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  • Top advisor concerns for 2016 | Small Biz Advisor
    100 000 portfolio in most cases are not enough to cover the cost of servicing the client As a result a lot of firms have now started implementing minimum account fees or minimum account sizes up to 250 000 says Verch And smaller clients are being pushed to other channels DIY or account managers at bank who tend to be reactive rather than proactive They re missing out on all kinds of planning opportunities just because they can t be serviced by a full service financial advisor Certain CRM2 requirements might also trigger greater murkiness and confusion rather than alleviate them Verch adds For instance reporting rates of return per account rather than per household could cause clients to panic each time they see negative returns on a particular account rather than stay the course because their overall portfolio is still in line with their long term objectives Let s say a client has a registered and a non registered account is a medium risk balanced investor and wants half her money in fixed income and the other half in equities Verch explains From a tax perspective an advisor will likely suggest that she hold her fixed income in an RRSP and equities outside it When the advisor reports the average rate of return per household it will be based on an aggregate of all accounts But when the client sees each account individually if it s a down market she ll see potentially lower or negative returns on her equity account and panic Whereas she ll see flatter returns on her fixed income Seeing both together would project the more accurate picture Verch is also skeptical about IIROC s definition of the elderly client anyone 60 and over That in our mind is ridiculous IIROC is suggesting these clients

    Original URL path: http://www.smallbizadvisor.ca/your-business/top-advisor-concerns-for-2016-4112 (2016-04-26)
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  • Expect lower returns in 2016: analysts | Small Biz Advisor
    fund giant Vanguard That said they will likely pale in comparison to the strong returns we ve had over the last five Here s a look at what analysts predict for 2016 U S stocks Corporate profit growth hit a wall in 2015 That was due to the plunging prices of oil and metals and to the stronger dollar hurting exporters Also economic growth remained tepid throughout the year So even though analysts expect profits to stabilize this year companies across many industries may grope for revenue growth As well stocks in the S P 500 are no longer cheap relative to their earnings The index is trading at 17 2 times its earnings over the last 12 months higher than its average of 14 5 over the last decade A measure that looks at price and longer term earnings trends popularized by economist Robert Shiller a Nobel prize winner is also more expensive than its historical average Since expensive stocks have little room to gain investors should brace for dips The market s big drop in August was so rattling because it hadn t happened since October 2011 which was an abnormally long gap Since World War II investors have been hit with drops of at least 10 every 19 months on average But Goldman Sachs strategists are forecasting the S P 500 will end 2016 at 2 100 which would be a 4 rise from Monday s close of 2 021 Barclays expects the index to rise 9 and Deutsche Bank expects it to rise 11 Foreign stocks Investors poured a net US 208 billion into international stock funds in the last year while pulling US 56 billion from U S stock funds One reason for that migration is investors want to make their portfolios look more like

    Original URL path: http://www.smallbizadvisor.ca/your-business/expect-lower-returns-in-2016-analysts-4111 (2016-04-26)
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  • Your Business | Small Biz Advisor - Part 8
    associated BY Ammo Baines Advisor ca November 10 2015 When people have multiple businesses it s possible for those businesses to become associated for tax 5 things you need to know about crowdfunding investing BY Associated Press November 5 2015 Provincial securities regulators are monitoring and releasing guidelines for investors and companies who want to How to boost portfolio returns BY Sarah Cunningham Scharf Advisor ca November 5 2015 It s a combination of internal and external teams writes Sarah Cunningham Scharf Advisor ca To strengthen portfolios consider The employer wish list anyone taking notes BY Patti Ryan November 3 2015 A recent U S survey conducted by Zywave found some interesting things when it surveyed 1000 The 4 winning strategies of growing businesses BY Alexandra Bosanac PROFITGuide com November 3 2015 New research from the BDC identifies how successful Canadian SMEs fuel expansion writes Alexandra Bosanac Why every small business needs to be online BY CB Insights CanadianBusiness com October 29 2015 An online presence is the new must have in business suggests new research from CB Business SMEs struggling with e commerce initiatives BY Staff October 29 2015 Despite an enthusiastic 81 agreement that mobile and digital communications

