Finance minister says less than 1% of BC homeowners impacted
The Big Six are aggressively expanding in the wealth segment, and they are likely to push their advantage in scooping up young advisors. That may mean independents and mid-tier firms will have to come up with new ways to recruit.
There is a huge gulf between how advisors are paid and how investors think they are paid; indicating that advisors are not putting in enough effort in educating their clients about compensation.
With summer coming to a close and the days getting shorter, your clients may start to develop a lower appetite for risk. A new study shows that sunlight makes people far more likely to take risks with their money.
The Big Six chartered banks all posted double-digit growth in their wealth management operations and you can expect them to continue to expand aggressively.
Canada’s securities regulators have approved e-disclosure rules. Instead of issuing excessively lengthy e-mail or multiple pages of pdf documents (which clients may never read), firms can now provide them with hyperlinks (which they may never click).
A new Google Glass app may soon allow users to have a permanent market ticker embedded in their field of vision. But having a constant stream of information may not be a good thing for some investors.
RBC’s 3Q net income was up 3% year on year at $2.3B, supported by a massive 51% rise in earnings for the bank’s wealth management business.
Strong gains in the wealth segment helped CIBC bring in its highest net earnings to date.
TD Bank Group’s third-quarter earnings, and those in its combined wealth and insurance segment, took a hit from weather related losses in the insurance segment and at group level were down 13% year on-year at $1.6 billion.
The president of a US bank has pleaded guilty to using bailout funds to buy a luxury condo. Unfortunately for him, the size of his institution does not put its executives among the ‘too big to jail’ set.