Posts Tagged “investments”
May 28th, 2018 We would like to thank CCIR and CISRO for inviting FSCA in commenting on the Draft Guidance for the fair treatment of consumers as part of the public consultation on this subject.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…
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…
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…
by Richard Proteau (Author Unraveling the Universal Life Scam and Financial Mobile Application Designer) Few people in Canada are following the introduction of Bill n°141 in Quebec: An Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions. This is a…
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…
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…
I am dedicating this text to Jim Ruta and friends who believe that the insurance industry does not need more and better regulations… LEARN ABOUT THE UNIVERSAL LIFE SCAM: http://www.amazon.ca/Unraveling-Universal-Life-Richard-Proteau/dp/1503246167 Four advisors who broke the same law; four advisors who received totally different sanctions for the same infractions. The differences in the…
Before answering this question, I should ask first whether you know that there are two types of marginal tax rates in Canada. There is the “POSTED” marginal tax rate which is what is used by the financial industry and what is shown on tax sites such as TAXTIPS http://www.taxtips.ca/marginaltaxrates.htm. But these marginal tax rates…
PART 2: VALUE BASED ANALYSIS – LOST IN TRANSLATION By Richard Proteau: http://www.amazon.ca/Unraveling-Universal-Life-Richard-Proteau/dp/1503246167 Advice is in the end all about value. Without value there is no need for advisors. Discover the true value of life insurance by using the only application that can do a pre-estimate of the Fair Market Value of…
Learn more about the Universal Life Scam: http://www.amazon.ca/Unraveling-Universal-Life-Richard-Proteau/dp/1503246167 In 1966, the Carter Report made a series of recommendations in overhauling the Income Tax Act including changes to the taxation of life insurance. The main recommendation pertaining life insurance policies was: “3) In general, investment income accumulated for the benefit of the policy holder…