    Original URL path: http://www.smallbizadvisor.ca/your-business/page/8 (2016-04-26)
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  • Protect clients from abusive debt settlement practices | Small Biz Advisor
    law called the Collection and Debt Settlement Services Act severely restricts debt settlement companies ability to charge upfront fees and it limits their overall fees to 15 of each payment to creditors plus a set up charge of 50 per account In the event the debtor makes a lump sum settlement offer fees are capped at 10 This protects debtors because except for the small set up charge the settlement agency can t charge fees until the debtor begins to make payments That means the creditor has likely agreed to a settlement deal In addition debt settlement companies are now included under the same regulatory umbrella as collection agencies The Act however doesn t apply to lawyers trustees in bankruptcy or not for profit credit counselling agencies What does this mean for clients seeking debt relief Settlements are still possible The law simply stops the collection of fees before services are rendered On the surface this sounds like a good thing The law s introduction immediately drove some large debt settlement companies out of Ontario Unfortunately we think it is only a matter of time before some companies transform themselves into debt consulting firms not subject to the new rules and return to the market We have seen evidence of this already The easiest way for a debt settlement company to avoid the new rules is to partner with a law firm or lawyer Under the lawyer s auspices the debt settlement company would be exempt from the new laws Lawyers have strict rules of conduct so if firms decide to continue under the old system we don t believe these relationships will survive for long A lawyer wouldn t likely tolerate the negative impact these debt settlement arrangements would have on his or her reputation and practice The second

    Original URL path: http://www.smallbizadvisor.ca/your-business/protect-clients-from-abusive-debt-settlement-practices-4104 (2016-04-26)
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  • Helping small businesses cope with bottom-line pressure | Small Biz Advisor
    the question Are small business owners feeling similarly gloomy about their bottom lines Are consumer attitudes taking a toll Sun Life advisor and certified financial planner Brian Burlacoff says if you asked his clients most would say business is steady as she goes that is the general sentiment is more cautious than outright negative I would say owners are hesitant to hire or to make new investments right now and growth has been a bit of an issue says Burlacoff noting that the recovery since the economic downturn of 2008 has not been as robust as hoped There are always going to be outliers but overall most small businesses are in the same boat Sophia Nizamuddin a group health specialist with Svab Insurance Inc says she s finding that the not for profit sector is particularly concerned about the bottom line because they have strict budgets and only a certain amount of money that can be allocated to group benefits and other items That said we are able to work with those budgets to offer clients a plan that suits both employees and employers and in some cases we are able to save them money so their bottom lines are

    Original URL path: http://www.smallbizadvisor.ca/your-business/helping-small-businesses-cope-with-bottom-line-pressure-4100 (2016-04-26)
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  • Brace for ‘periodic scares’ in 2016: HSBC | Small Biz Advisor
    Global Asset Management s 2016 investment outlook Highlights The global economic environment is likely to remain in a fragile equilibrium one where global growth and inflation both remain relatively low with potential periodic scares triggering bouts of stock market volatility HSBC GAM is selectively positive on credit for 2016 with a focus on low investment grade and better quality high yield Expect attractive valuations in the U S and even

    Original URL path: http://www.smallbizadvisor.ca/your-business/brace-for-periodic-scares-in-2016-hsbc-4099 (2016-04-26)
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  • Don’t ignore global opportunities | Small Biz Advisor
    With the loonie trading below 72 cents clients may be extra sensitive to this concern However investors can diversify their portfolios by looking for opportunities in corporate credit high yield credit and government bonds outside of Canada says Braive The majority of high yield issuance in trading is in the U S market So we have very large exposure in the high yield portion of our portfolios to that market and we re very active there The type of deals we see there are across a broad range of industries and credit ratings In fact the U S market is on a tear this year he adds It s going to be a record year for issuance in investment grade securities and there are a lot of opportunities that have come up in the last couple of years Outside of the U S Braive is invested in Australia and Mexico At certain times they become attractive vis a vis our Canadian yields for governments But before investing in international investment grade securities investors have to consider currency trends You have to look at the exposure of your currency because an adverse move in currency could take away all potential gains

    Original URL path: http://www.smallbizadvisor.ca/your-business/dont-ignore-global-opportunities-4095 (2016-04-26)
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  • 3 Tips for hosting an amazing customer event | Small Biz Advisor
    to business marketing budgets Enterprise events are all about leading your ecosystem says Jeff Sinclair CEO of Vancouver s Eventbase whose mobile apps used by the likes of South By Southwest and Comic Con have won gold awards for best app at Event Marketer s Event Technology Awards two years in a row The company recently raised U S 6 million new funding Organizations are realizing that events are where they bring their customers and partners and staff together That s where they learn about what their customers need That s where they build those relationships Sinclair whose firm also develops apps for SAP Microsoft and Salesforce com events has the some tips on making your corporate bash one to remember It s about great content Offer speakers and or performers your clients would pay to see Give them ways to make more money And make it fun not work Go mobile Many event producers still devote a lot of money and effort into creating a great website Eventbase has intensively surveyed event goers only to find when people are at an event they don t use the website at all Sinclair says You need a mobile app that ideally

    Original URL path: http://www.smallbizadvisor.ca/your-business/3-tips-for-hosting-an-amazing-customer-event-4091 (2016-04-26)
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