Try as they might to deny it, financial advisors must face the fact that the industry’s prevailing compensation structures are hurting, not helping, their ascent to professional status.The sales commission system works well for financial services firms because it gives them leverage over advisors. Both manufacturers and dealers can use commission rates to drive advisors […]
Credential the first retail wealth management provider to join
Daniel Edwin Stewart prohibited from participating in the capital markets for 4 years
Solid growth in exports and investment spending will offset U.S. housing sector slowdown
Spending on durable goods plunges
Canadian economic activity increased 0.3% in May, after remaining essentially unchanged in April, Statistics Canada reported today.Significant increases in retail and wholesale trade propelled the growth in May, while an important drop in oil and gas exploration dampened it. The 0.5% gain in service industries more than offset the 0.1% decrease in the production of […]
North American stocks appear poised for a second day of gains on Tuesday, boosted by upbeat results from General Motors and Sun Microsystems.GM swung to a profit in the second quarter amid strength in its international operations and momentum in its core North America automotive unit. Sun Microsystems swung to a quarterly profit of US$329 […]
Insurer hikes quarterly dividend to 34¢ a share
Annual redemption dates moved up to August 30