many financial advisors are wary of discount brokerage firms and discourage their clients from using them. These advisors fear their clients will bring serious harm their portfolios, says Connie Stefankiewicz, president and CEO of BMO InvestorLine Inc., a division of Bank of Montreal in Toronto, and some advisors think their clients may leave their business entirely.
Reports allow online investors to gain deeper insights into investments
Discount brokerages and their full-service counterparts have seen increased demand for access to global investments
RBC Direct Investing will offer its lower flat commission pricing to even more clients as of December 22, the online brokerage said Wednesday.Clients who hold between $50,000 and $100,000 in household assets invested through RBC Direct Investing, will pay a flat commission rate of $9.95 per Canadian or U.S. equity trade when placing orders through […]
$9.95 per trade pricing extended to clients with more than $50,000 in assets
New offer applies to investors with combined balances of $100,000 or more in CIBC products
New mobile platform launched
Dividend announced
Few online investors feel their portfolios are well diversified
Credential Direct marked its 10th anniversary or October 2, and the credit union system’s preferred full service brokerage says it has plans to further expand its business.Founded by Credential Financial Inc., in partnership with Canadian credit unions, Credential Direct launched in October 2000. “Credential Direct is an important part of the overall Credential offering and […]