Wellington West selects Varicent to replace legacy compensation system
Schedule intended as reference for U.S. financial advisors
New regime intended to help restore consumer confidence
Eligible commissions must be from business conducted by a rep on behalf of an MFDA member
Two decisions from the Tax Court of Canada appear to limit the effect of the CRA’s own interpretation bulletin (IE:TV)
Inquiry in Australia could propose new rules (IE:TV)
Firm will be working with independent advisors to broaden its geographic coverage
Company will no longer pay up-front commissions for new purchases into DSC or LL options
Revised regs provide framework for the use of brokerage commissions
New rates as low as $7 per tradee