CRM2: Are you prepared?

CRM2: Are you Prepared? The Client Relationship Model – Phase 2 (CRM2), is a three part series of enhanced transparency on fees and performance reporting to clients that heightens the level of investor protection in Canada. The regulations implemented on July 15, 2014 mandated increased information delivery to investors such as Benchmark Disclosures – that allow a client to understand how their investment is measured in order to weigh its performance, Pre-trade Disclosure of Costs – this informs the client how much the total cost will be for their investment and if there are any deferred sales charges (DSC) or trailing commissions. Additionally, there is a requirement to provide an investor a trade confirmation with regards to debt securities to align with the time of the purchase or sale of the investment.…

Algorithmic Data Process: “Manipulation” or “Magic” for People and Business?

Facebook and the Power of Algorithms According to an article written by Professor Karrie Karahalios, from the University Illinois, and published in the MIT Technology Review October 2014 Issue, the power of algorithms is becoming a, mostly unknown, breeding ground for “corporate psychology research” on consumer behavior. In the article, Professor Karahalios identifies the Facebook…

RRSP Season is Approaching!

Don’t forget about the RRSP season and the approaching deadline of March 2, 2015. Contributing to an RRSP can lower your taxable income while creating an income for your retirement years. The amount you are able to contribute is based on 18% of your earned income based on the 2014 calendar year; or, the……

A.I., the Economy, and the necessity of Re-Educating

I read an interesting article recently titled, “Why AI Could Destroy More Jobs than it Creates, and How to Save Them” by a guy over at Tech Republic, Nick Heath. The article discussed a new book co-authored by two economists at the Massachusetts Institute of Technology (MIT), Erik Brynjolfsson and Andrew McAfee. The book is……

Why it’s time to finally let go of Email.

As in Charlton Heston’s famous monologue in the original 1968 concluding scene of Planet of the Apes, we kneel in the sand at the end of email....…