Iplayco Corp Ltd IPPQF

Advisors that chose wrong

[spymaster]

It is always the same stories from the advisors at Cartier and IPC. Trying to bash Assante. Listen 5 years ago advisors had the following choices 1. Join Assante. 2. Join Dundee 3. Join IPC 4. Remain independant. Option One Assante. Result: Market cap of 7oo million and rising. Earningr of 28 million and 10 million in q1 2003. Their in house funds have the top weighted average return in all of Canada. Get a hold of the Merrill Lynch report on the top Asset managers in Canada. AUM in excess of 7 billion Dollars. The bellyaching advisors are the same useless advisors that Cartier and IPC has that don't know their elbow from their bum when it comes to financial planning. Have you noticed Jonathan Chevreau has written the same article on all of the Bank Brokers. There are about 1000 advisors at Assante of course some people are not happy that is true of every organisation. Jonathan was writing that there was going to be big questions asked at the annual meeting. Where were those questions all BS. 2. Dundee is a very solid company. The reality is that in the biggest bull Market in history all of the other fund companies have exceeded NED'S tRACK RECORD. Companies that started way after Dynamic (CI ETC..) Have alot more AUM. Dundee has reached their point of incompentence. If they don't hand over the reigns they will be history. They have subordinated stock. and they don't have an analyst following. 3. IPC We blew it, Like Cartier we copied Assante's model too late. Not enough AUM to be profitable. Hopefully we are bought out soon 4. Cartier the ugly duckling of the bunch. An Average of 3 million per advisor. No one would touch this until it is cleaned up. Only NEd would take it because there isn't much left for him. I suspect he dropped iPC because he could get this at a bargain. The CDP has a 13% stake in Dundee Already. Assante unfortunately was the big winner. We joined the wrong firm. I think Steve regrets not having picked Assante.