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Email this5:44 pm
January 12, 2019
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.
I don't deal with them (yet), but my Parents do. Through their Rothenberg broker, they just got a 1 Yr. 'Wealth One Bank' GIC @ 2.41% ❗
Compare that with these ➡ https://www.highinterestsavings.ca/gic-rates/
Apparently my Parents have been getting great GIC rates through Rothenberg, for quite some time now.
Something to look into ➡ https://www.rothenberg.ca/
Thought I'd share,
- Dean
" Live Long, Healthy ... And Prosper! "
5:51 pm
April 14, 2021
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I think that all three brokers on the GIC chart page offer the same 1-yr 2.41%
6:03 pm
January 12, 2019
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HermanH said
I think that all three brokers on the GIC chart page offer the same 1-yr 2.41%
Two out of three do ➡ https://www.highinterestsavings.ca/gic-rates/
I wonder if it's the same 'Wealth One Bank' GIC.
- Dean
" Live Long, Healthy ... And Prosper! "
6:17 pm
April 14, 2021
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If you click on all three to check their sites, each will offer 2.41%
It could be WealthOne, I check yesterday and it was eclipsed by HavenBridge, I think.
8:14 pm
October 21, 2013
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Kevin ROTENBERG is founder of GICWealth. Maybe some guy, slightly different spelling?
9:07 am
December 20, 2016
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Loonie said
Kevin ROTENBERG is founder of GICWealth. Maybe some guy, slightly different spelling?
I don't believe they are related, Loonie.
The founder of RCM was Jack Rothenberg, now retired as far as I know, succeeded by his son. I was a client from when they first started back in the 80's, when their service and rates were exceptional.
In the past ten years, their service and rates have both deteriorated until I finally dropped them last year.
I would not recommend Rothenberg Capital Management.
Stephen
10:09 am
January 12, 2019
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Stephen ⬆,
Maybe it's the office you dealt with. My parents have nothing but good things to say about Rothenberg Capital Management ... they deal with their 'Calgary' office.
So what brokerage do you deal with now, and would you recommend them ?
- Dean
" Live Long, Healthy ... And Prosper! "
12:13 pm
December 20, 2016
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Dean said
.....
Maybe it's the office you dealt with. ....
So what brokerage do you deal with now, and would you recommend them ?Dean
Dean,
Head office in Montreal.
Most dealings now are DIY which have proven to be more successful.
Stephen
1:20 pm
April 6, 2013
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It can also depend on the attitude on the broker one deals with.
Some deposit brokers also sell mutual funds and insurance products. The two are substantially more lucrative than GIC's.
Commission on a GIC is customarily ¼% per year of the GIC's term. Equity mutual funds have trailers of 1% per year. There is lots of incentive to upsell someone coming in for a GIC to mutual funds.
Some brokers aren't too keen when they are told one is only interested in the GIC.
2:31 pm
October 21, 2013
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I have dealt with two deposit brokers over the years, Monarch and GICWealth. I've never experienced an iota of upselling from either, to the point that I didn't even know they sold anything else for quite some time.
7:26 pm
April 6, 2013
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One deposit broker was not as restrained. I surprised him when I told him he was offering deferred sales charge units and that I don't invest in those. There are other dealers who sell the front-end load units with 0% load and no back-end load!
The self-serving "advice" was not surprising. I knew that he and his firm would be dividing up an upfront commission from the mutual fund company of around 4% if I had bought those deferred sale charge units.
2:46 am
November 18, 2017
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Norman1: How did you identify the Deferred Sales Charges?
RetirEd
RetirEd
8:34 am
April 6, 2013
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RetirEd said
Norman1: How did you identify the Deferred Sales Charges?
I knew they were deferred sales charge units when he said I wouldn't have to pay any commissions if I held the mutual funds units for something like 7 years.
2:01 pm
November 18, 2017
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Thanks, Norman1. Interesting...
RetirEd
RetirEd
2:10 pm
September 11, 2013
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I think fund deferred sales charges, as well as trailing commissions, are gone everywhere in Canada by June 1 of this year.
5:18 pm
April 6, 2013
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Starting June 1, 2022, mutual fund companies can no longer pay any upfront commissions to dealers. Only trailing commissions are allowed.
Starting new thread No new deferred sale charge mutual fund units starting June 1, 2022.
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