Posts Tagged “financial planning”

Comments: Draft Guidance Fair Treatment of Consumers

By |

    May 28th, 2018 We would like to thank CCIR and CISRO for inviting FSCA in commenting on the Draft Guidance for the fair treatment of consumers as part of the public consultation on this subject.   The Financial Services Consumer Alliance (FSCA) is an informal alliance of consumers whose sole objective is to…

Read more »

Shame on La Chambre Financiere!!!

By |

Shame on La Chambre Financiere for distorting the truth and misrepresenting the facts!   Shame on La Chambre Financiere for exploiting the victims of fraud in order to justified its continued existence!   Suzanne Legault is a victim of fraud. While battling cancer she entrusted her financial affairs to a licensed representative registered with the…

Read more »

How do you account for MERs in financial planning?

By |

The Management Expense Ratio (MER) represents the combined total of all the fees applied to a Mutual Fund. This includes the management fee, operating expenses and taxes charged to a fund during a given year. It is expressed as a percentage of a fund’s average net assets for that year.   As a Financial Application…

Read more »

Ignorance is what separates financial advice from financial dogma and financial doctrine…

By |

« When I chose to only deal with professionals, I never would never have thought I was choosing a life of solitude. In Canada, when we are faced with choosing between simplicity or truth, Canadians have a culture of always choosing the easy way out. » Richard Proteau (reflection on financial services and financial industry).   Have…

Read more »

2016 Financial Quackery Award

By |

Nominees and winner can be seen at Financial Quackery Award The Financial Services Consumer has announced the nominees and winner of the 2016 Financial Quackery Award. Financial quackery is the misrepresentation of facts in the promotion of financial products or services by someone in a position of power, influence or trust over the consumer. The…

Read more »

Did Options Consommateurs published a fake report?

By |

Note: Want to know everything about insurers. We will be providing the best info to the DIYer at insurers. Site is not completed yet but it provides a general idea of the content…   On December 1st, an organization named Options Consommateurs whose mission is supposed to be the protection of the consumers in Quebec…

Read more »

Who is selling insurance?

By |

Visit our website Financial Services Consumer Alliance to learn more about who is selling insurance Agents versus Brokers and Advisors…   “You should never consider buying the insurance that you want unless you have bought ALL the insurance that you need!” Richard Proteau   The power of words…we forget it too often. Words define how we perceive reality…

Read more »

Canadians lose 40%+ of their lifetime retirement assets to the financial industry!

By |

  This is what we learn from The Poor Bartender; the only UNCENSORED book on how not to lose money when dealing with the financial industry. This book shows how saving money is the easy part of retirement planning. Investing money is the hard part and this is where Canadians lose most of their retirement…

Read more »