@Jerry: Yes, but RBC Direct Investing is the only
big bank broker to offer a USD RRSP.
I thought it was no big deal; mistakes happen and it has happened once before at my previous
big bank broker and it took a mere phone call to have the charge reversed.
Administration Fees and Commissions Scotia iTrade's biggest attraction is the low fees, which are lower than that of
the big bank brokers but higher than deep - discount brokers such as Questrade (See: Questrade Review) for accounts of modest size.
Not exact matches
A
big reason for this is that many of the purported «professionals» in real estate finance (e.g. mortgage
brokers and
bank officers) don't understand it either.
The world's
biggest and most reputable bitcoin
broker, consumers can easily link their
bank account to buy Bitcoins.
The
biggest distinction between them and the usual
bank - or
broker - managed IRA is the range of investments offered and how the IRA is managed.
Traders just starting out might want to consider a
big -
bank discount
broker instead.
While I admit this setup is not streamlined and pretty like the
big bank discount
broker websites, this is one of the reasons Questrade is able to offer dirt - cheap trading commissions.
Banks are the biggest lenders of first mortgages, but mortgage brokers gained popularity as an alternative for those who were turned down by b
Banks are the
biggest lenders of first mortgages, but mortgage
brokers gained popularity as an alternative for those who were turned down by
banksbanks.
«The vast majority of mortgage lenders, from the
big banks to the non-bank lenders, such as Street Capital, MCAP and First National, are letting people defer mortgage payments or allowing homeowners to re-amortize their payments,» explains Robert McLister, an independent mortgage
broker and founder of RateSpy.com.
«
Brokers have a much stronger position in the marketplace because
big banks have no interest in funding anything but A-lenders,» says Jones.
The reason for such help is not because some home buyers didn't lie on their loan applications, or because some lenders didn't look the other way when borrowers were patently unqualified for
big loans, or that
banks and
brokers on Wall Street were not obligated to check the value of securities and properly report them, rather it was a matter of self - interest — fewer foreclosures mean less downward pressure on local home values, including the value of your home and mine.
The
banks as an industry has figured out that this is a golden oportunity to put their
biggest competition (Mortgage
Brokers) out of business because they control the gates to all FHA loans.
Mutual Fund Companies have a need to grow and the two most common are through the
big bank offerings available at retail
banks in Canada and then there is the
broker and brokerage method again with the
big banks and some niche players.
Banks may still be the
biggest lenders in Ottawa but that doesn't stop mortgage
brokers from carving out a niche in the market.
Specifically, Interactive
Brokers is «
banking» on being able to compete against
big bank «convenience» by offering IB clients a way to manage their daily finances through the IB platform with a low interest credit card or debit card.
Here is an overview of what
broker - dealers and
big banks have to offer to employees and the different opportunities available.
In Canada, many of my investment friends (
brokers, traders, etc.) just buy boring but steady dividend stocks like BCE, the
big banks, pipelines, utilities, etc., and collect dividends and capital gains.
While
banks are the
biggest mortgage lenders without the involvement of
brokers, many applications are rejected, as they do not meet the loan approval criteria.
Without association with mortgage
brokers,
banks are the
biggest first mortgage lender in the city but only to a select group.
In Waterloo, the
biggest number of initial mortgages is offered by
banks, without assistance from mortgage
brokers.
A
big number of clients that need mortgage
brokers» services are those that were turned away by
banks who follow a strict approval criterion.
Those who have been rejected by
banks make up the
biggest chunk of a mortgage
broker's customers.
A slightly better choice for parking cash for investors who have accounts at a
big -
bank affiliated discount
broker is the
big bank's own money market fund.
It may not be in your best interest to be invested in securities, but
brokers and
big banks do not want to lose the reoccurring fees they charge you every month.
More and more Canadians are turning to alternatives to the
big banks like credit unions, mortgage
brokers and large companies that specialize in residential mortgages.
The
big banks offer very efficient, low cost services through online discount
brokers.
For example, a
big bank with the stagecoach in their logo will not offer FHA loans over a 45 % debt ratio, while some mortgage
brokers (like us) will go to 50 % debt - in - income ratio.
In short, I was quite satisfied at TradeFreedom while they were independent but now they're just another
big bank «discount
broker» with all the crap that entails.
While everyone is minding the
big banks front door — you can always use some other door to talk to them and if you want to avoid all those bargaining then simply talk to a mortgage
broker.
i.e. carrying the original costs of the investments to the discount brokerage (I understand from my
broker that this is possible since both my discount brokerage account and non registered investment are divisions of the same
big bank).
Rob McLister, a mortgage
broker at IntelliMortgage and founder of RateSpy.com, said he expects the other
big banks will quickly move in lockstep because of a massive sell - off in the bond market that has made it more expensive for
banks to get access to cash.
It's safe to assume the
big banks and discount
brokers won't roll over to the new kids in town.
The problem is that NONE of the
Big Six
Banks are advertising a 1.41 % discount off their 3 - year rate... The best advertised rate that we could find with TD Canada Trust is through their
broker channel.
Cointelegraph
Big banks and futures
brokers carry the risk of the pending Bitcoin Futures launch.
He served as head of Russia & CIS department at eToro, the
biggest social trading network, was VP for Business Development at Alfa
Bank and Alfa Forex and for many years worked as top manager, sales, and marketing specialist in Latin America — for example, he headed Latin American office for GKFX, the leading global online forex trading
broker.
Lawmakers from both sides of the aisle expressed deep concern over the idea of letting
big national
banks become real estate
brokers and managers in the pivotal hearing on the issue held earlier this week by a key House Financial Services subcommittee.
The CBC further reported that «in the summer of 2015, Home Capital announced that it had cut ties with about 45 mortgage
brokers for fudging numbers» and they reported that «Home Capital makes most of its money selling uninsured mortgages to clients who the
big banks don't cater to, usually because they have spotty credit histories, are self - employed or have otherwise uneven incomes.»
With access to more than 50 lending institutions, including
big banks, credit unions and trust companies our licensed team of professional mortgage
brokers knows how to find you the best solution for your lifestyle.
A
big bank employee asks his boss for a raise, Obama tells regulators they're doing a good job, and a mortgage
broker gets a call during a
bank robbery.