Jan 27, 2021
This position is for a Retail Investment Administrator within our client’s Discretionary Product team. The role would entail administration for the Linked Investment Service Provider (LISP) and its related retail products namely Endowments, Tax Free Savings Accounts and Discretionary Unit Trust and ETF investments.
Key Responsibilities:
Upfront compliance of all instructions which includes FICA and FATCA verification for all new investments
Daily capturing of new client investments, unit transfers, switches, disinvestments, and changes to client static details
Main focus would be on discretionary products namely Endowments, Tax Free Savings Accounts and Unit Trust and ETF Investments
Responsible for maintaining detailed notes on all cases assigned and regular follow up for any outstanding requirements
Image source: Getty Images
Stocks that raise their dividend payments on a regular basis are attractive investment options for investors who have Tax-Free Savings Accounts (TFSAs) for a couple of reasons.
The first is that in order to be able to continue to hike its payouts, a business needs to be fairly stable to begin with. Companies that are struggling won’t be able to continue hiking their dividends over many years, because they’ll need the money for their businesses, especially if they’re bleeding cash.
The second reason is that as an investor, you’re earning more in dividend income each year. It gives you an incentive to continue holding on to the stock. And even though your dividend income gets higher, inside of a TFSA, it’s still not taxable.
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