronto both the court and the Ontario Securities Commission rejected Covington Fund’s bid for the firm, largely due to poor disclosure practices, forcing the boards of both companies to terminate the acquisition agreement. The decision is a boon for David Levi, president […]

By Sheila Avari | December 22, 2010

3 min read

Industry

VenGrowth fight heads to court

Covington Fund’s bid for VenGrowth was center-stage at the firm’s AGM last week, commanding 73% of the “yes” vote. But David Levi, president of competing bidder, GrowthWorks, says he isn’t giving up. “It’s not over yet, by a long shot,” says Levi, who urged shareholders to vote “no” on the Covington deal. “There was an […]

By Sheila Avari | November 30, 2010

3 min read

Planning and Advice

The compromised client

Jack often talks about his stepdaughter. In the Richmond Hill, Ontario, long-term care facility where he lives, residents often chat about their families, but Jack’s repetitive stories focus on his suspicions—he thinks his stepdaughter is slowly withdrawing his money from their joint bank account. Familiar with his accusations, his nurses chalk the tales up to […]

By Sheila Avari | November 15, 2010

5 min read

Industry

Budget draws mixed reviews from industry associations

Income trusts capped in a housekeeping budget Staying the course: No surprises in Goodale’s first budget Advisors react to “non-event” budget Budget draws mixed reviews from industry associations Industry insiders analyze return to prudence The federal budget and your financial plan (Client letter) Back to main page Oliver told Advisor.ca that he was also pleased […]

By Sheila Avari | March 18, 2004

4 min read

Industry

CI insurance: Tax consequences and changing demographics

(January 20, 2004) The potential tax consequences of critical illness insurance (CI) was the subject of a popular seminar at the recent World Critical Illness conference in Victoria. Florence Marino, Manulife Financial’s assistant vice-president of tax and estate planning, delved into the Income Tax Act and CCRA’s interpretations of CI in front of a capacity […]

By Sheila Avari | January 20, 2004

3 min read

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