Harvard Law School professor Elizabeth Warren has a solution: the Financial Product Safety Commission.
As a financial product, Shariah compliant financing can be safe and secure, said consultant John Cassara.
As a result, you will seldom hear the truth about a financial product.
They take their time to think about new-fangled ideas, so the wait to launch a new financial product can be interminable.
This would mean separating the insurance interests from the financial product divisions.
Somehow to me this smells like another one of those bubbles created by financial product manufacturers and sellers based on recent short term track records.
Predictably, the financial product pushers don't much like the MSRB's proposal.
The CFPB would like to see some regulation of these folks, but I have a simpler plan: Require anyone who sells a financial product to become a fiduciary.
These are the top-tier Islamic scholars whose stamp of approval is required before the world's banks can market a new financial product as being consistent with Islamic law.
However, what it does show is that lost decade is largely scare marketing that uses fear to make investors susceptible to the sale of a costly financial product.
An annuity is a financial product sold as a way to collect and grow funds and then later receive those funds as a steady cash flow during retirement.
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Consumers should evaluate every financial product, traditional or alternative, carefully.
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Compare a contractum trinius to a murabaha contract, a structured financial product offered by Islamic banks as a way around the Koran's proscription of riba, or usury.
One multi-billion dollar pension I advise has a policy stating that investing in any financial product managed by the financial advisory firm it relies upon for independent, objective advice is prohibited.
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Like many other financial product firms, Guardian works through agents and brokers who have their choice of products such as life insurance and annuities to offer customers in addition to a proprietary channel.
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For example, a business might hedge against rising oil prices by buying a financial product to secure stable fuel costs, so an airlines might have an interest in locking in a decent price.
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One of the fundamental tenets of our work is that the greater the marketing dollars behind a financial product, the greater the likelihood that it will be recommended to investors, regardless of the investment merits.
The launch of a new financial product, for example, can occupy a lawyer for three to six months as the company designs what is essentially a contract and pushes it through all the regulatory and legal checklists.
Hedge funds, funds of funds and indeed funds of funds of funds created by pension consultants enjoy fees exponentially greater than any other financial product, as well as a lack of transparency and regulation that permit questionable secret compensation arrangements.
Even just a brief look at what is has done to Greece (or Ireland, Portugal) should be enough to convince you that this is an extremely dangerous financial product and one that we should certainly consider for banning.
As a result of shifting responsibility for retirement planning onto workers and financial product innovation, virtually all Americans (and foreign investors for that matter) that had accumulated any degree of wealth turned to financial services firms for expert, independent investment advice and investment products.
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Then, on April 16th, the Securities and Exchange Commission charged Goldman, Sachs and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.
It is also an opportunity for the IFA to explain the option of paying by a fee, as well as the option of paying by commission - ultimately added to the cost of any financial product bought through the adviser - or a combination of the two.
The concept of a derivative product, with a value that depends on at least one risk factor, has been the greatest financial-product innovation of the 20th century.
These questions can only be answered if our marketing, social, sales, customer care, financial and product instrumentation systems are all working together.
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PLC, whose misconduct has cost it billions of pounds, CEO Antony Jenkins recently said he was "shredding" a self-serving and aggressive culture by abolishing commissions on financial-product sales, among other things.
In individual sports, be it auto racing, golf, or tennis, the financial spoils from product endorsements truly go to the largest winners.
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Cynthia Parras decided not to enroll in Cobra after she was laid off from her job as a financial-services product manager in San Francisco in February, because she felt she couldn't afford it.
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