Atlanta Fed: Ex-smokers highest earners
Do you have clients who smoke? Advising them to quit may be good for their wealth. New research shows that ex-smokers not only earn higher salaries than smokers, they also have higher pay packages than people who have never smoked in their lives.
Judge slams S&P 's defense
A US judge has refused to dismiss a $5-billion government civil fraud suit against Standard & Poor’s, mocking the defendant’s argument that investors’ were at fault for trusting its credit ratings.
Looking for an ideal wedding gift? Try a financial plan
Advisors have been called a lot of things, but how about the “perfect wedding gift”? New research suggests most engaged couples need your services more than china, pots and pans and, yes, even a toaster.
CSA cautions on disclosure and compliance
New CSA guidelines reassert the importance of advising clients on the perils they potentially face in borrowing funds to invest.
Poloz remarks warmly received, mostly ignored
If he wanted to avoid market disruptions, the Bank of Canada governor couldn’t have chosen a more perfect day for his inaugural policy statement.
OSC seeking more jail time for securities law offenders
The Ontario Securities Commission will be pursuing more criminal prosecutions, and seeking increased jail time, for offenders of securities laws.
McDonald’s financial planning guide prompts backlash
Fast-food giant McDonald’s is receiving brickbats after publishing a financial guide for staff illustrating that survival on the company’s average wage is near impossible. Still, the guide may offer some useful tips.
Funds investors take a summer holiday, should you?
Advisors attempting fund sales during the hot days of summer may be wasting their time, with data confirming a significant drop-off as we headed into June.
CSA adds disclosure rules, compliance headaches for advisors
Regulators are ratcheting up disclosure requirements with the announcement of a three-year phase-in, but some advisors are already quitting one key segment of the market citing a mountain of paperwork.
Bank puts all advisors on salary: other firms, advisors watch closely
Where will it all end? A major global bank is doing away with commissions as part of its advisor compensation, even where there is no regulatory impetus.