According to the Financial Post's Jonathan Chevreau, BMO's entry would lend a kind of credibility to robo - advisors that
the banks gave mutual funds a few years back.
Not exact matches
Typically, a
given company administers its 401 (k) by working with a specific provider, from a pool that includes insurance - driven companies like Prudential,
banks like Wells Fargo, and an array of
mutual -
fund companies.
However, the investors may please note that the
mutual fund schemes being marketed by
banks and postoffices should not be taken as their own schemes and no assurance of returns is
given by themThe only role of
banks and post offices is to help in distribution of
mutual funds schemes to theinvestors.
The Reserve
Bank of India has now
given permission to both the nonresident Indian (NRI) and a person of Indian origin (PIO) to invest in the
mutual funds.
Lately, I noticed that my RESP (
mutual funds at TD) is
giving almost the same growth (including the government grant) as my usual saving account with other
banks.
I have an RRSP account at a financial institute that my company uses, but I like my RRSP at another financial institution (let's call it
Bank B), as they
give me better returns on my
mutual funds.
Axis
Bank Mutual Fund gives the full credits of its success story to the three pillars of its strength - long - term generation of wealth, outstanding in customers» view, and long - term relationships with their customers.