This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Financial Advisors More Optimistic About U.S. Capital Markets Than Canada In The Year Ahead

Stocks in this article: SLF

The majority of advisors (71 per cent) believe Canada's overnight interest rate will be higher on June 30, 2013 than it is today. While 69 per cent believe the Consumer Price Index will rise either one or two per cent over the next 12 months.

The effects of the 2008 financial downturn are still being felt by Canadian investors:

  • Advisors believe almost half (48 per cent) of their clients are more risk adverse since 2008.
  • Thirty-seven per cent believe their clients are pessimistic about the current market conditions.
  • Fear of losing capital (62 per cent) is the number one concern advisors hear from their clients followed by fear that their investment performance won't be enough to achieve their lifestyle goals (61 per cent).
  • The money invested won't be enough for retirement (60 per cent) and fear that if markets crash, clients won't have enough time to make up any losses before retirement (59 per cent) are also concerns advisors hear.

Listen to Sadiq S. Adatia, Sun Life Global Investments Chief Investment Officer, as he comments on the Index.

Read the full report on the Advisor Sentiment Index for more key findings and results.

These are some of the findings of an Ipsos Reid poll conducted between April 23 and May 4, 2012 on behalf of Sun Life Financial. For this survey, a sample of 475 Canadian financial advisors was interviewed online. The survey participants represent a cross-section of the Canadian financial services industry including affiliated and independent financial advisors. More than two thirds (70 per cent) of the survey respondents are members of the Mutual Fund Dealers Association (MFDA) and a third (35 per cent) are members of the Investment Industry Regulatory Organization of Canada (IIROC). A survey with an un-weighted probability sample of this size and a 100 per cent response rate would have an estimated margin of error of +/- 3.9 percentage points, 19 times out of 20, of what the results would have been had the entire population of Canadian financial advisors been interviewed. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.  Percentages reported in this summary are rounded to the nearest whole number.

This press release may include future or forward-looking statements that are speculative in nature and which cannot be relied upon. There is no guarantee that these events will occur or in the manner speculated. Information provided in this press release is compiled from sources believed to be reliable at the time of release, but no representation or warranty, express or implied, is made as to its accuracy.  Information and commentaries expressed herein are subject to change without notice and are provided in good faith without legal responsibility. This press release is not intended to provide specific financial, tax, insurance, investment, legal or accounting advice and should not be relied upon in that regard and does not constitute a specific offer to buy and/or sell securities.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,828.24 +0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASDAQ 4,791.63 +4.3130 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs