Pfizer has agreed a deal to combine with Allergan in a $160 billion transaction that will be among the biggest deals of all time. This fall, NBA commissioner David Stern suspended Carmelo Anthony for 15 games and fined him $640,097 in salary for his role during the NBA’s latest brawl between the Denver Nuggets and the New York Knicks. Comparing the FC-200V against other financial calculators (I’ll use the Hewlett Packard HP 10bII+ for comparison tonight – picture shown below), it seems that the FC-200V breaks away from the traditional financial calculator set up. On recent financial calculators, there has been a growing number of scientific functions. You did a good job creating an important lens about hiring a live-in nanny from Philippines.
The Canadian financial services industry has many types of individuals that call themselves financial advisors but depending on the services they offer and the organizations they represent, many cannot call themselves truly independent. Some financial service organizations aggressively recruit their own sales force of advisors to promote only the organization’s limited product shelf.
A truly independent financial advisor is an individual that is not bound or motivated by quotas, minimum desk production and other production targets that may result in exotic trips and prizes for the advisor or conversely, immediate dismissal if targets are not reached. As well, an independent financial advisor must have access to a very broad shelf of products and services so that they can easily shop the market” for the best possible option for their clients. Dollar for dollar, rehabilitation projects create two to five times as many jobs as new construction.
Yes, professional designations such as the Certified Financial Planner (CFP) do matter and demonstrates that the advisor has the knowledge to create and monitor a financial plan. In my opinion, the perfect independent financial advisor would be an advisor that holds a professional designation such as CFP and demands that all new clients receive a written financial plan.
The perfect independent financial advisor would have access to a large variety of money managers, insurance companies, banks and other financial institutions such as investment counselors. Depending on the size of an investment plan, my perfect independent financial advisor would work with other 3rd parties as my quarter-back” to find alternatives for my specific needs.