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Wealth Professional | 06 Apr 2017, 08:15 AM Agree 0
Grant White, an Investment Advisor at National Bank Financial, gives his view on recent industry controversies
  • Wealth Advisor | 06 Apr 2017, 09:28 AM Agree 0
    No need to reinvent the wheel here. One only has to look to the U.S. for examples of how financial institution that sell proprietary products have to work in a fiduciary "best interest" environment.
    The obvious answer is that they don't. They are exempt.
    Therefore here in Canada, no one expects RBC to sell BMO GIC certificates if the rate is 0.1% higher.
    Best interest to sell the best products is a marvellous idea -until the lawyers get hold of it.
  • | 08 Apr 2017, 02:28 PM Agree 0
    There is no such a thing as a fiduciary. not in the United States, not anywhere. There are good advisors and bad ones both the word Fudiciary
    Is nonsense. Even the few people that say they are a Fiduciary are no better or worse then a person that is a non Fiduciary.
    The people that are Fiduciaries, so called, they are doing what's best for the client in their own mind but that doesn't mean
    It's in the clients mind.
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