Best Financial Services

Introduction Best fiscal Services (BFS), a Canadian monetary services firm founded in 1993, provides a mixture of products among them correlative Funds, income tax return preparation, Guaranteed Investment Certificates (GICs), life indemnity and retreat plans to a client base of 600 individuals. BFS needs to rec all over from a loss of one of its accounts in an already arrant(a) market. BFS suffered a loss of one of its major customers, belonging to the 256 clients who had holdings wanted over $100,000, to the unexpected emerging competition from Scotia Bank. The investment arm of the posit, ScotiaMcLeod lured this whole client with the prospects of better returns of the investment than those produced by BFS composition impressing future clients with additional services offered by the bank. This loss would concussion the tax income and consequently the net income and profitability for the firm for 2008. The issuance of the bank competition was not a welcome step-up to a financial services firm in the heels of sculptural relief of regulatory barriers that allowed commercial banks, investment banks and insurance companies to enter into distributively others businesses. Analysis addicted the real possibility of reducing the companys income, the discontinue and sole shareowner owner, Linda Best, had to replace one of her bakshish clients, in the 30% blow over tier of her client portfolio, with investments between $100,000 and $200,000. She considered twain pickaxes. The first option was to hire a Certified Financial Planner (CFP); the instant option was the purchase of an existing portfolio to increase its client shipment and net income from a retiring financial planner in the area that she knew. First Option - Hiring a CFP: |Pros: |Cons: | |This is an important performer t! hat raises the probabilities of having a |After losing a top client, Linda looked for some new...If you regard to get a full essay, graze it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper