Canadian investors are paying the highest mutual-fund fees across 18 major nations, reports The National Post. They're paying twice as much in fees as American investors, according to a preliminary academic study in circulation.
As a result, Canadians are bypassing advisors to embrace low-fee mutual funds sold directly to consumers, or buying index funds or exchange-traded funds at discount brokers. Advisors in Canada require a 0.5% annual trailer fees.
The insurance products began 2024 in much the same way as 2022 and 2023: with record-breaking sales.
Are clients' savings working for them? How to best guide them on the pros and cons of Roth IRAs and other savings programs.
Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.
The Wall Street giant has been moving away from providing in-house retail investment advice to finding ways it can support smaller firms.
The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.
Here's how commenters such as the AARP, SIFMA, FSI, the Consumer Federation, NAPFA, the CFP Board and others view the Department of Labor's retirement advice regulation.
