Reclaiming Control: How Edward Jones Rewards Me for Building …
Dec 9, 2024 · Despite my experience and the value I brought to clients, I found myself tied up in meeting shifting internal targets and navigating firm priorities that didn’t always align with serving my clients in the best possible way.
US stocks fall sharply after the Fed hints at just 2 rate cuts for 2025
Dec 18, 2024 · The bigger question centres on how much more the Fed will cut next year. A lot is riding on it, particularly after expectations for a series of cuts in 2025 helped the U.S. stock market set an all-time high at least 57 times in 2024.
U.S. brokerage failed to guard against reps’ theft
Dec 10, 2024 · “Morgan Stanley … did not have any policy or procedure that screened the ACH payment instructions [it] received from the originating financial institution for the name of the beneficiary of the ACH payments, which allowed Rodriguez, McKelvey and Chang to initiate ACH payments to pay their own credit card bills or otherwise improperly transfer funds for their own …
BoC delivers jumbo interest rate cut, signals slower pace of cuts ...
Dec 11, 2024 · Governor Tiff Macklem said in his prepared statement that the central bank opted for two large rate cuts in a row because economic growth doesn’t need to be restricted anymore, now that inflation is back at its target.. However, the governor signalled Wednesday that the bank will likely slow down the pace of cuts going forward. “The governing council has reduced the …
Industry moves this week | Investment Executive
Dec 5, 2024 · Each week, we summarize notable moves across the financial industry. Michelle Myers has been named global chief auditor, effective Dec. 9, with TD Bank Group, marking her entry to the senior executive team. Myers succeeds Anita O’Dell, senior vice-president and global chief auditor and interim U.S. chief auditor, as O’Dell plans to retire at the end of May 2025.
Industry moves this week | Investment Executive
Dec 13, 2024 · Each week, we summarize notable moves across the financial industry. Joanna Rotenberg is joining Vanguard as a managing director to head up a new advice and wealth management division, starting in January.Rotenberg is moving from Fidelity Investments, where she was president of personal investing and led the company’s retirement, brokerage and …
Canada’s Financial Industry Newspaper | Investment Executive
Investment Executive has the latest news and analysis on investment products, industry news and securities regulation for financial advisors.
Bridging investors may finally see some money
Nov 28, 2024 · Retail investors who held units of funds operated by failed alternative investment fund manager, Bridging Finance Inc., are in line to share $473 million in a distribution being proposed by the firm’s receiver, PricewaterhouseCoopers Inc. (PwC).
Canada-listed ETFs now have more than half a trillion dollars in …
Dec 3, 2024 · Canada-listed exchange traded funds (ETFs) took in $9.2 billion in November, according to National Bank Financial Inc. Released Tuesday, the bank’s monthly research report found that total ETF assets under management (AUM) have now surpassed the half-trillion-dollar milestone, at $517 billion. Once again, all fund categories recorded strong inflows in …
Industry moves this week | Investment Executive
Dec 20, 2024 · Each week, we summarize notable moves across the financial industry. Susan Allemang has retired as director of policy and regulatory affairs with the Independent Financial Brokers of Canada (IFBC) after 20 years. The organization credits Allemang with elevating its profile among finance professionals, regulators and industry stakeholders, and recognized her …