Prospecting is important for any advisor trying to grow his book. So, think of meeting a new client like you’re going to a job interview. Be prepared to prove yourself and demonstrate the value you can add. Here are a few questions clients may ask you, notes Financial Planning. Read: How prospects are finding you […]
Economists have often said economic growth will continue indefinitely over the long term. But, is this actually true?
And you thought Canada's tax regime was bad.
Tan Chi Min, a former RBS derivatives trader, is suing the bank for wrongful dismissal—a case that Financial Times reports is rooted in the LIBOR scandal. Read: How to reform LIBOR: CFA poll Tan was fired in November 2011 for alleged gross misconduct relating to the setting of LIBOR. Now, he counters in his lawsuit […]
The British Bankers’ Association (BBA) is dropping its role in the setting of LIBOR. The move comes four years after questions were first raised about whether banks were lying in their submissions to the rate setting process, reports Financial Times. Read: How to reform LIBOR: CFA poll The reforms, which come out of a review […]
Google shares increased $15.39 to close at $749.38 on Monday, reports Richard Waters of Financial Times. Since July, Google has added 30%, ($75 billion) to its stock market value. Read: Google buys Frommer’s; cuts Motorola staff Recently, Google has been making headlines as it competes with other companies, namely Facebook, for ad revenue. This rally […]
Is Facebook tracking ads? Much to the chagrin of privacy advocates, the answer is yes. Facebook is working with Datalogix, a company that measures online and mobile sales, to track whether people who see ads on the social networking site actually buy those products, reports Financial Times. Read: Banks “buying” friends on Facebook Datalogix has […]
Large U.S. banks like JPMorgan Chase and Citigroup have been warned about putting aside too little money to guard against loan losses, says Financial Times.
Wealthy investors may have more money, but that doesn’t mean they use vastly different investment strategies than your other clients.
Bank of America is set to cut up to 16,000 jobs by year-end, reports Tom Braithwaite of Financial Times. This will bring its total headcount to 260,000, down from 288,000 in 2010. Read: Morgan Stanley revenue tanks; Bank of America beats targets The cuts are part of a cost-cutting initiative, “New BAC,” a broad efficiency […]