TD Models Advisor Pay Plan – the real reason it does not want to get rid of embedded commissions and introduce best interest standards….
“We now have aligned ‘pay for performance’ to strategy,” states the compensation document. “We want your practice, on average, over time, to grow faster and be more productive and profitable than our competition.”
Finance and the Death of Trust (Institute for New Economic Thinking)
November Fund OBSERVER 2013 (Canadian Fundwatch)
Citi’s Economic Surprise Index Has Been Falling All Month And Is On The Verge Of Going Negative (Business Economics, hat tip Abnormal Returns)
The Value Returns to Value Investing (Institutional Investors, hat tip Abnormal returns) – high to low P/B spreads also appeared most elevated at market peaks, which is no real comfort.