After educating herself (with no small amount of help from yours truly, if I may pat my own back) Wayfare has realized that a lot of the products
sold at the bank branch are expensive, with high fees (aka MERs) designed to make the bank rich, rather than her.
Not exact matches
Canada Trust had always
sold itself as the anti-bank, boasting such revolutionary (
at the time) features as 24 - hour telephone
banking and extended
branch hours.
The recent stress tests showed Spanish
banks had a total of $ 12 billion in mandatory convertible bonds outstanding, much of them
sold to retail clients
at branches throughout the country.
MFDA advisors — many of whom work
at bank branches and firms such as Investors Group — can
sell mutual funds and nothing else.
must be able to be opened in -
branch at any
branch in all or the majority of the Canada's provinces and territories or opened online through non-face-to-face account opening procedures without requiring a mobile mortgage or
banking specialist to come to your home where the product will be
sold in conjunction with a mortgage / home equity line of credit
Non-deposit investment and insurance products, such as mutual funds, stocks, annuities and life insurance policies that may be
sold through this website or
at a
Bank branch location, are not deposits, not FDIC - insured, not insured by any Federal Government Agency, not guaranteed by the
Bank, and may go down in value (if applicable).
This type of segregated fund can be
sold by registered mutual fund salespeople
at bank branches and by individual financial advisors who lack life insurance licenses.
I know that in order to make a 6 % increase in the
bank I work
at, I will have to obtain more licenses to
sell more complex products, meet higher sales goals, become my
branch's leader in bringing in new business and fostering new relationships, and obtain supervisor authority which would mean being up
at 5:30 in the morning for
branch openings and late night
branch closings, investigating teller differences, and so much other stuff.
«It will definitely lead to higher choice for the consumer
at a particular
bank branch and therefore it is good from that perspective,» said Subrat Mohanty, executive VP, HDFC Life who added that Irda may also look to allow the 22 lakh odd agents to start
selling products of multiple insurers as that will further benefit the customer who will get more choice from his her agent.
Anjee Solanki, national director of retail services
at real estate services company Colliers International, also raises the prospect of a landlord bundling 10 or more
bank branches on retail pad sites and
selling them as a portfolio, or even spinning off
bank - anchored pad sites in ground lease deals.
It typically takes Hilco three to six months to
sell a
bank branch, although a recent deal closed in one week
at 17 percent above the asking price, according to Kirshenbaum.