Some might be interested in the Investment Executive Brokerage Report Card:
Not surprisingly, the strong growth in advisors’ businesses flowed through to their bottom lines: more than a fifth (20.8%) of Report Card respondents reported making over $1 million in annual compensation, up from 13.2% in last year’s survey.
Only 18.9% said they were earning less than $250,000 per year, down from 25% in last year’s survey. Only 2.4% said they make less than $100,000 per year (down from 3.8% in 2018).
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| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0273 % | 2,075.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0273 % | 3,807.9 |
| Floater | 5.66 % | 6.02 % | 49,233 | 13.84 | 3 | -0.0273 % | 2,194.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2433 % | 3,286.0 |
| SplitShare | 4.69 % | 4.93 % | 80,941 | 4.28 | 7 | -0.2433 % | 3,924.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2433 % | 3,061.8 |
| Perpetual-Premium | 5.52 % | 1.24 % | 97,739 | 0.09 | 12 | 0.0230 % | 2,954.8 |
| Perpetual-Discount | 5.43 % | 5.49 % | 76,537 | 14.62 | 20 | -0.0440 % | 3,097.4 |
| FixedReset Disc | 5.25 % | 5.37 % | 172,495 | 14.94 | 63 | -0.2538 % | 2,187.2 |
| Deemed-Retractible | 5.23 % | 5.80 % | 101,609 | 8.08 | 27 | -0.1026 % | 3,075.3 |
| FloatingReset | 3.95 % | 4.32 % | 52,424 | 2.63 | 4 | 0.3591 % | 2,412.3 |
| FixedReset Prem | 5.11 % | 3.71 % | 261,988 | 2.14 | 21 | -0.1129 % | 2,586.6 |
| FixedReset Bank Non | 1.98 % | 3.97 % | 165,838 | 2.64 | 3 | -0.0278 % | 2,647.2 |
| FixedReset Ins Non | 5.02 % | 6.81 % | 96,793 | 8.21 | 22 | -0.2195 % | 2,244.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.F | FixedReset Ins Non | -2.00 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.21 Bid-YTW : 9.30 % |
| BIP.PR.D | FixedReset Disc | -1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 22.23 Evaluated at bid price : 22.65 Bid-YTW : 5.91 % |
| IFC.PR.E | Deemed-Retractible | -1.88 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.50 Bid-YTW : 6.07 % |
| HSE.PR.E | FixedReset Disc | -1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 20.27 Evaluated at bid price : 20.27 Bid-YTW : 6.41 % |
| TRP.PR.B | FixedReset Disc | -1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 12.24 Evaluated at bid price : 12.24 Bid-YTW : 5.84 % |
| BAM.PF.A | FixedReset Disc | -1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 5.74 % |
| BAM.PR.T | FixedReset Disc | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 15.75 Evaluated at bid price : 15.75 Bid-YTW : 6.15 % |
| NA.PR.S | FixedReset Disc | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 18.33 Evaluated at bid price : 18.33 Bid-YTW : 5.47 % |
| BAM.PR.X | FixedReset Disc | -1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 14.06 Evaluated at bid price : 14.06 Bid-YTW : 5.88 % |
| MFC.PR.I | FixedReset Ins Non | -1.33 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.81 Bid-YTW : 6.74 % |
| HSE.PR.G | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 6.49 % |
| PWF.PR.A | Floater | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 13.35 Evaluated at bid price : 13.35 Bid-YTW : 5.19 % |
| IAF.PR.B | Deemed-Retractible | 1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.00 Bid-YTW : 6.24 % |
| RY.PR.Z | FixedReset Disc | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 18.48 Evaluated at bid price : 18.48 Bid-YTW : 5.16 % |
| MFC.PR.Q | FixedReset Ins Non | 1.23 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.65 Bid-YTW : 6.82 % |
| PWF.PR.P | FixedReset Disc | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 14.20 Evaluated at bid price : 14.20 Bid-YTW : 5.48 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.R | FixedReset Disc | 57,417 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 22.29 Evaluated at bid price : 22.81 Bid-YTW : 5.33 % |
| TD.PF.I | FixedReset Disc | 54,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 22.39 Evaluated at bid price : 23.00 Bid-YTW : 4.97 % |
| BMO.PR.E | FixedReset Disc | 42,660 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 21.89 Evaluated at bid price : 22.34 Bid-YTW : 4.92 % |
| RY.PR.Z | FixedReset Disc | 32,769 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 18.48 Evaluated at bid price : 18.48 Bid-YTW : 5.16 % |
| TD.PF.E | FixedReset Disc | 30,552 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 21.27 Evaluated at bid price : 21.54 Bid-YTW : 5.11 % |
| TD.PF.D | FixedReset Disc | 27,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-06 Maturity Price : 20.90 Evaluated at bid price : 20.90 Bid-YTW : 5.20 % |
| There were 15 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| IFC.PR.E | Deemed-Retractible | Quote: 23.50 – 24.33 Spot Rate : 0.8300 Average : 0.6118 YTW SCENARIO |
| EMA.PR.H | FixedReset Disc | Quote: 23.70 – 24.30 Spot Rate : 0.6000 Average : 0.4015 YTW SCENARIO |
| GWO.PR.H | Deemed-Retractible | Quote: 22.41 – 22.85 Spot Rate : 0.4400 Average : 0.2775 YTW SCENARIO |
| NA.PR.S | FixedReset Disc | Quote: 18.33 – 18.79 Spot Rate : 0.4600 Average : 0.3066 YTW SCENARIO |
| SLF.PR.G | FixedReset Ins Non | Quote: 15.00 – 15.68 Spot Rate : 0.6800 Average : 0.5389 YTW SCENARIO |
| TRP.PR.B | FixedReset Disc | Quote: 12.24 – 12.65 Spot Rate : 0.4100 Average : 0.2717 YTW SCENARIO |