Tag: Financial Services Pricing

Australian banks ‘sucking’ New Zealand’s wealth, expert claims | Newshub

Australian banks ‘sucking’ New Zealand’s wealth, expert claims | Newshub

‘Sucking’ New Zealand’s wealth Mr Stubbs said it’s time Kiwis became more aware of the money they’re handing over to Australian banks. He said that would be bad news for them, because once people find out what they’re paying, they might switch to another cheaper option, which could force prices down. “Do you know what […]

When Clients Push Back on Pricing: 5 Strategies for Advisors | ThinkAdvisor

When Clients Push Back on Pricing: 5 Strategies for Advisors | ThinkAdvisor

Most of the securities business seems to be priced based on assets under management. You can make a good case, explaining how everyone benefits. Online trading and robo-advisors are getting warmed up in the opposite corner. It would appear clients can get everything for nothing. What now? … Strategy Three — Discounting The client insists […]

JPMorgan offers free trades as fight for retail clients builds | Financial Planning

JPMorgan offers free trades as fight for retail clients builds | Financial Planning

The biggest U.S. bank is joining an escalating battle for retail investors. JPMorgan Chase is planning to roll out a mobile brokerage platform next week that includes free research and some free trading to its millions of retail customers. That comes after Fidelity Investments cut fees to zero on two new index funds earlier this […]

A New Bill Banning Banks From Charging Overdraft Fees May Have Unintended Consequences | InsideSources

A New Bill Banning Banks From Charging Overdraft Fees May Have Unintended Consequences | InsideSources

But Borné believes the bill will force the market to adapt and be more fair to consumers. It may prompt banks to nix free checking account options, but banks would at least be more transparent about the fees they charge. “What you see is a lot of banks that offer free checking with no upfront monthly […]

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 […]