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SaskTel annual report notes profit for the Crown, but also challenges ahead + MORE Jul 14th
REGINA – SaskTel customers are hanging up their landlines and that’s affecting revenue.
The SaskTel annual financial report says revenue from phone service was down $234.2 million for the fiscal year ending in March because customers dropped their existing landline to go wireless.
Long-d.... More »
Chinese chemical firm warns investors that its auditor is questioning its financial statements + MORE Aug 17th
WASHINGTON – A Morgan Stanley-backed Chinese chemical manufacturer that was the subject of an Associated Press investigation last year has informed investors that auditors may not stand behind the company’s financial statements.
In November, the AP report cited discrepancies in the tax r.... More »
Lyft reveals it doubled revenue to $2.2B in 2018 as it files to go public Mar 1st
Ride-hailing giant Lyft released financial details in a federal filing before it begins selling its stock to the public, giving investors the first chance to buy into the ride-hailing phenomenon..... More »
Ayana Forward, financial advisor Feb 14th
Meet Ayana Forward
Ayana Forward is a Certified Financial Planner based in Ottawa, Ont. She owns Retirement in View, a fee only financial planning firm that specializes in helping clients within one to five years of retirement navigate the financial and lifestyle aspects of transitioning out of t.... More »
Hanjin cargo ship stranded off California finally unloads Sep 11th
LONG BEACH, Calif. – A Hanjin container ship that was stranded off the California coast for more than a week began unloading Saturday after a judge protected the global shipping giant from having its assets seized in the U.S. as it struggles to avoid bankruptcy.
The 1,145-foot-long Hanjin Gree.... More »
CFP Financial Planning Ethics Commitment or Not?
– http://canadianfinancialdiy.blogspot.ca
The Financial Planning Standards Council of Canada lays out the expected ethics of the best-known and most-common certification for financial planners in Canada, the Certified Financial Planner (CFP).The FPSC’s Definitions Standards and Competencies pdf lays out a laudable and crystal clear commitment to the public:”Principle 1: client first A financial planner shall always place the client’s interests first”But hold on, wait a minute, don’t hold them to it, “Each principle of the Code presents the expected behaviours of financial planners. The Code is designed to guide professionals in their practice but does not undertake to define the standards of professional conduct of financial planners for the purposes of civil liability.” [red highlight mine] Such prevarication does the supposed profession more harm than good. The only good thing is that the statement is out in the open whereas a lot of the other self-styled financial planners / advisors obfuscate, and try to have the public believe the client’s best interest drives the advice but in fact it is not even a hoped-for aim.
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