Practice

Borrowing trouble

(December 2005) Sure, you might be able to borrow money from a client at a better rate than you could get from a bank. But just because you can, doesn’t mean you should. It does happen, though, and that’s why the Mutual Fund Dealers Association chose to issue a notice outlining how it expects advisors […]

By Philip Porado |November 21, 2005

4 min read

Two Diversified Income Solutions

bestLINK Protected Deposit Notes™ – R.O.C.™ Diversified Income Class, Series 1 bestLINK Protected Deposit Notes™ – Diversified Income Class, Series 1 Sales Support Materials Sales Tool – R.O.C.™ Diversified Income Class Sales Tool – Diversified Income Class The two bestLINK™ income solutions provide the potential for stable monthly income and growth all at the same […]

By Staff |November 17, 2005

2 min read

When you are the client: Can someone explain why advisors bill themselves?

(November 2005) Suppose you have your neighbour’s teenage son mow your lawn every Saturday for $20. Assume one Saturday he couldn’t make it, so you had to mow the lawn yourself. Would you send yourself a bill for $20 and pay tax on the income? Hopefully, we can all agree that paying yourself for services […]

By John J. De Goey |November 15, 2005

3 min read

Neatness counts in registration process

(November 2005)Do you want to run a solid registration department and minimize regulatory fines for errors and omissions? Then assign a staff person whose job it to take care of the issue exclusively, instead of asking a compliance person or other officer of the firm to multi-task. Edie Wilson, vice president for regulatory and compliance […]

By Philip Porado |November 14, 2005

2 min read