• In The Press

    Media Attention

    Transcend has been featured in numerous articles by the most respected names in Canadian media. See what they are saying about Transcend.

Will new disclosure rules lead advisers to finally abandon segregated funds?

It is easy to understand why segregated funds – investment products similar to a mutual fund with an insurance component that offers certain guarantees – are a favourite investment vehicle for many financial planners. They have a great marketing gimmick, a rosy benefits story that makes them an easy sell, the payout to advisers is… Read more »

Robo-advisor irony is “quite laughable”

Robo-advisors may appeal to the younger generation but most people still want the comfort of a human expert to lead them through the nuances of investing. That’s the view of Chris Ambridge, president and chief investment officer at Provisus Wealth Management, who agrees it is an “awesome concept” but said firms in Canada face a… Read more »

Seg funds targeted

Although insurance advisors may have a more difficult time selling segregated funds as regulators move to harmonize the disclosure regime of seg funds with that of mutual funds, investors will benefit from the shift toward greater transparency. In December, the Canadian Council of Insurance Regulators (CCIR) published a position paper highlighting the regulators’ new expectations surrounding seg fund-related… Read more »

Why advisors should brace themselves for CRM3

Advisors had better get used to CRM2 because CRM3 is in the pipeline, according to one industry insider. The recent Mutual Fund Dealers Association (MFDA) CRM2 compliance report said that a “reasonable” number of its members adhered to the regulations but that there were concerns, including the bundling together of Deferred Sales Commissions and trailing fees, and ambiguous… Read more »

Lunch and learn sessions should be more than free pizza

President of Transcend, a pay-for-performance service. A quick Google search of the words “lunch and learn” generates tens of thousands of responses and many of them offer advice on how to host the perfect lunch session in the workplace. Too often, the same buzzwords are bandied around to describe what can be achieved in fewer… Read more »

Compression and Commoditization

Competition for new clients is increasing and advisory fees are shrinking in part because clients have access to greater information and expertise in the form of low cost platforms. In 2016 the average U.S. advisory fee for new accounts was 1.02%, down from 1.04% in the prior year and 1.21% in 2014, which is a… Read more »

Prolong your practice

You’ve spent your entire career building your practice from the ground up and now you’re thinking of selling it. You have a book full of loyal clients who you enjoy servicing but the pressures placed on your time is starting to wear on you. While many advisors seem doomed to work long hours into their… Read more »

How high investment fees can diminish Investment Returns

Special to the Financial Independence Hub The objective for most investors is to earn value-added performance. Unfortunately there are fees and other costs that can diminish investment returns. The reality is that the costs associated with investing in these products can lead to underperformance when measured against industry standard benchmarks. The above chart shows the… Read more »

Financial firm rolls out new fund under performance-based fee model

Financial firm rolls out new fund under performance-based fee model Investors seeking for yield away from a bond or guaranteed investment contract (GIC) now have another option, thanks to Transcend Private Client’s new offering, the Multi-Strategy High Yield Fixed Income Fund. The group’s new fixed-income fund will follow its recently launched Pay-for-Performance fee model, where… Read more »

Transcend launches new fund under pay-for-performance fee model (P&T)

Clients who invest in Multi-Strategy High Yield Fixed Income pay a nominal amount unless the fund outperforms its benchmark Toronto-based Transcend Private Client Corp., a subsidiary of Provisus Wealth Management Ltd., has launched a new fixed-income fund, Multi-Strategy High Yield Fixed Income, which will follow the pay-for-performance fee model introduced to the Transcend platform in… Read more »

Transcend launches fixed income fund

Transcend has launched the Multi-Strategy High Yield Fixed Income Fund, which allows clients to pay a nominal fee unless performance results are above the industry benchmark. Investors using the fund won’t pay anything above basic management costs until the fund outperforms the benchmark. In this case, the benchmark is 50% of the FTSE Short Bond… Read more »

Transcending Wealth Management

Investment platform is now bringing pay-for- performance to fixed-income space Last September, Provisus Wealth Management shook up the wealth management space with the launch of its Transcend platform. Responding to consumers’ frustrations that asset management in Canada was overpriced for everyday investors, the firm offered a pay-for- performance model within its equity pooled fund suite.… Read more »

Are Investment Fees for suckers?

Special to the Financial Independence Hub Providing a service costs money, but paying a fee deemed as an unnecessary amount has come under attack from consumers at all levels. Think banking fees, or the perception of “hidden fees” on phone bills to brokerage and investment fees. Consumers are demanding more value and in some cases… Read more »

5 common mistakes when working with an advisor

Special to the Financial Independence Hub Canadians are often faced with complex and nondescript investment products that can be overwhelming.  As such, most people need professional advice. With personal recommendations as one of the most common forms of referrals, selecting the right advisor should also be based on qualifications, fees that won’t gouge, and the advisors… Read more »

Advisors need to counter growing threat of robo-advisors

As new research shows robo-advisors are gaining traction among clients, advisors should find ways to use these tools as well as provide the unique services that set them apart.   As robo-advisors present a growing threat to traditional financial services firms, financial advisors should find ways of using these tools in their practices and focus… Read more »

Delegating for Success

Transcend President Chris Ambridge, CFA explains how advisors can lessen their workload but boost profits at the same time If an advisor were to rank their key responsibilities, keeping clients satisfied surely figures at the top of that list. It’s a priority that does not receive enough attention according to many in the profession, as… Read more »

This hybrid mutual fund model promises index-beating returns—at ETF prices

Chris Ambridge, president and Chief Investment Officer, Provisus Wealth Management. (Portrait by Erik Putz)   The mutual fund industry is on the brink of big change. Already losing business to low-fee exchange-traded funds and robo-advisers, it faces new fee disclosure rules in 2017. There’s even talk of a ban on trailer fees, an established way… Read more »

Providing Clients with Peace of Mind

Transcend Private Client was created by Provisus Wealth Management to offer Canadians flexible Wealth Management services. They are a financial planning firm that caters to a diverse range of clients and specialises in creating customised solutions that provide their clients with financial peace of mind. Transcend recently won the Most Outstanding Wealth Management Firm of… Read more »

Are performance-based fees better for investors? New disclosure rules have firms experimenting

As new disclosure rules give Canadian investors a clearer picture of how much they pay in fees, some financial services firms have begun experimenting with alternative arrangements in which their paydays are more closely linked to how well —  or poorly — their clients’ investments have performed. As opposed to the traditional percentage levied on… Read more »

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