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Fee disclosure rules aren’t making a difference
– moneysense.ca
Think new fee disclosure rules requiring advisors to be upfront with their clients about fees and portfolio performance are making a difference? Before you answer that, consider the following survey findings from a new J.D. Power study that canvassed 4,800 people who were using advice-based investment services from Canadian financial institutions:
Effective July 2016, ongoing regulatory initiatives known as the Client Relationship Model-Phase 2 (or CRM2) will legally require all advisors to provide reports detailing account performance and all fees and other charges (including embedded commissions). But in the meantime, it still clearly pays to ask lots of questions.
The post Fee disclosure rules aren’t making a difference appeared first on MoneySense.
'Significant risks' threaten Ontario Liberals plans to balance books by 2018 … – National Post
– news.google.ca
Please keep requests creative and genuine
– myownadvisor.ca
I enjoy running this site, and it’s had some small success over the last few years. Hopefully that continues…
On that note I’m more than happy to accept and publish articles from bloggers, writers, and the financial industry here on My Own Advisor but I keep this to a minimum because feedback on this site informs me folks are interested in reading what I have to say about a variety of subjects, not always reading content from others. For today’s post I have some quick advice for people trying to get me to “bite” on their daily offers for site content – be creative but at very least be genuine.
Be creative
“Subject:
Attractive Article for your website User
Message:
Hi,
I have a article relevant to your theme. My article is unique and
new and fresh. So will you post my article on your site if yes then please tell
me your charges as per your criteria. If it comes under my budget then
I will contact you back…
Q&A: How myRA, the government’s new retirement account, works
– canadianbusiness.com
A government-backed individual retirement account announced nearly two years ago by President Barack Obama is now available across the country, the Treasury Department said Wednesday, and it removes several barriers that keep millions of people from saving for their retirement. The account, called a myRA, has no fees, no minimum balance, no risk of losing money and it doesn’t have to be linked to an employer.
“It’s a great way to start saving for retirement in a low-risk way,” said Ed Gjertsen II, president of the Financial Planning Association.
MyRAs are aimed at those without access to employer-sponsored retirement plans like 401(k)s, but anyone under certain income levels is eligible. Workers can have contributions deducted automatically from their paychecks into their accounts, and employers are not charged any administrative fees to do so. Experts say regular, automatic contributions are a crucial way for people to build nest eggs…


