Tag: Financial Services Pricing

Pricing and monetisation in private banking: New trends in revenue management | hubbis

Pricing and monetisation in private banking: New trends in revenue management | hubbis

Hubbis and co-host Simon-Kucher & Partners assembled a group of wealth management experts in a private discussion to analyse the latest trends and anticipate future developments. The premise for the discussion was that the approach to pricing, monetisation and discounts in the wealth management sector in Asia need addressing in a more professional manner, for […]

New Rules Require Brokers To Disclose Commissions On Bond Trades | Forbes

New Rules Require Brokers To Disclose Commissions On Bond Trades | Forbes

I cannot count how many times I’ve heard investors brag about all their no commission bond trades. Maybe they thought if they said it enough times, it would come true. It is not true now, nor has it ever been true. The regulators allowed the industry to drag its feet for years—until May 14, 2018. […]

My Price Is Right: What Millennials Want From Financial Services | Investor’s Business Daily

My Price Is Right: What Millennials Want From Financial Services | Investor’s Business Daily

Name Your Price: What Millennials Want From Financial Services When millennials weigh whether to hire an advisor, they want assurance that they’re hiring an educator acting in their best interest. They don’t want a salesperson pitching products. They may already understand the role of a fiduciary, but many advisors still define the term. Stating at […]

Feeling squeezed by pricing pressure? Here’s what to do | Advisor.ca

Feeling squeezed by pricing pressure? Here’s what to do | Advisor.ca

If you’re feeling pricing pressure, you’re not alone. At CFA Toronto’s Annual Wealth Conference this week, about two-thirds of audience members said they feel price pressure. (The question was asked and answered via smartphone, with responses tabulated.) In the current environment of low-cost online competition, that pressure comes as no surprise and will likely increase. […]

U.S. muni bond firms race to comply with new price transparency rule | Reuters

U.S. muni bond firms race to comply with new price transparency rule | Reuters

Trading in some corporate bonds, under an amendment to Financial Industry Regulatory Authority rules, will also be affected. Under the rule, muni brokers will be required to determine a baseline number, known as a “prevailing market price,” in order to show retail investors how much prices for a bond transaction were marked up or down. […]

More Advisors Experimenting with Alternative Pricing Models | Wealth Management

More Advisors Experimenting with Alternative Pricing Models | Wealth Management

Some advisors are content to ride out their careers with their current client roster, feeling little need to grow their practice by attracting the attention and assets of younger clients. But there are some that do feel the need, either because they understand it’s their fiduciary duty to steward their clients’ assets into the next […]

SEC Steers Pilot on Equity Trading Fees and Rebates Amid Headwinds | Traders News

SEC Steers Pilot on Equity Trading Fees and Rebates Amid Headwinds | Traders News

The transaction-fee pilot was announced in March to address criticism over the maker-taker system of rebates, which reward brokers that route client orders to the exchanges with the highest rebates. The practice has been controversial as some say it distorts the order routing behavior of brokers. Buy-side firms and other critics maintain that the rebates […]

Buzz Points disrupts the rewards industry with innovative contracts and pricing | CUInsight

Buzz Points disrupts the rewards industry with innovative contracts and pricing | CUInsight

Buzz Points enables community financial institutions to offer a free rewards program for consumers where they earn rewards everywhere they shop and for completing account activities, such as enrolling in estatements or applying for auto loans. Industry standard contracts for these types of programs usually last 3-5 years and frequently include exclusions and other terms […]

Your insurance company knows more about you than Facebook | CBS News

Your insurance company knows more about you than Facebook | CBS News

With billions of dollars on the line, insurers maintain a huge database of those they regard — correctly or erroneously — as bad risks. ISO, a subsidiary of Verisk Analytics, uses detailed reports from insurers to perform this type of “predictive analytics.” Insurers can also obtain crucial data on car accidents and violations on an […]

Customers not getting the best deal: ACCC | SBS News

Customers not getting the best deal: ACCC | SBS News

“It’s almost impossible for customers to obtain accurate interest rate comparisons without investing a great deal of time and effort,” Mr Sims told reporters in Sydney after the report’s release on Thursday. Mr Sims said banks were not competing to offer borrowers the best price, with the watchdog uncovering evidence decision makers were trying to […]